Authors :
Hertha Bastiawan; Sudjono
Volume/Issue :
Volume 8 - 2023, Issue 6 - June
Google Scholar :
https://bit.ly/3TmGbDi
Scribd :
https://tinyurl.com/5n6jnbef
DOI :
https://doi.org/10.5281/zenodo.8108323
Abstract :
This study aims to determine and prove the
effects of interest rates, exchange rates, money supply,
oil prices, and the Singapore stock index on the Jakarta
Composite Index (JCI). The sampling technique used in
this study was purposive sampling, with 75 samples
selected based on the research period from August 2016
to October 2022. The data analysis method used Auto
Regressive Distributed Lag (ARDL), and the data
processing was performed using E Views application
version 12. The results of this study indicate that interest
rates, money supply, and the Singapore stock index have
a positive effect on the JCI, whereas the exchange rate
has a negative effect. However, there is no significance
effect of oil prices on the JCI.
Keywords :
Component; Exchange Rates, Interest Rates, Jakarta Composite Index, Money Supply, Oil Price, Singapura Stock Index.
This study aims to determine and prove the
effects of interest rates, exchange rates, money supply,
oil prices, and the Singapore stock index on the Jakarta
Composite Index (JCI). The sampling technique used in
this study was purposive sampling, with 75 samples
selected based on the research period from August 2016
to October 2022. The data analysis method used Auto
Regressive Distributed Lag (ARDL), and the data
processing was performed using E Views application
version 12. The results of this study indicate that interest
rates, money supply, and the Singapore stock index have
a positive effect on the JCI, whereas the exchange rate
has a negative effect. However, there is no significance
effect of oil prices on the JCI.
Keywords :
Component; Exchange Rates, Interest Rates, Jakarta Composite Index, Money Supply, Oil Price, Singapura Stock Index.
