The Effect of Rupiah Exchange Rate, Inflation and Gross Domestic Product Upon Automotive Manufacturing Industry in Bursa Efek Indonesia

Abstract

The funds of market activities in Indonesia become automotive manufacturing industry
purposed to conduct and improve country economy. Automotive manufacturing industry in
2019 has its degradation, Badan Pusat Statistik (BPS) Assessed this degradation is necessary
to be attention, retrieving the industry is one of supporting sector of economy which have
mass effect on Indonesian economy. The purpose of following research is identifying the
effect of Rupiah exchange rate, inflation and Gross Domestic Product (GDP) upon the
degradation of registered automotive manufacturing industry stock value in Bursa Efek
Indonesia. The sample source in this research using the secondary sample from 12
automotive manufacturing factories. The sample are gathered from Bank Indonesia, Bursa
Efek Indonesia and Biro Pusat Statistik. Multi-regression analyzing technic is used, with the
stated result that inflation and Gross Domestic Product partially had significant and positive
effect to stock value, when exchange rate or kurs had significant negative effect to
Manufacturing factories stock value in Bursa Efek Indonesia.