The Influence of Inflation and Interest Rates on Changes in Share Prices in Trading Companies on the Indonesian Stock Exchange During the Covid-19 Pandemic For The 2019-2021 Period.
Pengaruh Inflasi dan Tingkat Suku Bunga Terhadap Perubahan Harga Saham Pada Perusahaan Perdagangan Di Bursa Efek Indonesia Selama Pandemi Covid-19 Periode 2019-2021.
DOI:
https://doi.org/10.21070/ups.836Keywords:
Inflasi, Tingkat Suku Bunga, Perubahan Harga SahamAbstract
investors expect to get profits, for this reason, before investing their shares, it is necessary to understand several factors that influence the target stock price. This study refers to the theory used by George, (1970) Signaling Theory. This research aims to determine and analyze the effect of inflation and interest rates on changes in stock prices in trading companies listed on the IDX during the Covid-19 pandemic. In this research using quantitative research type. The objects being carried out are trading companies registered on the IDX in 2019-2021. The data in this study were taken through financial report data or secondary data, analysis of research results using multiple linear regression to prove the hypothesis.
The results of the study prove that 1) Inflation has an effect on changes in stock prices during the Covid-19. 2) The interest rate variable has no effect on changes in stock prices during the Covid-19.
Downloads
References
S. Susilawati, R. Falefi, and A. Purwoko, “Impact of COVID-19’s Pandemic on the Economy of Indonesia,” Budapest Int. Res. Critics Inst. Humanit. Soc. Sci., vol. 3, no. 2, pp. 1147–1156, 2020, doi: 10.33258/birci.v3i2.954.
H. Liu, A. Manzoor, C. Wang, L. Zhang, and Z. Manzoor, “The COVID-19 outbreak and affected countries stock markets response,” Int. J. Environ. Res. Public Health, vol. 17, no. 8, pp. 1–19, 2020, doi: 10.3390/ijerph17082800.
A. Kiky, “Manajemen Risiko Terhadap Black Swan Event Maret 2020 Di Indonesia. Studi Kasus Efek Covid-19 Terhadap Pasar Modal Indonesia,” J. Bina Manaj., vol. 8, no. 2, pp. 90–105, 2020, doi: 10.52859/jbm.v8i2.89.
H. Jogiyanto, “Teori Portofolio dan Analisis Investasi (Edisi Sepuluh),” Yogyakarta BPFE, pp. 1–15, 2010.
W. S. Yoga and N. P. A. Darmayanti, “Pengaruh Nilai Tukar, Suku Bunga Dan Inflasi Terhadap Indkes Harga Saham Gabungan Di Bursa Efek Indonesia,” E-Jurnal Manaj. Unud, vol. 6, no. 8, pp. 4391–4421, 2017, doi: ISSN : 2302-8912.
I. Nurmasari, “Dampak Covid-19 Terhadap Perubahan Harga Saham dan Volume Transaksi (Studi Kasus Pada PT. Ramayana Lestari Sentosa, Tbk.),” J. SEKURITAS (Saham, Ekon. Keuang. dan Investasi), vol. 3, no. 3, p. 230, 2020, doi: 10.32493/skt.v3i3.5022.
W. Abdillah and Jogiyanto, Partial Least Square (PLS) Alternatif Structural Equation Modeling (SEM) dalam Penelitian Bisnis, 1st ed. Yogyakarta: Andi, 2015.
Sujarweni Wiratna, “Metodologi Penelitian - Bisnis dan Ekonomi,” in Metodologi Penelitian, 2015.
Sugiyono, “Metode Penelitian Pendidikan Pendekatan Kuantitaif, Kualitatif, dan R&DSugiyono. 2013. ‘Metode Penelitian Pendidikan Pendekatan Kuantitaif, Kualitatif, dan R&D.’ Metode Penelitian Pendidikan Pendekatan Kuantitaif, Kualitatif, dan R&D. https://doi.org/10.1,” Metod. Penelit. Pendidik. Pendekatan Kuantitaif, Kualitatif, dan R&D, pp. 85, 221, 273, 2013.
A. Sanusi, Metodologi Penelitian Bisnis. jakarta: salemba empat, 2014.
N. Indriartoro and B. Supomo, Metodologi Penelitian Bisnis Untuk Akuntansi & Manajemen Edisi Pertama. 2016.
S. Arikunto, Metodologi Penelitian Suatu Pendekatan Proposal. Jakarta: PT Rineka Cipta, 2005.
Agung Nugroho, Strategi Jitu Memilih Metode Statistic Penelitian Dengan SPSS. Yogyakarta: Andi Yogyakarta, 2005.
Singgih santoso, Panduan Lengkap SPSS versi 20 (Edisi Revisi). 2014.
E. Saputra, “Pengaruh Nilai Tukar Mata Uang, Inflasi, Dan Suku Bunga Terhadap Harga Saham Sektor Properti,” J. Ilmu dan Ris. Manaj., vol. 6, no. 5, 2017, doi: e-ISSN : 2461-0593.
Downloads
Additional Files
Posted
License
Copyright (c) 2023 UMSIDA Preprints Server
This work is licensed under a Creative Commons Attribution 4.0 International License.