Pengaruh Foreign Direct Investment, Harga Minyak Dunia, Suku Bunga dan Nilai Tukar terhadap Return Indeks Harga Saham Gabungan Periode 2018-2022

Authors

  • Indah Shedo Student
  • Gatot Nazir Ahmad Universitas Negeri Jakarta
  • Destria Kurnianti Universitas Negeri Jakarta

DOI:

https://doi.org/10.51135/jba.v2.i1.p60-74

Keywords:

Foreign Direct Investment (FDI), Crude Oil Price, Exchange Rate, JCI Return, Interest Rate

Abstract

This study aims to test and analyze the effect of Foreign Direct Investment (FDI), World Oil Prices, Interest Rates, and Exchange Rates on the Return of the Composite Stock Price Index (JCI) for the 2018-2022 Period. The control variables used in this study are Covid-19 dummy and stock trading volume. The sample of this study is companies that consistently trade on the Indonesia Stock Exchange for the period 2018-2022 (60 observations). This study uses time series data. The theory used in this research is signal theory. The research data were tested using multiple linear regression tests, classical assumption tests, coefficient of determination tests, and t hypothesis tests. The test results show that world oil prices and interest rates have a significant positive effect on JCI returns, while the exchange rate and Covid-19 dummy have a significant negative effect on JCI returns. Foreign Direct Investment (FDI) and stock trading volume have no significant effect on JCI returns.

Keywords:  foreign direct investment (fdi), crude oil price , exchange rate ,jci return, , interest rate.

Downloads

Published

2023-06-30

How to Cite

Shedo, I., Ahmad, G. N., & Kurnianti, D. (2023). Pengaruh Foreign Direct Investment, Harga Minyak Dunia, Suku Bunga dan Nilai Tukar terhadap Return Indeks Harga Saham Gabungan Periode 2018-2022. Journal of Business Application, 2(1), 60–74. https://doi.org/10.51135/jba.v2.i1.p60-74

Issue

Vol. 2 No. 1 (2023): Journal of Business Application

Section

Articles

License

Journal of Business Application is an Open Access Journal. The authors who publish the manuscript in Journal of Business Application agree to the following terms:

Journal of Business Application is licensed under a Creative Commons Attribution 4.0 International. This permits anyone to copy, redistribute, remix, transmit and adapt the work provided the original work and source is appropriately cited.

This means:
(1) Under the CC-BY license, authors retain ownership of the copyright for their article, but authors grant others permission to use the content of publications in Journal of Business Application in whole or in part provided that the original work is properly cited. Users (redistributors) of Journal of Business Application are required to cite the original source, including the author's names, Journal of Business Application as the initial source of publication, year of publication, volume number, issue, and Digital Object Identifier (DOI); (2) Authors grant Journal of Business Application the right of first publication. Although authors remain the copyright owner