scholarly journals The Effect of Economic Growth, Inflation Rate, and Interest Rates of Bank Indonesia on the Composite Stock Price Index on the Indonesia Stock Exchange for the 2015-2019 Period

2021 ◽  
Vol 11 ◽  
Author(s):  
Ahmad Firdausi Akmal Al Haytami ◽  
Heri Widodo
Keyword(s):  
Economic Growth ◽  
Interest Rates ◽  
Stock Price ◽  
Price Index ◽  
Inflation Rate ◽  
Stock Exchange ◽  
Validity And Reliability ◽  
Macroeconomic Factors ◽  
Stock Price Index ◽  
The Interest Rate

Generally, investors use the Composite Stock Price Index (IHSG) as a parameter of stock performance listed on the Indonesian stock exchange. One of the factors that can affect the IHSG is macroeconomic factors such as economic growth, inflation, and interest rates. This study aims to determine the effect of economic growth, inflation rate, and interest rates of Bank Indonesia on the IHSG. The population and sample in this study are quarterly economic growth, inflation, Bank Indonesia interest rates, the monthly Composite Stock Price Index (IHSG) from 2015-2019. Testing the hypothesis of this study using validity and reliability tests with the SmartPLS version 3 application. The results showed that the variables of economic growth and inflation had no significant effect on the Composite Stock Price Index (IHSG). Meanwhile, the interest rate variable of Bank Indonesia has a significant effect on the IHSG.

scholarly journals FAKTOR MAKRO EKONOMI DAN INDEKS HARGA SAHAM GABUNGAN

2017 ◽  
Vol 16 (1) ◽  
pp. 1
Author(s):  
Rohmad Fuad Armansyah
Keyword(s):  
Interest Rates ◽  
Money Supply ◽  
Capital Market ◽  
Stock Price ◽  
Price Index ◽  
Stock Exchange ◽  
Composite Index ◽  
Stock Price Index ◽  
The Interest Rate ◽  
The Capital Market

ABSTRACTrequired in the economic development of a country. Indonesia’s capital markets that began operating government took steps to make the capital market as a distributor of funds and investments equivalentto bank and non-bank institutions. Stock price of the capital market are closely related to several factors, which may consist of a factor derived from the company’s internal and external. This study tried to examine the factors that affect stock price index focuses on macro economic factors. In this study the authors wanted to determine the effect of the money supply, interest rates on deposits, and dollar exchange rates simultaneously and partially on the Composite Index in Indonesian capital market. Besides that, the authors also wanted to know that among the factors mentioned above, there are some factors dominantly affecting the Composite Stock Price Index. The approach used in this study is quantitative approach, because the existing data in the form of numbers are arranged in a list. The analysis method used in this study is the method of statistical analysis by multiple linear regression using SPSS version 16. Population and sample used in this study are all companies listed on the Indonesian stock exchange by looking at the composite stock price index. The results of this study indicate that the interest rate of deposits, money supply, and the dollar exchange rate which  change and development of the Composite Stock Price Index and the money supply, are dominant Composite Stock Price Index.

scholarly journals PENGARUH LAJU PERTUMBUHAN INFLASI, HARGA MINYAK DUNIA DAN DOW JONES INDUSTRIAL AVERAGE TERHADAP INDEKS HARGA SAHAM GABUNGAN YANG TERDAFTAR DI BURSA EFEK INDONESIA PERIODE 2007-2011

2018 ◽  
Vol 2 (2) ◽  
pp. 176
Author(s):  
Rully Putra Surya Pratama ◽  
Indah Kurniawati
Keyword(s):  
Stock Price ◽  
Price Index ◽  
Inflation Rate ◽  
Stock Exchange ◽  
Oil Price ◽  
Independent Variables ◽  
Analysis Technique ◽  
Dow Jones Industrial Average ◽  
Independent Variable ◽  
Stock Price Index

This research attempts to influence the inflation growth, the oil price dow jones industrial average to Composite Stock Price Index which is registred in indonesian stock exchange in the period of 2007-2011. The population in this research was the whole index in indonesian stock exchange (ISE). The sample was taken based on sampling purpodive. The data analysis technique used double linier regression. The dependent variable in this research was the growth of Composite Stock Price Index, while the independent variable was the inflation growth, the oil price and dow jones industrial average. The results of this research showed that the almost dependent variable used had effects for the growth of Composite Stock Price Index. The inflation rate growth variable did not have effects on Composite Stock Price Index growth, while the oil price rate variable and dow jones industrial average had effects on Composite Stock Price Index growth. Simultaneously, the independent variables examinedhere had effects on Composite Stock Price Index growth.

scholarly journals HE IMPACT OF INFLATION, CERTIFICATE OF BANK INDONESIA, AND EXCHANGE RATE OF IDR/USD ON THE INDONESIA COMPOSITE STOCK PRICE INDEX

