Open AccessDeterminan Kinerja Pasar Saham Dengan Risk Premium Sebagai Variabel Intervening Pada Bank Indonesia (BI)
Author(s) -
Silvia Permata Sari,
Lucy Aprelia D,
Lusiana Lusiana
Publication year - 2021
Publication title -
jurnal ekobistek
Language(s) - English
Resource type - Journals
eISSN - 2527-9483
pISSN - 2301-5268
DOI - 10.35134/ekobistek.v10i2.55
Subject(s) - risk premium , interest rate , monetary economics , stock market , economics , money supply , stock (firearms) , interest rate risk , financial economics , business , mechanical engineering , paleontology , horse , biology , engineering
The purpose of this study was to determine the effect of interest rate, money supply and inflation rate on
stock market performance. This study consists of three independent variables, namely interest rate,
money supply and inflation rate. The dependent variable is stock market performance. And one
intervening variable risk premium. The analytical method used is multiple linear regression analysis and
path analysis. Methods of data collection in this research is to use the internet research to obtain
secondary data by accessing the website www.bi.go.id. he results obtained show that there is an effect of
interest rate risk premiums. Money supply has no effect on risk premiums. Inflation rate affects the risk
premium. And interest rate, money supply, inflation rate together has an effect on the risk premium.
Interest rate affects stock market performance. Money supply has no effect on stock market performance.
The inflation rate has no effect on stock market performance. Risk premium affects stock market
performance. And interest rate, money supply, inflation rate and risk premium affect the stock market
performance. Risk premium cannot mediate the effect of interest rates on stock market performance. Risk
premium cannot mediate the effect of money supply on stock market performance. Risk premium can
mediate the effect of inflation rate on stock market performance.