Business, Management and Accounting
3 years ago

Inflation boosts stock returns, interest rates drag them down in Indonesia.

1 view
Review of International Geographical Education Online
Does Stock Return Influenced by Macroeconomic Factors
Shendy Amalia, Arif Mardiansah, Mochamad Krisnandika Ajitresno, Muhamad Rahmat Taryana, Naufal Alif Irmansyah, Vandi Fernando Umbas, Obsatar Sinaga

Paper Summary

The study looked at how inflation, interest rates, and exchange rates affect stock prices in the Construction and Building sub-sector on the Indonesia Stock Exchange from 2014 to 2018. They found that inflation has a positive impact on stock returns, while interest rates have a negative impact. Exchange rates, however, do not affect stock returns in this sector.

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