Korespondensi The Effect of World Oil Prices, Gold Prices and Other Energy Prices on the Indonesian Mining Sector With Exchange Rate of Indonesian Rupiah as the Moderating Effect

Ady, Sri Utami Korespondensi The Effect of World Oil Prices, Gold Prices and Other Energy Prices on the Indonesian Mining Sector With Exchange Rate of Indonesian Rupiah as the Moderating Effect. Fakultas Ekonomi dan Bisnis.

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Abstract

The purpose of this research was to anlyze the effect of world oil prices, gold prices, and rupiah exchange rates against the dollar toward mining sector stock returns with the rupiah exchange rate as a moderating variable. The mining sector was the sector that ranks third sector driving the growth of the IHSG in 2017. Used monthly stock price return, monthly world oil price, monthly gold prices, and monthly rupiah exchange rate against the dollar, this research was analysis with a sample of 48 months from 2015 to 2018 from IDX, This research method is Moderated Regression Analysis (MRA) The results showed that there was a significant influence between oil prices, gold prices and the rupiah exchange rate on mining sector stock returns. With the MRA test, it was concluded that the rupiah exchange rate could not moderate the influence between world oil prices and gold prices on the mining sector stock returns

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