scholarly journals DAMPAK FAKTOR INTERNAL DAN EKSTERNAL TERHADAP HARGA SAHAM SEKTOR INFRASTRUKTUR

2020 ◽  
Vol 4 (1) ◽  
Author(s):  
Bonita Restu Dwijayati ◽  
Robiyanto Robiyanto
Keyword(s):  
Interest Rates ◽  
Stock Price ◽  
Quantitative Methods ◽  
Stock Exchange ◽  
Sample Selection ◽  
Sampled Data ◽  
Negative Effect ◽  
The Interest Rate ◽  
Internal And External Factors ◽  
The Impact

This research aims to test the impact of internal and external factors both simultaneously and partially against the stock price of infrastructure sectors. Research using quantitative methods. The population in this study is the entire infrastructure, utilities and transportation company listed on the Indonesia Stock Exchange in the period 2014-2018. The sample selection technique is using the purposive sampling method. Based on predefined criteria, acquired 30 companies are being sampled. Data analysis techniques use a regression analysis of data panels. The results showed that the simultaneous variables of the DPR, NPM, CCC and interest rates had significant effect on the stock price of infrastructure sectors. As for the partial, the variables of the DPR and NPM positively influence insignificant against the stock price. On the other hand the CCC variables have significant negative effect on the stock price and the interest rate is significantly positive against the stock price.

APAKAH FAKTOR EKSTERNAL MEMPREDIKSI UNDERPRICING LEBIH BAIK DIBANDINGKAN FAKTOR INTERNAL? STUDI INITIAL PUBLIK OFFERING DI BEI TAHUN 2009-2017

2020 ◽  
Vol 7 (1) ◽  
Author(s):  
Saefudin Saefudin ◽  
Tri Gunarsih
Keyword(s):  
Interest Rates ◽  
Initial Public Offering ◽  
Stock Exchange ◽  
Sample Selection ◽  
Secondary Data ◽  
Secondary Market ◽  
Company Size ◽  
Negative Effect ◽  
Underwriter Reputation ◽  
Public Offering

Underpricing is a phenomenon that still occurs in the Indonesian capital market, where the offering price of shares in the primary market is lower than the opening price or closing price on the first day on the secondary market. This study aims to examine the effect of Return On Assets (ROA), Debt to Equity Ratio (DER), company size, underwriter reputation, age, and interest rates on the underpricing of shares in companies’s Initial Public Offering (IPO) listing on the Indonesia Stock Exchange (BEI) in 2009 to 2017. The population in this study are companies that conduct IPOs on the BEI period 2009 to 2017. The sample selection in this study uses a purposive sampling method, based on certain criteria. The sample in this study were 183 underpricing companies from 205 companies conducting IPO in the period 2009 to 2017. The data used in this study used secondary data. The multiple regression analysis was implemented in this study. The results showed that DER, company size, and underwriter reputation did not significantly influence underpricing. While ROA, age and interest rates have a significant negative effect on underpricing. In this study, investors consider ROA, age, interest rates compared to DER, company size, and the reputation of the underwriter to invest in companies that make an IPO.Keywords: Underpricing, Initial Public Offering, and Indonesian Stock Exchange.

scholarly journals PENGARUH TINGKAT INFLASI, SUKU BUNGA BI, DAN NILAI TUKAR RUPIAH TERHADAP IHSG

2021 ◽  
Vol 10 (2) ◽  
pp. 118-129
Author(s):  
Desi Ratjaya Ningsih ◽  
Nur Aida Arifah Tara ◽  
Muhdin Muhdin
Keyword(s):  
Exchange Rate ◽  
Interest Rates ◽  
Capital Market ◽  
Stock Prices ◽  
Stock Price ◽  
Quantitative Methods ◽  
Price Index ◽  
Market Conditions ◽  
Negative Effect ◽  
The Relationship

The Composite Stock Price Index (IHSG) is a description of information regarding the movements of all stock prices that affect capital market conditions and produce a trend. There are three factors that mainly influence the IHSG, namely inflation, BI interest rates, and the rupiah exchange rate. The purpose of this study was to examine the relationship between inflation, BI interest rates, rupiah exchange rate and the IHSG in the period of 2016-2020. The method in this research used quantitative methods. The results showed that inflation and BI interest rates have a negative and insignificant effect on the IHSG, while the Rupiah exchange rate has a significant negative effect on the IHSG.Keywords :IHSG, Inflasi, Suku Bunga BI, Nilai Tukar Rupiah

scholarly journals PENGARUH EPS, PER, CR DAN ROE TERHADAP HARGA SAHAM DI BURSA EFEK INDONESIA

