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Abstract

This study aims to examine the fundamental factors that influence stock prices in Indonesia. This is academically important to test theories that have been found previously. This study uses a quantitative approach. The data of this study focus on inflation factors, exchange rates, interest rates and the money supply in Indonesia from 2004-2018, this study uses the VAR and VECM models in testing data that has been found. The results showed that from the four macroeconomic factors tested, there were no significant factors influencing stock prices in Indonesia, these findings confirmed that in emerging-market countries, there were no influential macroeconomic factors.

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How to Cite
Mahpudin, E., Disman, Nugraha, & Mayasari. (2019). Effect of Macroeconomic Factors on Stock Prices in Indonesia. Restaurant Business, 118(5), 57-61. Retrieved from http://rbjournal.org/index.php/rb/article/view/7229