Business, Management and Accounting
3 years ago

Exchange Rates and Interest Rates Impact Stock Returns, Inflation Rates Insignificant

Jurnal Reviu Akuntansi dan Keuangan
The Effect of Exchange Rates Towards Stock Return Mediated With Inflation Rates and Interest Rates
Muhammad Jihadi, Ilfi Hadiatus Safitri, Dewi Brahmawati

Paper Summary

The study looked at how exchange rates and interest rates affect stock returns, with inflation rates as a mediator. They analyzed data from 28 companies over a five-year period. The results showed that exchange rates and interest rates had a negative impact on stock returns, while inflation rates did not have a significant effect. Exchange rates had a direct impact on stock returns, but this impact was partially mediated by interest rates.

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