Effect of Inflation, Rupiah Exchange, Dow Jones Index, Nasdaq Index, and S & P500 Index Against Combined Stock Price Index

Authors

  • Abdul Manap Faculty of Economics and Business, Jayabaya University
  • Sugito Sugito Administration College of Menarasiswa
  • Yusnindar Yusnindar Faculty of Economics and Business, Jayabaya University
  • Atik Sekianti Faculty of Economics and Business, Jayabaya University

DOI:

https://doi.org/10.58812/wsis.v2i03.767

Keywords:

Dow Jones Index, Composite Stock Price Index, Nasdaq Index, S & P500 Index, , Inflation, Rupiah Exchange Rate

Abstract

This research aims to determine empirical evidence of the influence of inflation, Rupiah exchange rate, Dow Jones index, Nasdaq index, A & P500 index on the Composite Stock Price Index. The research uses quantitative methods and uses classical assumption tests, multiple regression analysis, and hypothesis testing. The data used is secondary data during the period January 2019 – November 2023, resulting in a total of 59 samples from each variable using the purposive sampling method. The research results show that inflation has an effect on the Composite Stock Price Index, the Rupiah exchange rate has no effect on the Composite Stock Price Index, the Dow Jones Index has an effect on the Stock Price Index Combined, the Nasdaq Index influences the Composite Stock Price Index, the S & P500 Index influences the Composite Stock Price Index, and Inflation, the Rupiah Exchange Rate, the Dow Jones Index, the Nasdaq Index, and the S & P500 Index simultaneously influence the Composite Stock Price Index.

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Published

2024-03-26

How to Cite

Manap, A., Sugito, S., Yusnindar, Y., & Sekianti, A. (2024). Effect of Inflation, Rupiah Exchange, Dow Jones Index, Nasdaq Index, and S & P500 Index Against Combined Stock Price Index . West Science Interdisciplinary Studies, 2(03), 668–679. https://doi.org/10.58812/wsis.v2i03.767

Issue

Vol. 2 No. 03 (2024): West Science Interdisciplinary Studies

Section

Articles

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Copyright (c) 2024 Abdul Manap, Sugito Sugito, Yusnindar Yusnindar, Atik Sekianti

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