scholarly journals Analysis of the effect on inflation, interest rate, dow jones Islamic Malaysia Index and profitability on stock prices as selected as Indonesia Sharia Stock Index

2020 ◽  
Vol 2 (2) ◽  
pp. 259
Author(s):  
Sofyan Halim
Keyword(s):  
Interest Rate ◽  
Interest Rates ◽  
Stock Prices ◽  
Stock Exchange ◽  
Significance Test ◽  
Stock Index ◽  
Coefficient Of Determination ◽  
Return On Assets ◽  
Jones Index ◽  
Inflation Rates

<p class="IABSSS"><strong>Purpose</strong> - The purpose of this study was to analyze what influences the change in the ISSI price index. The analysis was based on the phenomena and hypotheses that occur in the capital market by examining whether there is an influence of inflation rates, interest rates, and the Dow Jones Islamic Malaysia Index as external factors, as well as profitability such as Return on Assets and Earning per Share as internal factors that have an influence on changes and fluctuations in the Sharia Stock Index.</p><p class="IABSSS"><strong>Method </strong>- The population in this study are all stocks that are encoded in the Indonesia Sharia Stock Index (ISSI) listed on the Indonesia Stock Exchange. Based on the Sharia Stock Exchange and the number of shares indexed by ISSI was 408 shares which shares were classified into 11 types of business. The study was conducted by analyzing multiple regression with t-test, significance test, F test, and classical assumption test.</p><p class="IABSSS"><strong>Result</strong> - Based on the research results of bank interest rates and the Dow Jones Islamic Malaysia Index which affect stock prices indexed as Indonesia Sharia Stock, the two variables are the external influence of the issuers of the shares. And the majority of these stock prices are strongly influenced by variable factors not examined.</p><p class="IABSSS"><strong>Implication</strong> - This research indicates that the factors that influence stock prices indexed as Islamic stocks in Indonesia, the analysis of the coefficient of determination is not significant at 0.6%, to find out other factors, other variables are needed for further research.</p><strong>Originality </strong> - This research is a continuation of previous research but uses different variables from previous researches, where the dependent variable is stock prices indexed as Indonesian Islamic stocks and the independent variable is the inflation rate, interest rate, and the Malaysian Islamic Dow Jones Index as factors.

scholarly journals Pengaruh Tingkat Suku Bunga, Inflasi Dan Nilai Kurs Terhadap Harga Saham Perusahaan Perhotelan Yang Terdaftar Di Bursa Efek Indonesia Per Triwulannya Periode 2016-2018

2021 ◽  
Vol 4 (2) ◽  
pp. 871-877
Author(s):  
Rahmat Dewa Bagas Nugraha ◽  
H.M Nursito
Keyword(s):  
Exchange Rate ◽  
Interest Rate ◽  
Exchange Rates ◽  
Interest Rates ◽  
Quantitative Study ◽  
Stock Prices ◽  
Stock Exchange ◽  
Secondary Data ◽  
Ratio Analysis ◽  
The Interest Rate

This study aims to determine and analyze the factors that affect stock prices through appropriate ratio analysis. As for the ratio of interest rates, inflation and exchange rates. Researchers want to know and analyze the effect partially or simultaneously between interest rates, inflation, and exchange rates on stock prices. This research is a quantitative study using secondary data. The object of this research is hotel companies listed on the Indonesia Stock Exchange for the period 2016-2018. The sample used in this study were 3 hotel with certain characteristics. The results of research simultaneously using the F test show that there is no influence between interest rates, inflation and exchange rates on stock prices because the calculated value is smaller than the table. Partially with the t test it can be concluded that there is no influence between interest rates on stock prices because the tcount value in the interest rate variable is smaller than the t table. Likewise, the t calculation of inflation and the exchange rate is smaller than the t table, so that there is no partial effect of the two variables on stock prices. Keywords: Stock Prices, Interest Rates, Inflation and Exchange Rates

scholarly journals Pengaruh Inflasi dan Suku Bunga dan Nilai Tukar Rupiah serta Jumlah Uang Beredar terhadap Return Saham

FORUM EKONOMI ◽  
2018 ◽  
Vol 19 (2) ◽  
pp. 148
Author(s):  
La Rahmad Hidayat ◽  
Djoko Setyadi ◽  
Musdalifah Azis
Keyword(s):  
Exchange Rate ◽  
Interest Rate ◽  
Interest Rates ◽  
Stock Returns ◽  
Money Supply ◽  
Stock Exchange ◽  
Significant Variable ◽  
Inflation Rates ◽  
Negative Effect ◽  
Relationship Of

