Penelitian ini bertujuan untuk menganalisis bagaimana pengaruh variabel makro ekoomi seperti suku bunga, nilai tukar, inflasi, dan harga minyak dunia terhadap perilaku investor khususnya herding. Pada penelitian ini, perilaku herding diukur menggunakan Cross-Sectional Absolute Deviation (CSAD) untuk data time series selama tahun 2017 hingga 2021. Hasil penelitian ini menunjukkan bahwa perilaku herding investor di pasar modal Indonesia tidak terjadi selama masa penelitian.

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This study aims to analyze the influence macroeconomics variables such as interest rate, inflation, exchange rate, and oil price on investor herding behaviour in Indonesia. In this study, investor herding behaviour measured using Cross- Sectional Absolute Deviation (CSAD) for time series data from 2017 until 2021. This study found that macroeconomics variables have no significant effect on investor herding behaviour in capital market Indonesia during 2017-2021.