Research Article
The Effect of COVID-19 Cases, Commodity Prices, Exchange Rates, and Interest Rates on Stock Market Performance
@INPROCEEDINGS{10.4108/eai.26-9-2023.2350705, author={Erric Wijaya and Ossi Ferli and Florence Tatukude and Tiara Ariawan and Sofi Nurhazizah}, title={ The Effect of COVID-19 Cases, Commodity Prices, Exchange Rates, and Interest Rates on Stock Market Performance}, proceedings={Proceedings of the 7th International Research Conference on Economics and Business, IRCEB 2023, 26 September 2023, Malang, East Java, Indonesia}, publisher={EAI}, proceedings_a={IRCEB}, year={2024}, month={11}, keywords={covid-19 case; commodity price; exchange rate; interest rate; stock price}, doi={10.4108/eai.26-9-2023.2350705} }- Erric Wijaya
Ossi Ferli
Florence Tatukude
Tiara Ariawan
Sofi Nurhazizah
Year: 2024
The Effect of COVID-19 Cases, Commodity Prices, Exchange Rates, and Interest Rates on Stock Market Performance
IRCEB
EAI
DOI: 10.4108/eai.26-9-2023.2350705
Abstract
This research was conducted based on the stock market's growth in Indonesia despite the ever-increasing Covid-19 conditions. This research aims to see the impact of Covid-19 cases, commodity prices, exchange rates, and interest rates on stock market performance. The data were collected using a purposive sampling technique on the Jakarta Composite Index (JCI) listed on the Indonesia Stock Exchange from March 2020 - February 2023. The analytical method used was multiple linear regression. The dependent variable are stock market performance and COVID-19 cases. The independent variable are commodity prices, exchange rates, and interest rates. This research revealed that COVID-19 cases and gold prices positively affect the stock market, while other variables show that the exchange rates, oil prices, and interest rates have a negative impact on the stock market performance.