2017 ◽  
Vol 1 (1) ◽  
pp. 42
Author(s):  
Margarita Ekadjaja ◽  
Daisy Dianasari
Keyword(s):  
Time Series ◽  
Exchange Rate ◽  
Stock Price ◽  
Price Index ◽  
Inflation Rate ◽  
Stock Exchange ◽  
Monthly Data ◽  
Macroeconomic Variables ◽  
Research Population ◽  
Stock Price Index

This research is done with the aim to know whether some macroeconomic variables, which are inflation rate, certificate of Bank Indonesia (SBI) rate, and exchange rate of IDR/USD have an impact on the movement of the composite stock price index (IHSG) at the Indonesia stock exchange (BEI) partially and simultaneously in the period of 2006–2014. The research population is inflation rate, SBI rate, and exchange rate of IDR/USD. Data analysis in this research is multiple regression by using time series monthly data of 2006–2014. Research results show that partially inflation rate gives positive significant impact on IHSG, SBI rate has negative significant impact on IHSG, and exchange rate of IDR/USD has positive significant impact on IHSG.  Simultaneously it shows that inflation, SBI rate, and exchange rate of IDR/USD have an impact on IHSG at BEI to the period of year 2006 – 2014.  Those variables affect IHSG by 58,74%, while other variables affect IHSG by 41,26%.  That information can be used by investors to make decision on their investment.Keywords: inflation, SBI, exchange rate, IHSG, BEI.

scholarly journals ANALISIS FAKTOR-FAKTOR YANG MEMPENGARUHI INDEKS HARGA SAHAM GABUNGAN DI BURSA EFEK INDONESIA PERIODE

2020 ◽  
Vol 5 (1) ◽  
pp. 1
Author(s):  
Dwi Purwaningsih ◽  
Tina Sulistiyani
Keyword(s):  
Interest Rates ◽  
Money Supply ◽  
Stock Price ◽  
Price Index ◽  
Stock Exchange ◽  
Linear Regression Analysis ◽  
Secondary Data ◽  
Multiple Linear Regression Analysis ◽  
Analysis Tool ◽  
Stock Price Index

This study aims to determine the effect of the money supply, inflation, and SBI interest rates partially and simultaneously on the composite stock price index on the Indonesia Stock Exchange (BEI) in 2012-2014, the type of data and data sources used in this study are data secondary data from the Bank Indonesia Annual Report, the Indonesian Ministry of Trade Institute, and Exchange Corner Financial Data. To analyze the data of this study used a multiple linear regression analysis tool that aims to determine the effect of the money supply, inflation, and SBI interest rates on the Composite Stock Price Index using SPSS statistical tools. Based on this research, the research method used in the first hypothesis is the Statistical t test and the second is the Statistical F test. Based on the results of this study indicate that the variable Money Supply has a significant effect on the Composite Stock Price Index. For the inflation variable does not have a significant effect on the Composite Stock Price Index. And the SBI Interest Rate variable has a significant effect on the Composite Stock Price Index. Together these three independent variables (Amount of Money Supply, Inflation, SBI Interest Rates) have a significant influence on the dependent variable (Composite Stock Price Index).

scholarly journals Effect of Composite Stock Price Index, Exchange Rate and Interest Rate Share Price of Mining Companies Listed in Indonesia Stock Exchange

2017 ◽  
Author(s):  
Imaduddin Murdifin ◽  
Suriyanti Andi Mangkona
Keyword(s):  
Exchange Rate ◽  
Interest Rates ◽  
Stock Prices ◽  
Stock Price ◽  
Price Index ◽  
Stock Exchange ◽  
Secondary Data ◽  
Share Price ◽  
Mining Companies ◽  
Stock Price Index

This study aimed to examine the effect of Composite Stock Price Index (Composite Stock Price Index (CSPI)), the exchange rate, and interest rates on stock prices of mining companies listed in Indonesia stock Exchange. This research is associative with quantitative approach. Data were analyzed using panel data regression. The data used is secondary data such as financial data, and the percentage of monthly interest rates over the last three years. The collection of data taken with documentation techniques derived from published reports of Bank Indonesia and the Indonesia Stock Exchange. Sampling was done by purposive sampling with the number nine companies. The results showed that the CSPI and interest rates but not significant positive effect on stock prices. The rupiah exchange rate and significant negative effect on stock prices. Simultaneously the composite stock price index, the rupiah exchange rate, and interest rates have a significant effect on stock prices of mining companies listed on the Indonesia Stock Exchange

scholarly journals PENGARUH INFLASI, SUKU BUNGA, DAN NILAI TUKAR KURS DOLLAR (USA) TERHADAP INDEKS HARGA SAHAM LQ45 DI BURSA EFEK INDONESIA (PERIODE 2014-2018)

2021 ◽  
Vol 9 (1) ◽  
pp. 46
Author(s):  
Andita Meilasari
Keyword(s):  
Exchange Rate ◽  
Data Analysis ◽  
Interest Rate ◽  
Linear Regression ◽  
Interest Rates ◽  
Stock Price ◽  
Price Index ◽  
Stock Exchange ◽  
Analysis Techniques ◽  
Stock Price Index

This study aims to determine the effect of inflation, interest rates, and the exchange rate of the dollar (USA) on the LQ45 stock price index. Data collection techniques are a method of Documentation. For test instruments using classic assumption tests and tests Statistics. Data analysis techniques using some linear regression for variables using four variables, test F and test t. The results showed that variable inflation (X1), interest rate (X2), and exchange rate (X3) simultaneously LQ45 stock price index on the Indonesia Stock Exchange (Y).

