PENGARUH PERTUMBUHAN EKONOMI, NILAI TUKAR DAN SUKU BUNGA THE FED TERHADAP HARGA SAHAM PADA PERUSAHAAN MANUFAKTUR SEKTOR OTOMOTIF DI BEI

Abstract

This research aimed to examine the effect of economic growth, exchange rates, and the Fed's interest rates on the stock price of Automotive manufacturing companies listed on the Indonesia Stock Exchange (IDX) during 2017-2021. The research was quantitative. Moreover, the population was Automotive manufacturing companies listed on the Indonesia Stock Exchange (IDX). The data was secondary, which were obtained through online publication data from the Central Statistics Agency (BPS), Indonesia Stock Exchange (IDX), STIESIA Indonesia Stock Exchange Investment Gallery (GIBEI), and Federal Reserve Economic Data. The data collection technique used purposive sampling, in which the sample was based on the criteria given. In line with that, there were 11 companies as the sample. Furthermore, the data analysis technique used multiple linear regression with SPSS (Statistical Product and Service Solution) 25 version. The research result showed that economic growth had a positive and significant effect on the stock price, exchange rate had a positive and significant effect on the stock price, and the Fed's interest rates also had a positive and significant effect on the stock price.