THE INFLUENCE OF INFLATION RATE, BI RATE, AND EXCHANGE RATE CHANGES TO THE FINANCIAL SECTOR STOCK PRICE INDEX RETURN IN THE INDONESIAN STOCK MARKET

Authors

  • Yunita Yunita Faculty of Economics and Business Satya Wacana Christian University Salatiga 50711, Indonesia
  • Robiyanto Robiyanto Faculty of Economics and Business Satya Wacana Christian University Salatiga 50711, Indonesia

:

https://doi.org/10.9744/jmk.20.2.80–86

Keywords:

Financial sector stock price index, inflation rate, BI rate, exchange rate

Abstract

The objective of this study is to find out how macroeconomic factors such as exchange rate changes, BI rate and inflation rate can affect the financial sector stock price index in IDX from 2011 until 2017. Generalize Autoregressive Conditional Heteroscedasticity (GARCH) is used as the analysis method in this research to find the fittest model. The results are, only exchange rate change that has significant effect to financial sector stock price index. Inflation and BI rate have no significant effect to financial sector stock price index.

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Published

2018-10-01

How to Cite

Yunita, Y., & Robiyanto, R. (2018). THE INFLUENCE OF INFLATION RATE, BI RATE, AND EXCHANGE RATE CHANGES TO THE FINANCIAL SECTOR STOCK PRICE INDEX RETURN IN THE INDONESIAN STOCK MARKET. Jurnal Manajemen Dan Kewirausahaan, 20(2), 80–86. https://doi.org/10.9744/jmk.20.2.80–86

Issue

Vol. 20 No. 2 (2018): SEPTEMBER 2018

Section

Articles

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