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 Analysis of Global Stock Exchange Index, Foreign Exchange Rate, Interest Rate and Inflation Rate Influences CSPI in Indonesia Stock Exchange (Period of January 2014 – 2015)

2019 ◽  
Vol 4 (6) ◽  
Author(s):  
Dahlia Br. Pinem
Keyword(s):  
Exchange Rate ◽  
Interest Rate ◽  
Interest Rates ◽  
Stock Price ◽  
Price Index ◽  
Stock Exchange ◽  
Developed Countries ◽  
Stock Index ◽  
Stock Price Index ◽  
Global Stock

The economics of one country with other countries are interconnected because of the business relationship, especially since the developed countries greatly affect the economics of developing countries, so that the stock market in developed countries such as Dow Jones (DJIA) index, Footsie London Index (FTSE), Singapore Index (STI), Tokyo Nikkei Index (N225), Korea KOSPI Index (KS11), Hang Seng Hongkong Index (HSI) affect the Composite Stock Price Index (CSPI). The purpose of this study is to determine the influence of global stock indices on the Composite Stock Price Index (CSPI). In addition to the global macroeconomics index of Indonesia's Stock Index like the US Dollar against the rupiah, interest rates greatly affect the Composite Stock Price Index. The method of the sample research was conducted by judgment sampling. Hypothesis testing in this research is conducted by Multiple Regression. The results obtained simultaneously (F test) variables (FTSE, Dow Jones index, STI, KS 11, Hangseng, Nikkei 225, Dollar/USD exchange rate, interest rate, Inflation) have a significant effect on CSPI. Yet, only partially variable interest rate is not significant, while the other partially affects the CSPI.

scholarly journals Pengaruh PDB, Inflasi, Tingkat Suku Bunga dan Nilai Tukar Rupiah terhadap Indeks Harga Saham JAKPROP yang Terdaftar di Bursa Efek Indonesia

2019 ◽  
Vol 1 (1) ◽  
pp. 100
Author(s):  
Chendra Gunawan ◽  
Carunia Mulya Firdausy
Keyword(s):  
Exchange Rate ◽  
Real Estate ◽  
Interest Rates ◽  
Stock Price ◽  
Price Index ◽  
Stock Exchange ◽  
Least Square ◽  
Share Prices ◽  
Real Estate Sector ◽  
Stock Price Index

This research aims to find out and analyze the effects of variable GDP, Inflation, Interest rates, Exchange rate on share prices of listed property sector in Indonesia Stock Exchange. The object population in this study is a company incorporated in the listed Property & Real Estate Index sector (JAKPROP) in Indonesia Stock Exchange (BEI) from 2008 to 2017. This study uses Ordinary Least Square analysis to determine the effect of independent variables on the Property & Real Estate Index sector JAKPROP. Based on t test, GDP is significant, Inflation is not significant and BI Interest rate is significant effect, while the variable Exchange rate have a significant effect on property and Real Estate sector stock price index. Results simultaneously with the F test showed that all the independent variable significantly influenced on the stock price index Property & Real Estate sector. So, the result is the independen variable GDP, Bi-rate & Exchange-rate has an influence effect on the stock price index of listed Property & Real Estate sector JAKPROP in Indonesia Stock Exchange. 

scholarly journals PENGARUH EKONOMI MAKRO TERHADAP INDIKATOR PERGERAKAN (INDEKS) HARGA SAHAM

2020 ◽  
Vol 32 (02) ◽  
pp. 134-144
Author(s):  
Yusup Hari Subagya
Keyword(s):  
Exchange Rate ◽  
Interest Rates ◽  
Stock Prices ◽  
Stock Price ◽  
Price Index ◽  
Stock Exchange ◽  
Linear Regression Analysis ◽  
Significance Level ◽  
Stock Price Index ◽  
The Exchange Rate

The purpose of this research activity is to find out how the macroeconomic influence on the indicators of movement (index) of stock prices on the IDX. The research method uses multiple linear regression analysis and in the form of quantitative descriptive data, sampling with a sampling technique in the form of purposive sampling from publication data from 2009-2019. The results showed that inflation and interest rates have a significant effect on the stock price index on the Indonesia Stock Exchange, inflation with a significance level of 0.007 < 0.05 for the interest rate with a significance level of 0.000 < 0.05 and the exchange rate with a significance level of 0.126 > 0 , 05 then the exchange rate has no significant effect on the stock price index on the Indonesia Stock Exchange. Simultaneously, inflation, interest rates and exchange rates have a significant effect on the stock price index on the Indonesia Stock Exchange.

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