2018 ◽  
Vol 7 (4) ◽  
pp. 2106 ◽  
Author(s):  
Pande Widya Rahmadewi ◽  
Nyoman Abundanti
Keyword(s):  
Stock Prices ◽  
Stock Price ◽  
Sampling Method ◽  
Stock Exchange ◽  
Participant Observation ◽  
Supply And Demand ◽  
Sampled Data ◽  
Automotive Company ◽  
Negative Effect ◽  
Observation Method

The stock price is determined by the supply and demand of the stock itself. The more people who buy the stock then the stock price tends to move up and on the contrary more and more people are selling the stock then the stock price tends to move down. The purpose of this study is to analyze the significance of EPS, PER, CR, and ROE effects on stock prices. This research was conducted at Automotive Company and Component which listed in Indonesia Stock Exchange (BEI) period 2012-2016. The number of samples of this study is 12 companies, with saturated sampling method that is all the population sampled. Data collection was done by non participant observation method. Based on the analysis results found that EPS, PER, CR, and ROE simultaneously have a significant effect on stock prices. Partially, PER has positive and significant influence to stock price, it shows that investors pay attention to PER in order to make a divestment. The higher the PER will be the higher the investor's interest in investing in the company, so the stock price will go up. While the partial EPS, CR, and ROE have a negative effect on stock prices this shows that investors do not see EPS, CR, and ROE as a decision to buy shares.

scholarly journals Bubble Detection and the Impact of Monetary Policy, Market Sentiment and Market Liquidity on Property Stock Price Index in Indonesia

2021 ◽  
Vol 9 (8) ◽  
pp. 75-86
Author(s):  
Sunita Dasman
Keyword(s):  
Exchange Rate ◽  
Interest Rates ◽  
Stock Price ◽  
Price Index ◽  
Stock Exchange ◽  
Market Liquidity ◽  
Stock Index ◽  
Market Sentiment ◽  
Stock Price Index ◽  
The Impact

The purpose of this study is to detect the existence of a bubble stock and analyze the impact of monetary policy, market sentiment and liquidity on the property stock index in the Indonesian capital market. The data used in this study is secondary data originating from various sources for the period 2016 – 2020 using multiple linear regressions. The bubble stock detection is done by using the ratio between the property stock price index and the consumer nutrient index. The results showed that there was an indication of a moderate bubble stock in the property stock index during the research period 2016 – 2020. The factors that impacted the property stock price index were interest rates, the rupiah exchange rate against the US dollar, market sentiment and market liquidity. The increase in interest rates, the rupiah exchange rate, and market sentiment and liquidity has an impact on the increase in the property stock price index on the Indonesian stock exchange for the 2016 – 2020 periods. Keywords: Bubble Stock, Exchange Rate, Interest Rate, Inflation, Market Sentiment, Market Liquidity

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 Faktor Makro Ekonomi Yang Mempengaruhi Pergerakan Harga Saham Pada Indeks Saham Syariah Indonesia (ISSI) di Bursa Efek Indonesia (BEI)

2015 ◽  
Vol 2 (11) ◽  
pp. 928
Author(s):  
Martien Rachmawati ◽  
Nisful Laila
Keyword(s):  
Exchange Rate ◽  
Interest Rates ◽  
Stock Price ◽  
Time Series Data ◽  
Stock Exchange ◽  
Stock Index ◽  
Series Data ◽  
Regression Result ◽  
Statistical Tool ◽  
Negative Effect

The capital market presence is such an important concern for many country because it relate to its function as economic booster through investation. This study aims to analyze macro economic factors that can affect the movement of stock price at Indonesia Sharia Stock Index in Indonesia Stock Exchange as the inflation factor, SBI interest rates and exchange rates. The method used in this research is quantitative approaches in which data is obtained from Indonesia Stock Exchange and Bank of Indonesia. The data used is the time series data starting from January 2012 to April 2015. The statistical tool used is multiple linear regression. Result showed that partially inflation is not significant and have a negative relation toward ISSI’s stock price, SBI interest rate is not significant and have a positive relation toward ISSI’s stock price, exchange rate significantly influence the stock price at Indonesia Sharia Stock Index (ISSI) and have a negative effect. Simultaneously, both variable inflation rate, SBIinterest rate and the exchange rate significantly influence the stock price’s movement at Indonesia Sharia Stock Index (ISSI).

scholarly journals Measuring the Impact of Some Macroeconomic Variables on the Stock Price Index in the Iraq Stock Exchange for the period (2006-2015)

2019 ◽  
Vol 8 (4) ◽  
pp. 93
Author(s):  
Khalil Gh. Hassan ◽  
Wafaa Sabah
Keyword(s):  
Stock Prices ◽  
Stock Price ◽  
Price Index ◽  
Stock Exchange ◽  
Consumer Price Index ◽  
Macroeconomic Variables ◽  
Long Run ◽  
Negative Effect ◽  
Stock Price Index ◽  
The Impact

