scholarly journals Analisis Pengaruh Variabel-Variabel Makro Ekonomi Terhadap Jakarta Islamic Indeks (JII) Periode 2007-2015

2017 ◽  
Vol 4 (6) ◽  
pp. 449
Author(s):  
Nining Khoirun Nisa ◽  
Raditya Sukmana
Keyword(s):  
Exchange Rates ◽  
Interest Rates ◽  
Foreign Exchange ◽  
Stock Price ◽  
Price Index ◽  
Sampling Technique ◽  
Foreign Exchange Rates ◽  
Production Index ◽  
Macroeconomic Indicators ◽  
Stock Price Index

Based on this, researchers are interested to know and analyze the effect of macroeconomic indicators consisting of Inflation, Interest Rate, Foreign Exchange and Production Index on Stock Price Index of the Jakarta Islamic Index (JII). This study uses a quantitative approach. The sampling technique used is the technique of sampling nonprobabilitas. The type of data in this study of time series data.The results of this study indicate that inflation and interest rates significantly affect the stock price index Jakarta Islamic Index (JII). Foreign exchange rates and the production index did not significantly affect the stock price index Jakarta Islamic Index (JII).

scholarly journals ANALISIS DAMPAK HARGA MINYAK MENTAH DUNIA, TINGKAT SUKU BUNGA DAN KURS VALUTA ASING TERHADAP INDEKS HARGA SAHAM PERTAMBANGAN PERIODE 2014 – 2016

2020 ◽  
Vol 8 (2) ◽  
pp. 1-17
Author(s):  
Jessica Prania Suradi ◽  
Selly Eriska Marisa
Keyword(s):  
Exchange Rates ◽  
Interest Rates ◽  
Foreign Exchange ◽  
Stock Price ◽  
Price Index ◽  
Oil Prices ◽  
Foreign Exchange Rates ◽  
Mining Sector ◽  
Crude Oil Prices ◽  
Stock Price Index

This study aims to look at the effect of world crude oil prices, interest rates, and foreign exchange rates on the mining sector stock price index for the 2014-2016 period. The research method used is descriptive statistical methods with quantitative research types. This study also uses analytical methods such as multiple regression analysis through t test and F test. Based on the F test (simultaneous) shows that world oil prices, interest rates, and foreign exchange rates affect simultaneously on the mining sector stock price index for the period 2014-2016 , while the t test (partial) shows that world crude oil prices a positive but not significant effect on the mining stock price index for the period 2014-2016, the interest rate has a negative effect and significant to the mining sector stock price index for the period 2014-2016, and the foreign exchange rate has a negative and significant effect on the price index mining sector shares in the 2014-2016 period.

scholarly journals Pengaruh Nilai Tukar, Suku Bunga dan Inflasi terhadap Indeks Harga Saham Gabungan

2021 ◽  
Vol 9 (2) ◽  
pp. 11-20
Author(s):  
Paryudi Paryudi
Keyword(s):  
Exchange Rate ◽  
Data Analysis ◽  
Exchange Rates ◽  
Interest Rates ◽  
Stock Price ◽  
Price Index ◽  
Stock Exchange ◽  
Sampling Technique ◽  
Purposive Sampling ◽  
Stock Price Index

ABSTRACT   This study aims to determine the effect of exchange rates, Interest Rates Sertificates of Bank Indonesia and inflation on the Composite Stock Price Index in the  Indonesian stock exchange. The sampling technique was purposive sampling. The samples obtained were 60 samples. Based on the results of data analysis, it shows that the exchange rate has a negative and significant effect on the Composite Stock Price Index. Interest Rates Certificates of Bank Indonesia and Inflation has a negative and unsignificant effect on the Composite Stock Price Index. Collectively exchange rate, Interest Rates, Certificate of Bank Indonesia and inflation have a positive and significant effect on the Composite Stock Price Index.   Keywords: Exchange rates, Interest Rates Certificates of Bank Indonesia, inflation and Composite Stock Price Index. ABSTRAK   Penelitian ini bertujuan untuk mengetahui pengaruh Nilai Tukar, Suku Bunga SBI dan Inflasi terhadap Indeks Harga Saham Gabungan di Bursa Efek Indonesia. Teknik pengambilan sampel adalah purposive sampling. Sampel diperoleh sejumlah 60 sampel. Berdasarkan hasil analisis data menunjukan bahwa Nilai Tukar berpengaruh negatif dan signifikan terhadap Indeks Harga Saham Gabungan, Suku Bunga SBI dan Inflasi berpengaruh negatif dan tidak signifikan terhadap Indeks Harga Saham Gabungan. Secara bersama Nilai Tukar, Suku Bunga SBI dan Inflasi berpengaruh positif dan signifikan terhadap Indeks Harga Saham Gabungan. Kata Kunci : Nilai Tukar, Suku Bunga SBI, Inflasi dan IHSG.

