Effect of Macro Economic Factors on Stock Prices in Banking Sector Companies in Indonesia Stock Exchange (BEI): Studies on Bumn and Bumd Banks for the Period of 2013 - 2017
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Abstract
This study aims to examine and analyze the effects of macroeconomic variables, namely: the interest rate of Bank Indonesia, currency exchange rate, and Gross Domestic Products on the stock prices of banking in the Indonesia Stock Exchange. The analysis technique used is multiple regression. The results found that only the interest rate of Bank Indonesia significantly affects the stock prices of banking while the currency exchange rate and the Gross Domestic Product have no effect on the stock prices of banking in the Indonesia Stock Exchange. This study uses only three macroeconomics variables, so that further research needs to find other macroeconomics variables that are supposed to influence the stock prices of banking in the Indonesia Stock Exchange.