Analisis Hubungan Antara Tingkat Suku Bunga Dan Obligasi Terhadap Harga Saham Gabungan Kompas 100

STIE Mars admin; Anaria Zendrato; Daniel Refandi; Elisabeth Jesika Manurung; Enos Saputra Sidabutar; Fransisco Mezgion Hutahuruk; Simon  Tarmidi

STIE Mars admin
Anaria Zendrato
Daniel Refandi
Elisabeth Jesika Manurung
Enos Saputra Sidabutar
Fransisco Mezgion Hutahuruk
Simon Tarmidi

Keywords: interest rates, bonds, stock prices, Kompas 100 Index, regression analysis.

Abstract

This study aims to analyze the relationship between interest rates, bonds, and stock prices in the context of the Kompas 100 Index. Regression analysis methods were used to test the impact of interest rate and bond variables on stock prices. The results of the study indicate that simultaneously, interest rates and bonds have a positive and significant effect on stock prices. Partially, interest rates have a negative and significant effect, while bonds have a positive and significant effect on stock prices. The independent variables (interest rates and bonds) explain the majority of the variation in stock prices, with the remainder influenced by external factors such as monetary policy and global financial market conditions. These findings highlight the complexity of the relationship between economic variables and financial markets in determining stock prices.

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