(Similarity) The Effect of Fuel Price Fluctuations, Exchange Rates, and Profitability on Stock Returns and Inflation as Intervening Variables

Satoto, Eko Budi (2023) (Similarity) The Effect of Fuel Price Fluctuations, Exchange Rates, and Profitability on Stock Returns and Inflation as Intervening Variables. LPPM Universitas Pendidikan Nasional.

	Text c.5.a.4. The Effect of Fuel Price Fluctuations, Exchange Rates, and Profitability on Stock Returns a.pdf Download (644kB)
	Text 70. Bukti penerbitan artikel 1 - The Effect of Fuel Price Fluctuations, Exchange Rates, and Profitabil.pdf Download (555kB)
	Text 70. The Effect of Fuel Price Fluctuations, Exchange Rates, and Profitability on Stock Returns and Inflation as Intervening Variables.pdf Download (519kB)

Abstract

This study aims to analyze the impact of fuel price fluctuations, exchange rates, and
profitability on inflation and stock returns. The study employs statistical analysis utilizing
SEM techniques and is tested using Smart PLS version 3.0. The study reveals that Fuel
price fluctuations have no effect on Inflation. The direction of the relationship between
Exchange Rate and Inflation is negative. Profitability has no effect on Inflation. Fuel price
fluctuations have no effect on stock returns. Exchange rate has a significant effect with a
positive direction on stock returns. Profitability has no direct effect on stock returns.
Inflation has a significant effect directly with a negative direction on Stock Returns.
Exchange rate has no effect on stock returns through inflation as an intervening variable.
Profitability has a significant effect with a positive direction on stock returns through
inflation as an intervening variable. The novelty in research is inflation as an intervening
variable. Investors are advised that fluctuations in fuel prices and inflation rates need not
be a primary concern in their investment decisions. Instead, the focus should be on
assessing the potential impact of these factors on company profits. Consequently,
investors should emphasize monitoring stock returns periodically while also taking into
account variables that could influence a company's stock returns. The study is limited in
its scope by examining only three independent variables—Fuel Price Fluctuations,
Exchange Rates, and Profitability. Additionally, the research is confined to the period
from 2013 to 2017.

[error in script]

Item Type:	Peer Review
Subjects:	600 Technology and Applied Science > 650 Business > 658 General Management
Divisions:	Faculty of Economics > Department of Management (S1)
Depositing User:	Eko Budi Satoto | ekobudisatoto@gmail.com
Date Deposited:	05 Dec 2023 02:56
Last Modified:	05 Oct 2024 05:24
URI:	http://repository.unmuhjember.ac.id/id/eprint/20583

Actions (login required)

View Item