https://www.newinera.com/index.php/JournalLaBisecoman/issue/feed 2026-06-29T18:48:13+07:00 Dinh Tran Ngoc Huy dinh@newinera.com Open Journal Systems <p>International <strong>Journal La Bisecoman </strong>ISSN 2721-124X (Online) and 2721-0987 (Print) includes all the areas of research activities in all fields under Business, Economics, and Management such as Financial Management, Accounting, Administrative System, Brand Innovation and Brand Management, Management, Business Economics, Business Administration, Energy Management, Environmental Management, Public Sector Management, Facilities Planning and Management, Marketing Management, Finance, Foodservice Management, Global Manufacturing and Management, Human Resource Management, Industrial Engineering, Information Technology Management, Knowledge Management, Management Information System, Management Psychology, Management of Enterprises, Management Practices, Management Strategy, Management Theory, Manufacturing Systems Engineering, Marketing, Operations Research, Organizational Behaviour, Port Management, Production Management, Project and Quality, Research Methods, Logistics and Supply Chain Management, Risk Management and Insurance, Scientific Management, Security and Risk Management, Hospitality Management, Sport Management, Strategic Management, Strategic Management, Technology and Knowledge Management.</p> https://www.newinera.com/index.php/JournalLaBisecoman/article/view/3302 2026-06-29T18:48:13+07:00 Diana Diana dianafabiolla7@gmail.com Nopiani Indah nopiani@widyadharma.ac.id

<p><em>This study aims to analyze the influence of macroeconomic variables consisting of Inflation, Gross Domestic Product (GDP), Interest Rates, Exchange Rates, and Unemployment Rates on the Composite Stock Price Index (IHSG) on the Indonesia Stock Exchange. This study employs a causal quantitative approach by observing monthly time series data from January 2015 to December 2024. Through saturated sampling, 120 secondary data observations were obtained, sourced from the Central Bureau of Statistics, Bank Indonesia, and the Indonesia Stock Exchange. Data analysis was conducted using multiple linear regression based on Ordinary Least Squares (OLS) which fulfilled the classical assumption tests. The results concluded that simultaneously, Inflation, GDP, Interest Rates, Exchange Rates, and the Unemployment Rate have a significant effect on the IHSG. Partially, GDP and the Exchange Rate were proven to have a significant positive effect on the IHSG. Conversely, Interest Rates and the Unemployment Rate have a significant negative effect. Meanwhile, the Inflation variable was proven to have no significant effect on the IHSG during the observation period. The implications of this study emphasize that real and monetary macroeconomic factors dominate asset valuation sentiment in emerging capital markets.</em></p>

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