Manuscript Title:

THE IMPACT OF GOLD PRICES AND MACROECONOMIC VARIABLES ON THE COMBINED STOCK PRICE INDEX

Author:

HERI SASONO

DOI Number:

DOI:10.5281/zenodo.10224146

Published : 2023-11-23

About the author(s)

1. HERI SASONO - STIE Dharma Bumiputera, Jakarta, Indonesia.

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Abstract

The Composite Stock Price Index (IHSG) is a key indicator of a country's success. The aim of this research is to see what macro variables have a significant influence on the IHSG. The research period was 15 years from 2008 to 2002. Data analysis used SPSS software version 25, to carry out the t test, F test, correlation, multiple linear regression and determinant coefficients. The research results show that Inflation, LQ-45 and Gold Prices have a significant effect on the IHSG, while Economic Growth, JII and SBI do not have a significant effect on the IHSG. Simultaneously, all independent variables (Inflation, Economic Growth, LQ- 45, JII, Gold Price and SBI) have a significant effect on the IHSG for the period 2008 to 2022 on the Indonesian Stock Exchange (BEI).


Keywords

Gold Price, Macroeconomic Variables and IHSG.