scholarly journals The Impact of Macro Economy on Stock Price Index: An Empirical Study of Five ASEAN Countries

2017 ◽  
Vol 5 (2) ◽  
pp. 40-45
Author(s):  
Embun Prowanta ◽  
Moeljadi Moeljadi ◽  
Sumiati Sumiati ◽  
Kusuma Ratnawati
Keyword(s):  
Exchange Rates ◽  
Interest Rates ◽  
Foreign Exchange ◽  
Stock Price ◽  
Price Index ◽  
The Philippines ◽  
Foreign Exchange Reserves ◽  
Macroeconomic Variables ◽  
Stock Price Index ◽  
Asean Countries

Objective - The objective of the study is to empirically investigate the relationship between macroeconomic variables as Gross Domestic Product (GDP), inflation, interest rates, exchange rates, foreign exchange reserves, current accounts and export-import towards the stock price index. Methodology/Technique - The data used is monthly data for macroeconomic and the stock price index of five ASEAN countries including Indonesia, Malaysia, Singapore, Thailand and the Philippines from 2006 to 2015. The analysis uses a regression estimation of panel data and a series of chow tests i.e. the Hausman test and the LM test as the selection process, with the aim of determining the macroeconomic variables that could significantly affect the stock price index of five ASEAN countries. Findings - The result show that of the seven macroeconomic variables affecting the stock price index, only four macroeconomic variables showed a significant effect. These are GDP, interest rates, exchange rates, and inflation. Meanwhile, three other variables (foreign exchange reserves, current accounts and export-import) did not show a significant effect. Novelty - The study looked at the effect of deregulation on stock markets, focusing on variables that significantly influence the stock price index. Type of Paper - Empirical Keywords: Stock Price Index; Macro Economics; Five ASEAN Countries.

scholarly journals The Effects of Inflation, Interest Rates and Exchange Rates on Composite Stock Price Index During the Covid-19 Pandemic

2021 ◽  
Vol 5 (2) ◽  
pp. 77-85
Author(s):  
Ifa Nurmasari ◽  
Siti Nur'aidawati
Keyword(s):  
Exchange Rates ◽  
Interest Rates ◽  
Stock Price ◽  
Research Method ◽  
Price Index ◽  
Hypothesis Test ◽  
Secondary Data ◽  
The World ◽  
Stock Price Index ◽  
Quantitative Descriptive

The COVID-19 pandemic that hit Indonesia and even the world, caused changes in various sectors and decline in the Indonesian economy. To improve the economy, it is necessary to increase investment. This research aims to find out how the influence of inflation, bank interest rates and currency rates on Composite Stock Price Index both partially and simultaneously at the time of the covid-19 pandemic. The research method used in this study is quantitative descriptive, which discusses the problems faced that describe the state of a country expressed in numbers. The data used in this study is secondary data. It was taken during the covid-19 period from March 2020 to July 2021. The analytical methods are used multiple linear regression, classical assumption test, hypothesis test, and determination coefficient test. The novelty of this research is to use macroeconomic data during the COVID-19 pandemic. The results showed that simultaneously, inflation, bank interest rates, and currency rates had a significant effect on Composite Stock Price Index. Inflation, bank interest rates, and currency rates exert a 94.9% effect on Composite Stock Price Index. The remaining 5.1% was affected by other factors not used in the study. Partially, inflation is positive and significant to Composite Stock Price Index. Bank interest rates and currency rates negatively and significantly affect Composite Stock Price Index.  

scholarly journals ANALISIS PENGARUH TINGKAT INFLASI, TINGKAT SUKU BUNGA, DAN NILAI TUKAR TERHADAP INDEKS HARGA SAHAM GABUNGAN (IHSG) DI BURSA EFEK INDONESIA (BEI) PERIODE 2013-2015

