The Influence of Inflation, Interest Rates, and Rupiah Exchange Rates on Post-covid-19 Stock Prices in Export Companies in the Food and Beverage Sub-sector Listed on the Indonesia Stock Exchange

Abstract

This study aims to determine and analyze the effects of inflation, interest rates, and the rupiah exchange rate simultaneously and partially on food and beverage sub-sector companies listed on the Indonesia Stock Exchange. This type of research is explanatory research with a quantitative approach. The population in this study are the inflation rates, interest rates, and exchange rates in January–December of 2020 and share prices in the food and beverage sub-sector export companies listed on the Indonesia Stock Exchange for the 2021 period. The sample used was 60 data. Data collection techniques use documentation, while data analysis techniques use multiple linear regression models and hypothesis testing using the t test and F test. The results of the study show that partially inflation has a positive and significant effect on share prices of post-covid-19 export companies. Interest rates have a positive and insignificant effect on share prices of post-covid-19 export companies. The Rupiah exchange rate has no significant effect on the share prices of post-covid-19 export companies, but simultaneously inflation, interest rates and the Rupiah exchange rate have a positive and significant effect on stock prices.a