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References
- Akbar, A. B. (2019). An Analysis the Effect of Exchange Rate, Inflation and Interest on Stock Return. Journal Education and Economics, 2(4), 501–506.
- Apergis, N., & Apergis, E. (2020). The Role of Covid-19 for Chinese Stock Returns: Evidence from a GARCHX Model. Asia-Pacific Journal of Accounting and Economics, 1-9. https://doi.org/10.1080/16081625.2020.1816185
- Asravor, R. K., & Fonu, P. D. D. (2021). Dynamic Relation Between Macroeconomic Variable, Stock Market Returns and Stock Market Development in Ghana. International Journal of Finance and Economics, 26(2), 2637-2646. https://doi.org/10.1002/ijfe.1925
- Bahrul, U. M., Didik, S., & Sa’adah, Y. (2018). The Effect of Inflation, Rupiah Exchange Rate, Bank Indonesia Sharia Certificate, World Oil Prices, and World Gold Prices Against the Prices Development of Shares in Jakarta Islamic Index. Russian Journal of Agricultural and Socio-Economic Sciences, 9(81), 132–137. https://doi.org/10.18551/rjoas.2018-09.15
- Butt, B. Z., Rehman, K. U., Khan, M. A., & Safwan, N. (2010). Do Economic Factors Influence Stock Returns? A firm and Industry Level Analysis. African Journal of Business Management, 4(5), 583–593.
- Didier, T., Levine, R., Llovet Montanes, R., & Schmukler, S. L. (2021). Capital Market Financing and Firm Growth. Journal of International Money and Finance, 118(11), 102459. https://doi.org/10.1016/j.jimonfin.2021.102459
- Endri, E., Rinaldi, M., Ian, D. A., Saing, B., & Aminudin, A. (2021). Oil Price and Stock Return: Evidence of Mining Companies in Indonesia. International Journal of Energy Economics and Policy, 11(2), 110–114. https://doi.org/10.32479/ijeep.10608
- Gu, G., Zhu, W., & Wang, C. (2021). Time-Varying Influence of Interest Rates on Stock Returns: Evidence from China. Economic Research-Ekonomska Istrazivanja, 1-18. https://doi.org/10.1080/1331677X.2021.1966639
- Khan, M. I., Teng, J. Z., Khan, M. K., Jadoon, A. U., & Khan, M. F. (2021). The Impact of Oil Prices on Stock Market Development in Pakistan: Evidence with a Novel Dynamic Simulated ARDL approach. Resources Policy, 70(3), 101899. https://doi.org/10.1016/j.resourpol.2020.101899
- Lee, C. C., Lee, C. C., & Wu, Y. (2021). The Impact of COVID-19 Pandemic on Hospitality Stock Returns in China. International Journal of Finance and Economics, 1-14. https://doi.org/10.1002/ijfe.2508
- Madai, T. B. (2021). Impact of COVID-19 Pandemic on Stock Market Returns. SSRN Electronic Journal, 1-18. https://doi.org/10.2139/ssrn.3794199
- Maharditya, M. A., Layyinaturrobaniyah, & Anwar, M. (2018). Implication of Macroeconomic Factors to Stock Returns of Indonesian Property and Real Estate Companies. Jurnal Dinamika Manajemen, 9(1), 100–113. https://doi.org/10.15294/jdm.v9i1.14656
- Marozva, G. (2020). The Effects of Monetary Policy on Stock Market Returns and Volatility: Evidence from South Africa. Academy of Accounting and Financial Studies Journal, 24(3), 1-11.
- Nurasyikin, J., Shahnaz, I., & Manaf, S. A. (2017). Macroeconomic Variables and Stock Market Returns: Panel Analysis from Selected ASEAN Countries. International Journal of Economics and Financial Issues, 7(1), 37–45.
