Authors:
Restu Hayati
;
Poppy Camenia Jamil
and
Azmansyah
Affiliation:
Department of Management, Universitas Islam Riau, Pekanbaru, Indonesia, Indonesia
Keyword(s):
Jakarta Composite Index (JCI), Macroeconomics, Dow Jones Index, BI 7 Days Rate, The Fed Rate, Exchange Rate, World Oil Prices
Abstract:
This study was conducted to determine the effect of macroeconomic variables on the Jakarta Composite Index
(JCI). By using time series data from 2016-2018, multiple regression analysis with the least square model
is used to prove the influence of dow jones index (DJIA), BI 7 days rate, fed rate, exchange rate, inflation and world oil prices against the Jakarta Composite Index. After going through the data stationary test and classic assumption test, the results of the study prove that there is no significant effect both simultaneously and partially between macroeconomic variables on the Jakarta Composite Index (JCI) on the Indonesia Stock
Exchange (IDX).