Proceedings of the 18th International Symposium on Management (INSYMA 2021)

A Study on the Effects of Inflation Rate, Interest Rate, and Exchange Rate on the Performance of Indonesia Sharia Stock Market

Authors
Erna Garnia, Tahmat, Rizal Deden, Saeful Iman
Corresponding Author
Erna Garnia
Available Online 29 June 2021.
DOI
10.2991/aebmr.k.210628.006How to use a DOI?
Keywords
Inflation, Interest Rates, Exchange Rates, Sharia Stocks
Abstract

Various macroeconomic factors influence the stock market performance. This study aims to investigate the ef-fects of inflation rate, interest rate, and exchange rate on the sharia stock market performance in the Indonesia Stock Exchange. The market performance is indicated by a portfolio index calculated based on the return of stocks that are consistently listed in the Indonesia Sharia Stock Index (ISSI). The effects of every macroeco-nomic factor are first tested individually and then simultaneously. Based on the data from 2011 up to 2019, it is found that inflation rate, interest rate, and US$ exchange rate have a negative effect on the market performance.

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 18th International Symposium on Management (INSYMA 2021)
Series
Advances in Economics, Business and Management Research
Publication Date
29 June 2021
ISBN
978-94-6239-400-1
ISSN
2352-5428
DOI
10.2991/aebmr.k.210628.006How 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

TY  - CONF
AU  - Erna Garnia
AU  - Tahmat
AU  - Rizal Deden
AU  - Saeful Iman
PY  - 2021
DA  - 2021/06/29
TI  - A Study on the Effects of Inflation Rate, Interest Rate, and Exchange Rate on the Performance of Indonesia Sharia Stock Market
BT  - Proceedings of the 18th International Symposium on Management (INSYMA 2021)
PB  - Atlantis Press
SP  - 26
EP  - 29
SN  - 2352-5428
UR  - https://doi.org/10.2991/aebmr.k.210628.006
DO  - 10.2991/aebmr.k.210628.006
ID  - Garnia2021
ER  -