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

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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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  -