The Effect of Inflation, Interest Rates, and Rupiah Exchange Rates on Stock Returns in Banking Companies

Niketa Adinda Zahra, Ita Mustika, Maya Richmayati

Abstract


Abstract: This study aims to determine the effect of inflation, interest rates, and the rupiah exchange rate on stock returns in banking companies listed on the Indonesia Stock Exchange for the 2019-2023 period. The population in this study are banking companies listed on the Indonesia Stock Exchange for the 2019-2023 period. Sample selection using purposive sampling technique, the number of companies sampled in this study were 6 companies. The data analysis technique used is descriptive analysis and multiple linear regression tests. The results showed that Inflation has a negative and significant effect on Stock Returns. Interest rates have a positive and significant effect on stock returns. The Rupiah Exchange Rate has a positive and insignificant effect on Stock Returns. Inflation, Interest Rates and Rupiah Exchange Rates simultaneously and significantly affect Stock Returns.


Keywords


Inflation, Interest Rates, Exchange rates, Stock Returns

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References


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