Proceedings of the 4th Padang International Conference on Education, Economics, Business and Accounting (PICEEBA-2 2019)

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The Effect of Macroeconomic Variables and United States Economic Crisis on LQ 45 Index in Indonesia Stock Exchange

Authors
Johan Setiadi, Erni Masdupi
Corresponding Author
Johan Setiadi
Available Online 10 March 2020.
DOI
10.2991/aebmr.k.200305.073How to use a DOI?
Keywords
macroeconomic variables, United States economic crisis, LQ 45 Index
Abstract

This study aims to determine the effect of macroeconomic variables (inflation, economic growth, interest rates, exchange rates) and United States economic crisis both simultaneously and partially to the LQ 45 Index on the Indonesia Stock Exchange. The sample in this study uses the LQ 45 Stock Price Index data in the period 2007 to 2018 with monthly data. The type of data used in this study is secondary data. Data analysis in this study uses multiple linear regression analysis.The results of this study indicate that simultaneously macroeconomic variables (inflation, economic growth, interest rates, exchange rates) and the United States economic crisis significantly influence the LQ 45 Index. Partially the results of this study indicate that inflation does not significantly influence the LQ 45 Index. Economic growth has a positive and significant effect on the LQ 45 Index. Interest rates negatively and significantly affect the LQ 45 Index. The exchange rate has a positive and significant effect on the LQ 45 Index. The United States economic crisis has a negative and significant influence on the LQ 45 Index.

Copyright
© 2020, the Authors. Published by Atlantis Press.
Open Access
This is an open access article distributed under the CC BY-NC license (http://creativecommons.org/licenses/by-nc/4.0/).

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Volume Title
Proceedings of the 4th Padang International Conference on Education, Economics, Business and Accounting (PICEEBA-2 2019)
Series
Advances in Economics, Business and Management Research
Publication Date
10 March 2020
ISBN
978-94-6252-921-2
ISSN
2352-5428
DOI
10.2991/aebmr.k.200305.073How to use a DOI?
Copyright
© 2020, the Authors. Published by Atlantis Press.
Open Access
This is an open access article distributed under the CC BY-NC license (http://creativecommons.org/licenses/by-nc/4.0/).

Cite this article

risenwbib
TY  - CONF
AU  - Johan Setiadi
AU  - Erni Masdupi
PY  - 2020
DA  - 2020/03/10
TI  - The Effect of Macroeconomic Variables and United States Economic Crisis on LQ 45 Index in Indonesia Stock Exchange
BT  - Proceedings of the 4th Padang International Conference on Education, Economics, Business and Accounting (PICEEBA-2 2019)
PB  - Atlantis Press
SP  - 235
EP  - 243
SN  - 2352-5428
UR  - https://doi.org/10.2991/aebmr.k.200305.073
DO  - 10.2991/aebmr.k.200305.073
ID  - Setiadi2020
ER  -