This research is to examine the effect of inflation, interest rate, exchange rate and money supply on stock returns LQ 45 listed on the Indonesia Stock Exchange. The object of this research is the return - shares out of the category LQ 45 years of research by 2010-2015. Its Sampling using purposive sampling and get the 24 stocks that meet the criteria of 45 stocks LQ 45 as a sample. Thus, the number of samples studied was 144 shares for 6 years. The method used is multiple linear regression analyzes that examine whether or not a significant variable - the independent variable on the dependent variable. Based on the results known that R indicates that there is an ideal relationship of Inflation, Interest Rate, Exchange Rate and Money Supply toward to Return shares in LQ 45. R square indicates that the variable inflation rates, interest rates, the value of exchange rate and the money supply can explain the variable return shares at LQ 45 index. Based on F test indicates the same that the variable inflation rate, interest rate, exchange rate and money supply have a significant influence on shares returns in LQ 45 listed on Indonesia Stock Exchange. The results of T test showed that the rate of inflation significant and negative effect on shares returns and interest rates positive and significant effect on shares returns while exchange Rate and the money supply no significant effect on shares returns in LQ 45 Listed on Indonesia Stock Exchange.Keywords: stock return, Inflation, Interest Rate, Exchange Rate, Money Supply.

scholarly journals Effect of Interest Rate on Stock Prices in Ghana

2021 ◽  
Vol 12 (1(S)) ◽  
pp. 1-7
Author(s):  
Peter Arhenful ◽  
Augustine Kwadwo Yeboah ◽  
Kofi Sarfo Adjei
Keyword(s):  
Interest Rate ◽  
Interest Rates ◽  
Stock Prices ◽  
Time Series Data ◽  
Stock Exchange ◽  
Ordinary Least Squares ◽  
Series Data ◽  
Augmented Dickey Fuller ◽  
Ghana Stock Exchange ◽  
Adf Test

The paper assesses the effect of interest rate on stock prices, with emphases on Ghana Stock Exchange; using monthly time series data from July 2007 to December 2019. The Augmented Dickey-Fuller (ADF) test was employed to establish the stationarity properties of the data or otherwise. Using the Ordinary Least Squares (OLS) estimation technique of Multiple Regression, the results (? = – 0.891, p < 0.05) revealed an indirect association between interest rates and stock prices in the Ghanaian context; which is consistent with the theoretical conclusion that an increase in interest rate results in a decrease in stock prices. Thus, in the light of this finding, it was recommended that policymakers should consider the stock market dynamics due to the significant relationship that exists between the two macroeconomic variables.

scholarly journals FAKTOR-FAKTOR YANG MEMPENGARUHI PENETAPAN MARGIN MURABAHAH PEMBIAYAAN KONSUMTIF DI BANK KALTIM SYARIAH

2014 ◽  
Vol 4 (2) ◽  
pp. 151
Author(s):  
Kenda Satya
Keyword(s):  
Interest Rate ◽  
Interest Rates ◽  
Influential Factors ◽  
Production Costs ◽  
Coefficient Of Determination ◽  
Selling Price ◽  
Multiple Linear Regressions ◽  
Return On Assets ◽  
The Interest Rate ◽  
Linear Regressions

This research was proposed to discover the influential factors on consumptive financing murabahah (a contract of sale of goods with the agreement on selling price and profit earned between the seller and the buyer) margin in Kaltim Sharia bank. The research instrument that had been used was the multiple linear regressions, correlation coefficient, coefficient of determination, as well as the classical assumption. Based on the analysis, the results showed that 1) Variable of Financing Deposit Ratio (X1), Return on Assets (X2), Inflation (X3) and the interest rate (X4) gave significant effect on murabahah margin Bankaltim Sharia (Y) simultaneously. The initial analysis confirmed that the first hypothesis was accepted and proven accurate because the value of probability was less than (<)0.05 namely 0.000; 2) Moreover, the next investigation found that inflation (X3) was the most dominant variable in this study for its Inflation beta value was more than (>)FDR beta value (X1), ROA (X2), and interest rates (X4) which means that the second hypothesis was rejected due to higher inflation would extensively increase production costs and prices of goods / services. Consequently, the purchasing power will decline and subsequently murabahah financing demand would automatically decreasing as well that ultimately results in reduced margins of murabahah.

