PENGARUH INFLASI, SUKU BUNGA, DAN NILAI TUKAR RUPIAH TERHADAP RETURN SAHAM PERUSAHAAN SEKTOR PERBANKAN YANG TERDAFTAR DI BURSA EFEK INDONESIA TAHUN 2020 – 2024
Sep 2026· Jurnal Ekonomi Kreatif Indonesia· 0 citations
Abstract
This study analyzes the effect of inflation, interest rates, and the rupiah exchange rate on stock returns of banking companies listed on the Indonesia Stock Exchange (IDX) during 2020–2024. This research employed a quantitative approach with a causal design. The sample was selected using purposive sampling, resulting in 31 companies with 155 observations. Secondary data were obtained from financial statements, the Indonesia Stock Exchange, Bank Indonesia, and Statistics Indonesia, and analyzed using multiple linear regression with SPSS. The results show that inflation and the rupiah exchange rate have a significant negative effect on stock returns, while interest rates have a significant positive effect. Simultaneously, all variables significantly affect stock returns, with an Adjusted R Square of 0.568. These findings emphasize the importance of macroeconomic indicators in investment decisions and banking sector strategies.
The food and beverage manufacturing subsector is one of the largest contributors to Indonesia’s non-oil and gas manufacturing gross domestic product, yet it remains exposed to macroeconomic turbulence in the post-COVID-19 period. This study aims to examine the effect of inflation, interest rates, and the rupiah exchang...
Dewi Safitri Zega, F. Jayanti· Jurnal ekonomi akuntansi dan...· 0 citations
This study aims to analyze the effect of inflation, exchange rates, and interest rates on the Jakarta Composite Index (JCI) on the Indonesia Stock Exchange during the period 2019–2024. The JCI is the main indicator that reflects the performance of the Indonesian capital market and is influenced by various macroeconomic...
Nehemia Marvel Kandoko, Ikayanti Puspaning Kartini, Welly· JURNAL ILMIAH ILMU EKONOMI D...· 0 citations
Exchange rate fluctuations and inflation are macroeconomic factors that may affect corporate financial performance, particularly profitability as measured by Return on Assets (ROA). This study aims to examine the effect of the exchange rate on ROA, the effect of inflation on ROA, and the simultaneous effect of the exch...
This study aims to analyze the influence of inflation, exchange rate, and profit-sharing rate on Mudharabah deposits at Bank Muamalat Indonesia during the 2017–2024 period. Macroeconomic variables such as inflation and exchange rate potentially affect investment preferences, while profit-sharing, as an internal factor,...
This study aims to analyze the effect of inflation, stock prices and interest rates on stock returns of banking companies listed on the Indonesia Stock Exchange during the 2020-2024 period. This research employs a quantitative approach using panel data analysis. The research sample was determined through a purposive sa...
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M. Dewi, Anik Apriani· LANCAH: Jurnal Inovasi dan T...· 0 citations
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