THE EFFECT OF INFLATION, INTEREST RATES, EXCHANGE RATES, AND ECONOMIC GROWTH ON THE PRICE OF LQ45 INDEX STOCKS (A STUDY OF THE INDONESIAN STOCK EXCHANGE FOR THE PERIOD 2020-2024)

Abstrak

This research was conducted to examine the impact of inflation, interest rates, exchange rates, and economic growth on stock price movements on the LQ45 index on the Indonesia Stock Exchange during the period 2020–2024. Using a quantitative approach through a multiple linear regression model, this study utilized secondary data sourced from official reports from Bank Indonesia, the Central Statistics Agency, and the Indonesia Stock Exchange. The research sample included 19 companies with a total of 95 observations. Statistical analysis was performed using SPSS 26 software at a significance level of 5%. The research findings indicate that economic growth is the only variable that has a positive and significant effect on stock prices. Conversely, the variables of inflation, interest rates, and exchange rates are proven to have no statistically significant effect in this model