Determinant Factors of Jakarta Composite Index



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Submitted Feb 15, 2021
Published Mar 9, 2021
10.24018/ejbmr.2021.6.2.755

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This study aims to examine empirically the influence of macroeconomic variables, namely: GDP growth, inflation, Rupiah exchange rates, and interest rates on the JCI on the Indonesia Stock Exchange. The analysis technique used is multiple regression. The results of the study found that only GDP growth and exchange rates had a significant effect on the JCI, while the inflation rate and interest rates had no effect on the JCI. This study only uses four macroeconomic variables, so further research needs to find other macroeconomic variables that are thought to have an effect on the JCI.

Keywords: Macroeconomic Variables, GDP Growth, Inflation, Rupiah Exchange Rate, Interest Rates, JCI

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