The Effect of Macroeconomic Variables on Kompas 100 Indeks on the Indonesia Stock Exchange

Pernando Simamora M (), Nisrul Irawati and Chairul Muluk
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Pernando Simamora M: North Sumatera University
Nisrul Irawati: North Sumatera University
Chairul Muluk: North Sumatera University

A chapter in Proceedings of the 19th International Symposium on Management (INSYMA 2022), 2023, pp 230-236 from Springer

Abstract: Abstract This study aims to determine the effect of macroeconomic variables, inflation, economic growth, interest rate, exchange rate, and unemployment rate on the KOMPAS 100 Index on the Indonesia Stock Exchange. The sample in this study used the KOMPAS 100 Stock Price Index data from 2015 to 2020 with monthly data. The data type used was secondary data and multiple linear regression analysis was used for data analysis. This study’s results show that macroeconomic variables: inflation, economic growth, interest rates, exchange rates, and unemployment rate significantly influence the KOMPAS 100 Index. Partially the results of this study indicate that inflation does not significantly influence the KOMPAS 100 Index. Economic growth has a positive and significant effect on the KOMPAS 100 Index. Interest rate has a negative and significant effect on the KOMPAS 100 Index. Exchange rate has a positive and significant effect on the KOMPAS 100 Index. Unemployment has a negative and insignificant influence on the KOMPAS 100 Index.

Keywords: macroeconomic variables; KOMPAS 100 Index; unemployment; interest rates; economic growth (search for similar items in EconPapers)
Date: 2023
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Persistent link: https://EconPapers.repec.org/RePEc:spr:advbcp:978-94-6463-008-4_31

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DOI: 10.2991/978-94-6463-008-4_31

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