2020 ◽  
Vol 6 (2) ◽  
pp. 121
Author(s):  
Daniar Primavistanti ◽  
Aftoni Sutanto
Keyword(s):  
Exchange Rate ◽  
Interest Rate ◽  
Exchange Rates ◽  
Interest Rates ◽  
Stock Price ◽  
Price Index ◽  
Stock Exchange ◽  
Composite Index ◽  
Inflation Rates ◽  
Stock Price Index

This research aimed to analyze and test the effect of inflation rates, interest rate and exchange rate  on the stok price index  at the stock exchange in 2013–2015. Independent variable used are inflation, interest rates, and exchange rates. While the dependent variable is the stock price index. The object of this research  is in the market listed  on the stock price index. The  inflation  rates, interest rates,  and  the  exchange  rate that  are  taken  from Indonesian Bank. The  analytical  method used is the classic assumption test and regression test. Based  on  the  survey  result revealed  that in partial  inflation and the exchange  rate does not  significantaly  influence the Stock  Exchange  Composite Index. While the variable interest rate significantly influence the Stock Exchange Composite Index. The test results simultaneosly show variable inflation, interest rates and exchange rates have an influence on the Stock Exchange  Composite Index. The coefficient of determination was 28,3%.

scholarly journals Pengaruh Inflasi, Kurs, Suku Bunga, dan Harga Minyak Dunia Terhadap Indeks Harga Saham Industri Pertambangan di Bursa Efek Indonesia Periode 2012-2015

2019 ◽  
Vol 3 (1) ◽  
pp. 18
Author(s):  
Yulia Istia Ningsih ◽  
Muthmainnah Muthmainnah
Keyword(s):  
Exchange Rates ◽  
Interest Rates ◽  
Stock Price ◽  
Price Index ◽  
Stock Exchange ◽  
Mining Industry ◽  
Oil Prices ◽  
Independent Variables ◽  
Mining Companies ◽  
Stock Price Index

This study aims to determine how the influence of inflation, exchange rates, interest rates, and world oil prices on the mining industry stock price index in the period 2012-2015. The object in the 2012-2015 research period is mining companies on the Indonesia Stock Exchange. The population used in this study were 31 mining companies and was based on a purposive sampling method which produced a sample of 11 companies. The dependent variable is represented by the mining industry stock price index, while the independent variables in this study are inflation, exchange rates, interest rates, and world oil prices. Partially the results of this study indicate that during the 2012-2015 period the variable exchange rates and world oil prices affected the mining industry's stock price index, while inflation and interest rates did not affect the stock price index mining industry. Simultaneously shows the influence of independent variables on the mining industry stock price index.

Kajian Ekspor Impor dan Variabel Makro Ekonomi terhadap Pergerakan Harga Saham Pertanian

2021 ◽  
Vol 18 (2) ◽  
pp. 114-127
Author(s):  
Irianto Irianto ◽  
Baiq Kisnawati ◽  
Istiarto Istiarto ◽  
Zulkarnaen Zulkarnaen
Keyword(s):  
Interest Rates ◽  
Stock Price ◽  
Price Index ◽  
Agricultural Sector ◽  
Stock Exchange ◽  
Sampling Technique ◽  
Coefficient Of Determination ◽  
Insignificant Effect ◽  
Negative Effect ◽  
Stock Price Index

This study aims to examine the effect of exports, imports and macroeconomic variables on the movement of the stock price index of the agricultural sector listed on the Indonesia Stock Exchange. The sampling technique used was a saturated sample. The research data were secondary data for the 2000-2019 observation period. Data were analyzed using Multiple Linear Regression with SPSS application. Hypothesis testing was carried out by t-test for partial testing and testing the coefficient of determination. The results showed that partially the export variable had a positive and insignificant effect, imports had a positive and insignificant effect, the rupiah exchange rate had an insignificant negative effect, inflation had a non-significant positive effect, and bank interest rates had an insignificant negative effect on the stock price index of the agricultural sector. The ability of the independent variable is only able to explain 50.60% of the stock price of the agricultural sector, the remaining 49.40% is influenced by other variables outside the model. This means that the variables studied in this study are not sufficient to explain the dependent variable, so that potential investors are strongly encouraged to consider other variables before making investment decisions

scholarly journals Pengaruh Variabel Makro Ekonomi Terhadap Indeks Harga Saham LQ-45 Di Bursa Efek Indonesia