This study aims at measuring the impact of some macroeconomic variables on stock prices index in the Iraqi Stock Exchange (ISX) for the monthly data from January 2006 to December 2015 based on (121) observations using the ARDL model. Results indicated that the stock price index of Iraq Stock Exchange (ISX) and macroeconomic variables are co-integrated and a long-run relationship exists between them. The long-run coefficients suggested that the consumer price index (CPI) and money supply (M2) had a negative effect while the Interest-Rate-Current Account (Over Draft) (DR) had a positive effect on the stock prices index. However, the variable exchange rate (EX) did not show significant effect on the stock prices 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 TINGKAT INFLASI, SUKU BUNGA DAN NILAI KURS DOLLAR AS TERHADAP INDEKS HARGA SAHAM GABUNGAN PADA BURSA EFEK INDONESIA (BEI) PERIODE 2011-2015

2019 ◽  
Author(s):  
Vira Yulia Viska ◽  
Aminar Sutra Dewi
Keyword(s):  
Interest Rate ◽  
Exchange Rates ◽  
Stock Price ◽  
Inflation Rate ◽  
Stock Exchange ◽  
Variable Effect ◽  
The Us ◽  
Negative Effect ◽  
Us Dollar ◽  
The Interest Rate

This research conducted to find out either simultaneously or partially the influence of the inflation rate, the interest rate and the exchange rates of the US Dollar on composite stock price indeks in Indonesia Stock Exchange. This type or research is quantitative research. Data analysis technique used is multiple linear regression using the program eviews. The results of this study indicite that : 1) inflation rate variable has negative effect that is not significant to composite stock price indeks, 2) the interest rate variable has negative effect significantly to composite stock price indeks, 3) the exchange rates of the US Dollar variable effect significantly positive to the exchange rates of the US Dollar. Determination of coefficient test result shows that the three variable used may explain the variable composite stock price indeks 40,86% while the remaining 59,14% influenced by other variables outside this research model.

scholarly journals Benarkah Suku Bunga Memengaruhi Volatilitas Pasar Saham Syariah?

2021 ◽  
Vol 2 (1) ◽  
pp. 56
Author(s):  
Septiana Indarwati
Keyword(s):  
Stock Market ◽  
Interest Rates ◽  
Stock Markets ◽  
Stock Exchange ◽  
Significant Variable ◽  
Stock Return Volatility ◽  
Distributed Lag ◽  
Autoregressive Distributed Lag ◽  
Negative Effect ◽  
The Interest Rate

AbstractThis research attempts to explore to what extent the sensitivity volatility of Islamic stock markets in Indonesia toward macroeconomics. The writer examines inflation, exchange rates, money supply (JUB), interest rates (BIRATE), and Industrial Production Index (IPI) as part of the macroeconomic variables. Meanwhile, the writer also uses Jakarta Islamic Index (JII) as the measurements for Islamic stock markets. This research uses the calculation of the stock return volatility based on the Generalized Autoregressive Conditional Heteroscedasticity (GARCH (2, 1)) combined with Regressive Distributed Lag (ARDL) analysis. The writer uses monthly data from Indonesia Stock Exchange, starting from January 2006 to December 2019 as part of the data collection. This research found that BIRATE has a negative effect on the conventional stock market while the Islamic stock market has a positive and insignificant effect on the level α = 5%.  It points out the Islamic principles that the interest rate is not a significant variable in explaining the stock market’s volatility. According to the finding of this research, the writer argues that stabilizing interest rates will not significantly impact the volatility of the Islamic stock market.AbstrakPenelitian ini mencoba untuk mengeksplorasi sejauh mana sensitivitas volatilitas pasar saham syariah di Indonesia terkait dengan ekonomi makro. Penulis menggunakan inflasi, nilai tukar rupiah, penawaran uang (JUB), suku bunga (BI rate) dan Indeks Produksi Industri (IPI) sebagai pengukuran dari ekonomi makro. Sementara itu, penulis menggunakan Jakarta Islamic index (JII) sebagai pengukuran pasar saham syariah. Penelitian ini menggunakan perhitungan volatilitas return saham dengan Generalized Autoregressive Conditional Heteroskedasticity (GARCH (2, 1) dikombinasikan dengan Analisis Autoregressive Distributed Lag (ARDL). Pengumpulan data dalam penelitian ini menggunakan data bulanan dari Bursa Efek Indonesia dari bulan Januari 2006 sampai Desember 2019. Penelitian ini menemukan bahwa, variable BI Rate tidak berpengaruh signifikan terhadap pasar saham syariah pada taraf α=5%. Ini menyoroti prinsip-prinsip Islam bahwa tingkat bunga bukanlah variabel yang signifikan dalam menjelaskan volatilitas pasar saham. Menurut temuan pada penelitian ini, penulis memberikan dukungan lebih lanjut bahwa menstabilkan suku bunga tidak akan berdampak signifikan pada volatilitas pasar saham syariah.

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