Abstract

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.

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