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 EPS, ROE, ROA DAN DER TERHADAP HARGA SAHAM PADA PERUSAHAAN SUB SEKTOR SEMEN YANG TERDAFTAR DI BEI

2016 ◽  
Vol 2 (1) ◽  
pp. 1-22
Author(s):  
Asep Alipudin
Keyword(s):  
Stock Prices ◽  
Stock Exchange ◽  
T Test ◽  
Coefficient Of Determination ◽  
Test Results ◽  
Return On Assets ◽  
Return On Equity ◽  
Earnings Per Share ◽  
Equity Ratio ◽  
Positive Effect

The purpose of this study was to determine the effect of earnings per share (EPS), return on equity (ROE), return on assets (ROA) and debt to equity ratio (DER) to the price of shares in the sub-sector of cement which is listed on the Stock Exchange simultaneously. There is also the test used is the classic assumption test, test the coefficient of determination, t test, and F test results show earnings per share (EPS), return on equity (ROE), return on assets (ROA) and debt to equity ratio (DER) jointly positive effect on stock prices at a cement company listed on the Indonesia stock Exchange (BEI) in the period 2010-2014.Keywords: Earning per Share (EPS), Return on Equity (ROE), Return on Assets (ROA), dan Debt to Equity Ratio (DER)

scholarly journals DID MICROECONOMIC AND MACROECONOMIC FACTORS AFFECT STOCK PRICES?

2020 ◽  
Vol 14 (2) ◽  
pp. 281-295
Author(s):  
Fenty Fauziah ◽  
Bun Yamin ◽  
Fitria Rahmah
Keyword(s):  
Interest Rates ◽  
Stock Prices ◽  
Stock Exchange ◽  
Profit Margin ◽  
Economic Factors ◽  
Manufacturing Companies ◽  
Return On Assets ◽  
Macroeconomic Factors ◽  
Net Profit ◽  
Equity Ratio

This study to analyze and explain the factors that influence stock prices. The object of this research is the automotive and components sub sector manufacturing companies sector on the Indonesia stock exchange for periode 2010-2018. The variables used in this study are stock prices, micro economic factors and macro economic factors. Micro economic factors are projected by Debt to Equity Ratio (DER), Gross Profit Margin (GPM), Net Profit Margin (NPM), Price Earning Ratio (PER) and Return on Assets (ROA). Macro economic factors used as variables are inflation (INF), interest rates (INT) and Gross Domestic Product (GDP). Data analysis and hypothesis testing were carried out using the SmartPLS 3.0 program. The results of the study indicate that stock prices are determined by microeconomic factors projected by Net Profit Margin (NPM). Companies must keep trying to make a profit so that stock prices remain good, so investors are still interested in owning shares.

scholarly journals Do Interbank Interest Rates Matter for Stock Prices at Nepal Stock Exchange?

Pravaha ◽  
2020 ◽  
Vol 26 (1) ◽  
pp. 165-170
Author(s):  
Rajesh Gurung
Keyword(s):  
Interest Rate ◽  
Interest Rates ◽  
Stock Prices ◽  
Stock Price ◽  
Stock Exchange ◽  
Distributed Lag ◽  
Long Run ◽  
Auto Regressive ◽  
The Interest Rate ◽  
Bound Test

This study examines an auto-regressive distributed lag (ADRL) modeling approach to develop the relationship between the stock price and interest rate in the context of Nepal, using the monthly data for the period from July 1996 to January 2019. NEPSE Index in Nepal Stock Exchange Limited is used for the stock prices and interbank interest rate released in Quarterly Economic Bulletin of Nepal Rastra Bank is used for the interest rate. The bound test for co-integration and estimated negative coefficient of long-run regression results justified by the Error Correction Mechanisms (ECM) establishes a valid negative long-run association between the INTEREST and PRICE. This suggests important considerations for policies towards an interest rate stabilization for the stock price stability and further development of the stock market in Nepal.

scholarly journals PENGARUH EPS, ROE, ROA DAN DER TERHADAP HARGA SAHAM PADA PERUSAHAAN SUB SEKTOR SEMEN YANG TERDAFTAR DI BEI

2016 ◽  
Vol 2 (1) ◽  
pp. 1-22
Author(s):  
Asep Alipudin
Keyword(s):  
Stock Prices ◽  
Stock Exchange ◽  
T Test ◽  
Coefficient Of Determination ◽  
Test Results ◽  
Return On Assets ◽  
Return On Equity ◽  
Earnings Per Share ◽  
Equity Ratio ◽  
Positive Effect

The purpose of this study was to determine the effect of earnings per share (EPS), return on equity (ROE), return on assets (ROA) and debt to equity ratio (DER) to the price of shares in the sub-sector of cement which is listed on the Stock Exchange simultaneously. There is also the test used is the classic assumption test, test the coefficient of determination, t test, and F test results show earnings per share (EPS), return on equity (ROE), return on assets (ROA) and debt to equity ratio (DER) jointly positive effect on stock prices at a cement company listed on the Indonesia stock Exchange (BEI) in the period 2010-2014.Keywords: Earning per Share (EPS), Return on Equity (ROE), Return on Assets (ROA), dan Debt to Equity Ratio (DER)

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