The Analysis of Exchange Rate Factors and Interest Rate on Stock Price of Pharmaceutical Companies in Indonesia

Cases During Covid-19 Pandemic

DOI

10.2991/aebmr.k.210831.012How to use a DOI?

Keywords

Exchange Rate, Interest Rate, Stock Price

Abstract

This study aims to determine the effect of Indonesia’s exchange rate and the interest rate on the stock prices of pharmaceutical companies in Indonesia. This research used secondary data from pharmaceutical companies listed on the Stock Exchange in the period July 2019 to May 2020. The population and samples of this study were state-owned pharmaceutical companies listed on the Indonesia Stock Exchange. The research period was 12 months, from July 1st st, 2019, until May 31st, 2020. Data collection of this study considered the world economic conditions and Indonesia, which was weakening because of the Covid-19 disaster, and based on the phenomenon, the pharmaceutical business would reap profits amid the Covid-19 pandemic disaster. This research used a multiple linear regression analysis methods assisted by Eviews 9. The results showed that interest rates and exchange rates affected the stock prices of pharmaceutical companies in Indonesia. This study’s recommendations can assist investors in investing during the Covid-19 pandemic and for next research can prolong the period of data collection and add other pharmaceutical companies outside State-owned companies and other macroeconomic factors such as inflation rates and gross domestic product.

Copyright

© 2021, the Authors. Published by Atlantis Press.

Open Access

This is an open access article distributed under the CC BY-NC license (http://creativecommons.org/licenses/by-nc/4.0/).

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TY  - CONF
AU  - Dewi Kartikaningsih
AU  - Nugraha
AU  - Maya Sari
AU  - Ikaputera Waspada
PY  - 2021
DA  - 2021/09/02
TI  - The Analysis of Exchange Rate Factors and Interest Rate on Stock Price of Pharmaceutical Companies in Indonesia
BT  - Proceedings of the 5th Global Conference on Business, Management and Entrepreneurship (GCBME 2020)
PB  - Atlantis Press
SP  - 58
EP  - 61
SN  - 2352-5428
UR  - https://doi.org/10.2991/aebmr.k.210831.012
DO  - 10.2991/aebmr.k.210831.012
ID  - Kartikaningsih2021
ER  -