SOROT ◽  
2021 ◽  
Vol 16 (2) ◽  
pp. 85
Author(s):  
Hamzah Hamzah ◽  
Devi Valeriani ◽  
Andi Yusfany
Keyword(s):  
Exchange Rate ◽  
Interest Rates ◽  
Foreign Exchange ◽  
Stock Price ◽  
Price Index ◽  
Stock Exchange ◽  
Linear Regression Analysis ◽  
Foreign Exchange Reserves ◽  
Quantitative Research Methods ◽  
Stock Price Index

Bursa Efek Indonesia merupakan lembaga yang memfasilitasi perdagangan efek di Indonesia. Saham merupakan salah satu instrumen investasi yang memberikan imbal hasil yang cenderung meningkat setiap tahunnya. Penelitian ini bertujuan untuk menganalisis pengaruh variabel makro ekonomi dari suku bunga, nilai tukar, cadangan devisa, dan harga emas terhadap indeks harga saham LQ-45 di Bursa Efek Indonesia. Metode penelitian yang digunakan adalah metode penelitian kuantitatif dengan teknik analisis regresi linear berganda. Hasil penelitian menunjukkan bahwa secara parsial suku bunga memiliki pengaruh yang negatif signifikan terhadap indeks harga saham LQ-45. Nilai tukar memberikan pengaruh positif serta signifikan terhadap indeks harga saham LQ-45. Cadangan devisa berpengaruh positif signifikan terhadap indeks harga saham LQ-45. Sedangkan harga emas memberikan pengaruh yang negatif namun tidak signifikan terhadap indeks harga saham LQ-45. Hasil pengujian secara simultan, menemukan bahwa suku bunga, nilai tukar, cadangan devisa, dan harga emas berpengaruh signifikan terhadap indeks harga saham LQ-45.The Indonesia Stock Exchange is an institution that fasilitates securities trading in Indonesia. Stocks are an investment instrument that provides returns Which tend to increase every year. This study aims to analyze the effect of macroeconomic variables from interest rates, exchange rates,  foreign exchange reserves, and gold prices on the LQ-45 stock price index on the Indonesia Stock Exchange. Quantitative research methods aplied with multiple linear regression analysis techniques. The results showed that partially interest retes have a significant negative effect on the LQ-45 stock price index. The exchange rate has a positive and significant impact on the of LQ-45 stock price index. Foreign exchange reserves have a significant positive effect on the LQ-45 stock price index. Meanwhile, the price of gold has a negative but insignificant effect on the LQ-45 stock price index. The simultaneous test results found that interest rates, exchange rate, foreign exchange, and gold price have a significant effect on the LQ-45 stock price index.

MODELING THE INTERACTIONS OF STOCK PRICE AND EXCHANGE RATE IN MALAYSIA

2009 ◽  
Vol 54 (04) ◽  
pp. 605-619 ◽  
Author(s):  
MOHD TAHIR ISMAIL ◽  
ZAIDI BIN ISA
Keyword(s):  
Exchange Rate ◽  
Exchange Rates ◽  
Stock Prices ◽  
Stock Price ◽  
Price Index ◽  
Composite Index ◽  
Regime Shifts ◽  
Var Model ◽  
Vector Autoregressive ◽  
Stock Price Index

After the East Asian crisis in 1997, the issue of whether stock prices and exchange rates are related or not have received much attention. This is due to realization that during the crisis the countries affected saw turmoil in both their currencies and stock markets. This paper studies the non-linear interactions between stock price and exchange rate in Malaysia using a two regimes multivariate Markov switching vector autoregression (MS-VAR) model with regime shifts in both the mean and the variance. In the study, the Kuala Lumpur Composite Index (KLCI) and the exchange rates of Malaysia ringgit against four other countries namely the Singapore dollar, the Japanese yen, the British pound sterling and the Australian dollar between 1990 and 2005 are used. The empirical results show that all the series are not cointegrated but the MS-VAR model with two regimes manage to detect common regime shifts behavior in all the series. The estimated MS-VAR model reveals that as the stock price index falls the exchange rates depreciate and when the stock price index gains the exchange rates appreciate. In addition, the MS-VAR model fitted the data better than the linear vector autoregressive model (VAR).

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