Analysis of Effects of Inflation, Interest Rates, Rupiah Exchange Rate toward Composite Stock Price Index with the Gross Domestic Product as Moderation Variable in the Indonesia Stock Exchange

Abstract

This study included an explanatory research that discusses the effects of inflation, interest rates, the exchange rate of the composite stock price index by the gross domestic product as a moderating variable. The population in this study throughout the company went public on the Stock Exchange, monthly data taken in time series during the period July 2005 to December 2015, analysis was used to test the hypothesis in this study is the Person's product moment correlations. The research proves inflation, interest rates, exchange rate significantly influence the composite stock price index. Gross domestic product is significantly moderating the effect of inflation on the composite stock price index. While the gross domestic product does not moderate the effect of the interest rate on the composite stock price index and the exchange rate of the composite stock price index.