Analysis of the Effect of Macroeconomic Variables to Joint Stock Price Index with Monetary Policy as Moderating Variables in Indonesia

Mahendra, A. and Ruslan, Dede and Sirojuzilam, and Irsad, (2020) Analysis of the Effect of Macroeconomic Variables to Joint Stock Price Index with Monetary Policy as Moderating Variables in Indonesia. In: Proceedings of The 5th Annual International Seminar on Transformative Education and Educational Leadership (AISTEEL), 22 September 2020, Medan.

[img] Text
COVER.pdf - Published Version

Download (0B)
[img] Text
PROCEEDING.pdf - Published Version

Download (0B)
[img] Other (Thumbnails conversion from text to thumbnail_lightbox)
lightbox.jpg - Published Version

Download (0B)
[img] Other (Thumbnails conversion from text to thumbnail_preview)
preview.jpg - Published Version

Download (0B)
[img] Other (Thumbnails conversion from text to thumbnail_medium)
medium.jpg - Published Version

Download (0B)
[img] Other (Thumbnails conversion from text to thumbnail_small)
small.jpg - Published Version

Download (0B)
[img] Other (Thumbnails conversion from text to thumbnail_lightbox)
lightbox.jpg - Published Version

Download (0B)
[img] Other (Thumbnails conversion from text to thumbnail_preview)
preview.jpg - Published Version

Download (0B)
[img] Other (Thumbnails conversion from text to thumbnail_medium)
medium.jpg - Published Version

Download (0B)
[img] Other (Thumbnails conversion from text to thumbnail_small)
small.jpg - Published Version

Download (0B)
[img] Other (Generate index codes conversion from text to indexcodes)
indexcodes.txt - Published Version

Download (0B)
[img] Other (Generate index codes conversion from text to indexcodes)
indexcodes.txt - Published Version

Download (0B)
Official URL: https://aisteel2020.unimed.ac.id/wp-content/upload...

Abstract

This research is intended to know the influence of the macroeconomic variables to join the stock price index and detect the possibility of flypaper effect occurrences at joint stock price index with monetary policy as moderating variable in Indonesia. This research population is Indonesia, and 17 of them were selected to be the samples for this research through a purposive sampling technique. Estimates conducted by the multiple regression analysis and moderating variable test. The data used in this study were secondary, consisted of Economic Growth, Inflation, and World Oil Prices to joint-stock price index with an interest rate as the monetary policy for the year 2000-2017. This research shows that Based on the partial test (ttest), the Economic Growth variable has no significant effect. In contrast, the Inflation and World Oil Price variables have a significant effect on the variables of the Joint Stock Price Index in Indonesia. The SBI Interest Rate as a monetary policy variable cannot moderate the relationship between Economic Growth, Inflation, and World Oil Prices on the Joint Stock Price Index in Indonesia.

Item Type: Conference or Workshop Item (Paper)
Keywords: Economic Growth; Inflation; World Oil Prices; Monetary Policy; Joint Stock Price Index
Subjects: H Social Sciences > HB Economic Theory. Demography
H Social Sciences > HD Industries. Land use. Labor
H Social Sciences > HD Industries. Land use. Labor > HD72 Economic growth, development, planning
Divisions: Program Pasca Sarjana
Depositing User: Mrs Catur Dedek Khadijah
Date Deposited: 29 Dec 2020 07:48
URI: http://digilib.unimed.ac.id/id/eprint/41032

Actions (login required)

View Item View Item