Proceedings of the 5th Global Conference on Business, Management and Entrepreneurship (GCBME 2020)

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The Analysis of Exchange Rate Factors and Interest Rate on Stock Price of Pharmaceutical Companies in Indonesia

Cases During Covid-19 Pandemic

Authors
Dewi Kartikaningsih, Nugraha, Maya Sari, Ikaputera Waspada
Corresponding Author
Dewi Kartikaningsih
Available Online 2 September 2021.
DOI
10.2991/aebmr.k.210831.012How to use a DOI?
Keywords
Exchange Rate, Interest Rate, Stock Price
Abstract

This study aims to determine the effect of Indonesia’s exchange rate and the interest rate on the stock prices of pharmaceutical companies in Indonesia. This research used secondary data from pharmaceutical companies listed on the Stock Exchange in the period July 2019 to May 2020. The population and samples of this study were state-owned pharmaceutical companies listed on the Indonesia Stock Exchange. The research period was 12 months, from July 1st st, 2019, until May 31st, 2020. Data collection of this study considered the world economic conditions and Indonesia, which was weakening because of the Covid-19 disaster, and based on the phenomenon, the pharmaceutical business would reap profits amid the Covid-19 pandemic disaster. This research used a multiple linear regression analysis methods assisted by Eviews 9. The results showed that interest rates and exchange rates affected the stock prices of pharmaceutical companies in Indonesia. This study’s recommendations can assist investors in investing during the Covid-19 pandemic and for next research can prolong the period of data collection and add other pharmaceutical companies outside State-owned companies and other macroeconomic factors such as inflation rates and gross domestic product.

Copyright
© 2021, the Authors. Published by Atlantis Press.
Open Access
This is an open access article distributed under the CC BY-NC license (http://creativecommons.org/licenses/by-nc/4.0/).

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Volume Title
Proceedings of the 5th Global Conference on Business, Management and Entrepreneurship (GCBME 2020)
Series
Advances in Economics, Business and Management Research
Publication Date
2 September 2021
ISBN
10.2991/aebmr.k.210831.012
ISSN
2352-5428
DOI
10.2991/aebmr.k.210831.012How to use a DOI?
Copyright
© 2021, the Authors. Published by Atlantis Press.
Open Access
This is an open access article distributed under the CC BY-NC license (http://creativecommons.org/licenses/by-nc/4.0/).

Cite this article

risenwbib
TY  - CONF
AU  - Dewi Kartikaningsih
AU  - Nugraha
AU  - Maya Sari
AU  - Ikaputera Waspada
PY  - 2021
DA  - 2021/09/02
TI  - The Analysis of Exchange Rate Factors and Interest Rate on Stock Price of Pharmaceutical Companies in Indonesia
BT  - Proceedings of the 5th Global Conference on Business, Management and Entrepreneurship (GCBME 2020)
PB  - Atlantis Press
SP  - 58
EP  - 61
SN  - 2352-5428
UR  - https://doi.org/10.2991/aebmr.k.210831.012
DO  - 10.2991/aebmr.k.210831.012
ID  - Kartikaningsih2021
ER  -