Proceedings of the Tarumanagara International Conference on the Applications of Social Sciences and Humanities (TICASH 2024)

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The Influence of Rupiah Exchange Rate, World Oil Prices, and Inflation on the Composite Stock Price Index (IHSG)

Authors
Glenn Alfredo Dinata1, Yusbardini Yusbardini2, *
1Management and Business Department, Universitas Tarumanagara, Jakarta, Indonesia
2Lecturer in Management and Business, Universitas Tarumanagara, Jakarta, Indonesia
*Corresponding author. Email: yusbardini@fe.untar.ac.id
Corresponding Author
Yusbardini Yusbardini
Available Online 22 July 2025.
DOI
10.2991/978-2-38476-446-4_9How to use a DOI?
Keywords
Rupiah Exchange Rate; World Oil Price; Inflation; Composite Stock Price Index
Abstract

Both the concept and the practice of investing in stocks are well-known. Among Indonesia’s several stock indexes is the Composite Stock Price Index (IHSG). Exchange rates, global oil prices, and inflation are among the macroeconomic elements that might impact the IHSG’s volatility. The objective of this research is to determine how the IHSG is impacted by changes in the following variables: the currency rate, global oil prices, and inflation. This study makes use of secondary sources and time series data spanning 2019–2023. The data is tested using Ordinary Least Squares (OLS) approach, which incorporates assumption tests, in SPSS version 29 software. The study findings indicate that the Composite Stock Price Index (IHSG) is significantly impacted by the simultaneous effect of the following variables: exchange rate, global oil prices, and inflation (F-test). A partial analysis (T-test) shows that the variables that have a significant influence on the IHSG are: exchange rate and world oil prices. Apart from that, the variables that do not have a significant effect is inflation.

Copyright
© 2025 The Author(s)
Open Access
Open Access This chapter is licensed under the terms of the Creative Commons Attribution-NonCommercial 4.0 International License (http://creativecommons.org/licenses/by-nc/4.0/), which permits any noncommercial use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license and indicate if changes were made.

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Volume Title
Proceedings of the Tarumanagara International Conference on the Applications of Social Sciences and Humanities (TICASH 2024)
Series
Advances in Social Science, Education and Humanities Research
Publication Date
22 July 2025
ISBN
978-2-38476-446-4
ISSN
2352-5398
DOI
10.2991/978-2-38476-446-4_9How to use a DOI?
Copyright
© 2025 The Author(s)
Open Access
Open Access This chapter is licensed under the terms of the Creative Commons Attribution-NonCommercial 4.0 International License (http://creativecommons.org/licenses/by-nc/4.0/), which permits any noncommercial use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license and indicate if changes were made.

Cite this article

risenwbib
TY  - CONF
AU  - Glenn Alfredo Dinata
AU  - Yusbardini Yusbardini
PY  - 2025
DA  - 2025/07/22
TI  - The Influence of Rupiah Exchange Rate, World Oil Prices, and Inflation on the Composite Stock Price Index (IHSG)
BT  - Proceedings of the Tarumanagara International Conference on the Applications of Social Sciences and Humanities (TICASH 2024)
PB  - Atlantis Press
SP  - 72
EP  - 81
SN  - 2352-5398
UR  - https://doi.org/10.2991/978-2-38476-446-4_9
DO  - 10.2991/978-2-38476-446-4_9
ID  - Dinata2025
ER  -