Open AccessEffect of Interest Rates, Rupiah Currency Exchange Rates, World Gold Prices, and Dow Jones Index on Stock Prices of Property and Real Estate Companies with Inflation as Moderating Variables
Author(s) -
Hasanudin Hasanudin,
Anugrah Kumaruza
Publication year - 2020
Publication title -
focus
Language(s) - English
Resource type - Journals
ISSN - 2798-2181
DOI - 10.37010/fcs.v1i1.276
Subject(s) - economics , real estate , currency , autoregressive conditional heteroskedasticity , stock (firearms) , stock exchange , monetary economics , stock market index , inflation (cosmology) , interest rate , exchange rate , index (typography) , financial economics , econometrics , finance , stock market , volatility (finance) , geography , context (archaeology) , physics , archaeology , theoretical physics , world wide web , computer science
The purpose of this research is to study the effect of interest rates, rupiah currency exchange rates, world gold prices, and the Dow Jones Index on stock prices of property and real estate companies with inflation as a moderating variable. This study uses a case study of 4 stocks, namely BSDE, CTRA, PWON, and SMRA with the research data period January 2014-December 2019. The analysis was carried out using the ARCH / GARCH model using the Eviews 10 application. The results showed that there were quite varied results regarding patterns of the relationship between the independent variables on the four stock prices studied. The most notable difference is in the PWON stock