PENGARUH INFLASI, NILAI TUKAR, DAN SUKU BUNGA TERHADAP INDEKS HARGA SAHAM DI KAWASAN ASEAN PERIODE 2017-2019
Keywords:
Inflation, Exchange Rates, Interest Rates, Stock Price Index.Abstract
This research was conducted to 1) analyze the effect of inflation on the stock price index on the stock exchange of each ASEAN member country for the period 2017-2019, (2) to analyze the effect of the exchange rate on the US dollar on the stock price index on the stock exchange of each ASEAN member country period 2017-2019, (3) Analyzing the effect of interest rates on the stock price index on the stock exchanges of each ASEAN member country for the 2017-2019 period.
The research data is in the form of secondary data and the data collection technique used is documentation study. The population in this study is the stock price index in the ASEAN region. The sample selected based on the purposive sampling method, namely the index IHSG, KLCI, STI, SETI, and VN which will be analyzed using multiple linear regression analysis method.
Based on the results of hypothesis testing, inflation in Malaysia and Thailand has a significant positive effect on the stock price index, while inflation in Indonesia, Singapore, and Vietnam has no effect on the stock price index. Exchange rates in Indonesia, Malaysia, Singapore, and Thailand have a significant negative effect on the stock price index, while the exchange rate in Vietnam has no effect on the stock price index. Interest rates in Malaysia have a significant positive effect while interest rates in Indonesia, Singapore, Thailand and Vietnam have no effect on the stock price index.
