THE EFFECT OF USD/IDR EXCHANGE RATE, INTEREST RATE, AND WORLD OIL PRICE TO JAKARTA COMPOSITE INDEX (JCI)

Al Azizah, Ummu SalmadanDaulay, YusdidanKrisnanto, Naufal (2019) THE EFFECT OF USD/IDR EXCHANGE RATE, INTEREST RATE, AND WORLD OIL PRICE TO JAKARTA COMPOSITE INDEX (JCI). AGREGAT:Jurnal Ekonomi dan Bisnis, 3 (2). pp. 171-183. ISSN 2549-5658 e-ISSN: 2549-7243

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Abstract

This research aims to investigate effect of selected macroeconomic variables, i.e., USD/IDR exchange rate, interest rate, and world oil price to indonesia composite index at the indonesia stock exchange (IDX). This paper examine the direct effect of selected macroecomonic variable on Indonesia Composite Index. The study used time series data from the 2012-2017. By using an regression technique analysis, the result from showed that simultaneously the exchange rate, interest rate, and world oil price have a significant effect on Indonesia Composite Index. Partially, only the exchange rate has a significant effect on Indonesia Composite Index, interest rate and world oil price have no significant effect on Indonesia Composite Iindex. The amount of influece caused by the three variables is 58% and the rest is explained by other variables.

Item Type: Article
Uncontrolled Keywords: Capital Market, Jakarta Composite Index (JCI). Exchange Rate, Interest Rate, World Oil Price
Subjects: Fakultas Farmasi dan Sains > H Social Sciences (General)
Depositing User: ST Bahar Sobari
Date Deposited: 28 Jan 2020 10:45
Last Modified: 28 Jan 2020 10:45
URI: http://repository.uhamka.ac.id/id/eprint/866

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