Research Article
Determination of The BI 7-Day Repo Rate, Inflation, and S&P 500 on the Energy Sector Stock Index (IDX Energy) in 2021-2023
@INPROCEEDINGS{10.4108/eai.19-9-2024.2354213, author={Sugeng Tri Wahono and Chandra Murti Dewi Widowati Hermajiwandini}, title={Determination of The BI 7-Day Repo Rate, Inflation, and S\&P 500 on the Energy Sector Stock Index (IDX Energy) in 2021-2023}, proceedings={Proceedings of the 7th International Seminar on Business, Economics, Social Science, and Technology, ISBEST 2024, 19 September 2024, South Tangerang, Indonesia}, publisher={EAI}, proceedings_a={ISBEST}, year={2025}, month={1}, keywords={bi 7--day repo rate inflation s\&p 500 energy sector stock index}, doi={10.4108/eai.19-9-2024.2354213} }- Sugeng Tri Wahono
Chandra Murti Dewi Widowati Hermajiwandini
Year: 2025
Determination of The BI 7-Day Repo Rate, Inflation, and S&P 500 on the Energy Sector Stock Index (IDX Energy) in 2021-2023
ISBEST
EAI
DOI: 10.4108/eai.19-9-2024.2354213
Abstract
Fluctuations in stock market indices are common on the stock exchange and are influenced by various factors such as internal company dynamics and macroeconomic conditions. This study analyzes the impact of the BI 7–Day Repo Rate, Inflation, and S&P 500 on the Energy Sector Stock Index (IDX Energy) from 2021 to 2023 using time series data. The analysis utilizes a linear regression model to assess the variables. The results show that the independent variables have t-count result that is higher than the t-table. The significance of the independent variables has a significant impact (significance < 0,05). Additionally, the calculated F value is higher than the F table, with a significance of 0,00, signifying that from January 2021 to December 2023, the BI 7–Day Repo Rate, Inflation, and S&P 500 variables either partially or simultaneously have a positive and significant impact on the Energy Sector Stock Index.
