ANALYSIS OF MACROECONOMIC IMPACT ON THE BANKING STOCK PRICES LISTED IN THE INDONESIAN STOCK EXCHANGE (2018 - 2021)

Abstract

This study aims to determine the effect of macroeconomic indicators on the stock prices of banking companies before and after the Covid 19 pandemic. To achieve this, researchers will conduct tests to determine the significance to the relationship between inflation, interest rates, economic growth, and exchange rate concerning stock prices in banking firms. Information collected from banking companies in Indonesia that is listed on the Indonesia Stock Exchange between 2018 and 2021. Purposive sampling used to collect information. As a result, a total of 240 data collected from 5 companies as samples. As a tool, the statistical analysis method with multiple regression analysis used to evaluate the hypothesis. The results showed that inflation has a significant effect, interest rate has no impact, and exchange rate has positive effect towards stock price rate of return.