- Nurazi, R., & Usman, B. (2016). Bank Stock Returns in Responding the Contribution of Fundamental and Macroeconomic Effects. JEJAK (Jurnal Ekonomi Dan Kebijakan), 9(1), 134–149. https://doi.org/10.15294/jejak.v9i1.7191
- Pham, A. V., Adrian, C., Garg, M., Phang, S. Y., & Truong, C. (2021). State-Level COVID-19 Outbreak and Stock Returns. Finance Research Letters, 43(11), 102002. https://doi.org/10.1016/j.frl.2021.102002
- Pratiwi, S. G., Robiyanto, R., & Martono, S. (2021). Fundamental and Macroeconomic Factors on Manufacturing Companies’ Stock Returns. International Journal of Social Science and Business, 5(1), 60–68. https://doi.org/10.23887/ijssb.v5i1.29605
- Robiyanto, R. (2018). The Effect of Gold Price Changes, Usd/Idr Exchange Rate Changes and Bank Indonesia (Bi) Rate on Jakarta Composite Index (Jci)’S Return and Jakarta Islamic Index (Jii)’S Return. Jurnal Manajemen Dan Kewirausahaan, 20(1), 45–52. https://doi.org/10.9744/jmk.20.1.45-52
- Ross, D. (2021). Economic Methodology in 2020: Looking Forward, Looking Back. Journal of Economic Methodology, 28(1), 32-39. https://doi.org/10.1080/1350178X.2020.1868769
- Subramaniam, S., & Chakraborty, M. (2021). COVID-19 Fear Index: Does it Matter for Stock Market Returns? Review of Behavioral Finance, 13(1), 40-50. https://doi.org/10.1108/RBF-08-2020-0215
- Suparmono, & Partina, A. (2021). Forecasting the Inequality of Income Distribution in Consequence of the Covid-19 Pandemic. Jurnal Ekonomi Pembangunan, 19(1), 27-38. doi:https://doi.org/10.29259/jep.v19i1.13187
- Utama, O. Y., & Puryandani, S. (2020). The Effect of BI Rate, USD to IDR Exchange Rates, and Gold Price on Stock Returns Listed in the SRI KEHATI Index. Jurnal Dinamika Manajemen, 11(1), 39–47. https://doi.org/10.15294/jdm.v11i1.21207
- Wardani, V., & Lahuddin, L. (2021). The Relationship between Current COVID-19 and Indonesia Stock Market: Evidence from ARDL Model. Jurnal Ekonomi Pembangunan, 19(1), 101-110. doi:https://doi.org/10.29259/jep.v19i1.13837
- Wijaya, D. P., & Sedana, I. B. P. (2020). Effects of Quick Ratio, Return on Assets and Exchange Rates on Stock Returns. American Journal of Humanities and Social Sciences Research, 4(1), 323-329.
- Xu, L. (2021). Stock Return and the COVID-19 Pandemic: Evidence from Canada and the US. Finance Research Letters, 38(1), 1-7. https://doi.org/10.1016/j.frl.2020.101872
- Yahya, Majid, M. S. A., & Hafasnuddin. (2021). Stock Returns-Inflation Nexus in Indonesia: Evidence from Conventional and Islamic Stocks. Entrepreneurial Business and Economics Review, 9(4), 131-146. https://doi.org/10.15678/EBER.2021.090409
- Yunita, & Robiyanto. (2018). The Influence of Inflation Rate, BI Rate, and Exchange Rate Changes to the Financial Sector Stock Price Index Return in the Indonesian Stock Market. Jurnal Manajemen Dan Kewirausahaan, 20(2), 80–86. https://doi.org/10.9744/jmk.20.2.80-86
References
Akbar, A. B. (2019). An Analysis the Effect of Exchange Rate, Inflation and Interest on Stock Return. Journal Education and Economics, 2(4), 501–506.
Apergis, N., & Apergis, E. (2020). The Role of Covid-19 for Chinese Stock Returns: Evidence from a GARCHX Model. Asia-Pacific Journal of Accounting and Economics, 1-9. https://doi.org/10.1080/16081625.2020.1816185
Asravor, R. K., & Fonu, P. D. D. (2021). Dynamic Relation Between Macroeconomic Variable, Stock Market Returns and Stock Market Development in Ghana. International Journal of Finance and Economics, 26(2), 2637-2646. https://doi.org/10.1002/ijfe.1925
Bahrul, U. M., Didik, S., & Sa’adah, Y. (2018). The Effect of Inflation, Rupiah Exchange Rate, Bank Indonesia Sharia Certificate, World Oil Prices, and World Gold Prices Against the Prices Development of Shares in Jakarta Islamic Index. Russian Journal of Agricultural and Socio-Economic Sciences, 9(81), 132–137. https://doi.org/10.18551/rjoas.2018-09.15
Butt, B. Z., Rehman, K. U., Khan, M. A., & Safwan, N. (2010). Do Economic Factors Influence Stock Returns? A firm and Industry Level Analysis. African Journal of Business Management, 4(5), 583–593.
