The determinants of macroeconomic factors on Indonesia stock market performance / Nadiah Farihin Mohd Samri

Jakarta Composite Index (JCI) is the benchmark for all the stock market in Indonesia country. The chart of Jakarta Composite Index (JCI) has shown a volatile from each year. Therefore, the aim of this research is to determine the relationship of macroeconomic factors on Indonesia stock market performance. This research represents the Jakarta Composite Index as dependent variables and Inflation Rate (INF), Interest rate (IR), Gross Domestic Product (GDP) and Exchange Rate (EXC) as independent variables. The study conducted for twenty (20) years which from 2001 until 2020. Also, this study uses the secondary data and a time series as a model to examine the possible relationship of the variables. Therefore, to collect the data, we use time series data and run it by E-views version 12. Hence, there are some methodologies used to identify the significance relationship such as descriptive analysis, normality test, correlation test, multicollinearity test, heteroskedasticity test and regression analysis.