Analysis of the Effect of Inflation and World Oil Prices on Stock Prices of the Energy (Oil) Sector Listed on ISSI in 2018-2021

Abstract

In investing, every investor needs information to determine investment decisions, including macroeconomic factors that can affect the performance of stocks, especially those engaged in oil energy. One of the macroeconomic information such as inflation and world oil prices. For investors, it is very important to know whether the movement of inflation and world oil prices will have a positive or negative impact on the performance of a company's shares. This study aims to determine the effect of inflation rate and world oil prices partially or simultaneously on Islamic stock indices listed on the Indonesia Stock Exchange. The type of research used in this study is quantitative research. The sampling technique uses purposive sampling or judgmental sampling. All data used starts from January 2018 to December 2021. The analysis technique in this study uses multiple linear analysis methods using SPSS 16 software. The results of hypothesis testing show that inflation partially has no effect on the stock price of the energy sector (oil) and world oil prices have no effect on the stock price of the energy sector (oil). While the results of simultaneous hypothesis testing inflation and world oil prices have no effect on the stock price of the energy sector (oil).