Didier, T., Levine, R., Llovet Montanes, R., & Schmukler, S. L. (2021). Capital Market Financing and Firm Growth. Journal of International Money and Finance, 118(11), 102459. https://doi.org/10.1016/j.jimonfin.2021.102459
Endri, E., Rinaldi, M., Ian, D. A., Saing, B., & Aminudin, A. (2021). Oil Price and Stock Return: Evidence of Mining Companies in Indonesia. International Journal of Energy Economics and Policy, 11(2), 110–114. https://doi.org/10.32479/ijeep.10608
Gu, G., Zhu, W., & Wang, C. (2021). Time-Varying Influence of Interest Rates on Stock Returns: Evidence from China. Economic Research-Ekonomska Istrazivanja, 1-18. https://doi.org/10.1080/1331677X.2021.1966639
Khan, M. I., Teng, J. Z., Khan, M. K., Jadoon, A. U., & Khan, M. F. (2021). The Impact of Oil Prices on Stock Market Development in Pakistan: Evidence with a Novel Dynamic Simulated ARDL approach. Resources Policy, 70(3), 101899. https://doi.org/10.1016/j.resourpol.2020.101899
Lee, C. C., Lee, C. C., & Wu, Y. (2021). The Impact of COVID-19 Pandemic on Hospitality Stock Returns in China. International Journal of Finance and Economics, 1-14. https://doi.org/10.1002/ijfe.2508
Madai, T. B. (2021). Impact of COVID-19 Pandemic on Stock Market Returns. SSRN Electronic Journal, 1-18. https://doi.org/10.2139/ssrn.3794199
Maharditya, M. A., Layyinaturrobaniyah, & Anwar, M. (2018). Implication of Macroeconomic Factors to Stock Returns of Indonesian Property and Real Estate Companies. Jurnal Dinamika Manajemen, 9(1), 100–113. https://doi.org/10.15294/jdm.v9i1.14656
Marozva, G. (2020). The Effects of Monetary Policy on Stock Market Returns and Volatility: Evidence from South Africa. Academy of Accounting and Financial Studies Journal, 24(3), 1-11.
Nurasyikin, J., Shahnaz, I., & Manaf, S. A. (2017). Macroeconomic Variables and Stock Market Returns: Panel Analysis from Selected ASEAN Countries. International Journal of Economics and Financial Issues, 7(1), 37–45.
Nurazi, R., & Usman, B. (2016). Bank Stock Returns in Responding the Contribution of Fundamental and Macroeconomic Effects. JEJAK (Jurnal Ekonomi Dan Kebijakan), 9(1), 134–149. https://doi.org/10.15294/jejak.v9i1.7191
Pham, A. V., Adrian, C., Garg, M., Phang, S. Y., & Truong, C. (2021). State-Level COVID-19 Outbreak and Stock Returns. Finance Research Letters, 43(11), 102002. https://doi.org/10.1016/j.frl.2021.102002
Pratiwi, S. G., Robiyanto, R., & Martono, S. (2021). Fundamental and Macroeconomic Factors on Manufacturing Companies’ Stock Returns. International Journal of Social Science and Business, 5(1), 60–68. https://doi.org/10.23887/ijssb.v5i1.29605
Robiyanto, R. (2018). The Effect of Gold Price Changes, Usd/Idr Exchange Rate Changes and Bank Indonesia (Bi) Rate on Jakarta Composite Index (Jci)’S Return and Jakarta Islamic Index (Jii)’S Return. Jurnal Manajemen Dan Kewirausahaan, 20(1), 45–52. https://doi.org/10.9744/jmk.20.1.45-52
Ross, D. (2021). Economic Methodology in 2020: Looking Forward, Looking Back. Journal of Economic Methodology, 28(1), 32-39. https://doi.org/10.1080/1350178X.2020.1868769
Subramaniam, S., & Chakraborty, M. (2021). COVID-19 Fear Index: Does it Matter for Stock Market Returns? Review of Behavioral Finance, 13(1), 40-50. https://doi.org/10.1108/RBF-08-2020-0215
Suparmono, & Partina, A. (2021). Forecasting the Inequality of Income Distribution in Consequence of the Covid-19 Pandemic. Jurnal Ekonomi Pembangunan, 19(1), 27-38. doi:https://doi.org/10.29259/jep.v19i1.13187
Utama, O. Y., & Puryandani, S. (2020). The Effect of BI Rate, USD to IDR Exchange Rates, and Gold Price on Stock Returns Listed in the SRI KEHATI Index. Jurnal Dinamika Manajemen, 11(1), 39–47. https://doi.org/10.15294/jdm.v11i1.21207
Wardani, V., & Lahuddin, L. (2021). The Relationship between Current COVID-19 and Indonesia Stock Market: Evidence from ARDL Model. Jurnal Ekonomi Pembangunan, 19(1), 101-110. doi:https://doi.org/10.29259/jep.v19i1.13837
Wijaya, D. P., & Sedana, I. B. P. (2020). Effects of Quick Ratio, Return on Assets and Exchange Rates on Stock Returns. American Journal of Humanities and Social Sciences Research, 4(1), 323-329.
Xu, L. (2021). Stock Return and the COVID-19 Pandemic: Evidence from Canada and the US. Finance Research Letters, 38(1), 1-7. https://doi.org/10.1016/j.frl.2020.101872
Yahya, Majid, M. S. A., & Hafasnuddin. (2021). Stock Returns-Inflation Nexus in Indonesia: Evidence from Conventional and Islamic Stocks. Entrepreneurial Business and Economics Review, 9(4), 131-146. https://doi.org/10.15678/EBER.2021.090409
Yunita, & Robiyanto. (2018). The Influence of Inflation Rate, BI Rate, and Exchange Rate Changes to the Financial Sector Stock Price Index Return in the Indonesian Stock Market. Jurnal Manajemen Dan Kewirausahaan, 20(2), 80–86. https://doi.org/10.9744/jmk.20.2.80-86