scholarly journals PENGARUH MAKRO EKONOMI DAN PEMILIHAN PRESIDEN TERHADAP INDEKS HARGA SAHAM GABUNGAN DI BURSA EFEK INDONESIA: STUDI PERIODE 2012 – 2016

AdBispreneur ◽  
2017 ◽  
Vol 1 (3) ◽  
Author(s):  
Dian Fordian
Keyword(s):  
Exchange Rate ◽  
Presidential Election ◽  
Presidential Elections ◽  
Stock Exchange ◽  
Composite Index ◽  
Coefficient Of Determination ◽  
Political Sciences ◽  
The Us ◽  
Independent Variable ◽  
Variable Exchange

THE EFFECT OF MACRO-ECONOMIC AND PRESIDENTIAL ELECTIONS TO JAKARTA COMPOSITE INDEX ON INDONESIA STOCK EXCHANGE: STUDY PERIOD 2012 - 2016 Dian FordianDepartment of Business Administration ScienceFaculty Social and Political Sciences University of PadjadjaranEmail : [email protected] ABSTRACTThis study aimed to examine the effect of macro-economic indicators of Indonesia, inflation, BI rate, the rupiah against the US dollar, as well as the 2014 presidential election on Jakarta Composite Index  (JCI) in Indonesia Stock Exchange period from February 2012 until August, 2016.Data analysis method used is multiple linear regression. The results showed that the variable inflation, BI rate, exchange rate, and presidential elections simultaneously affect JCI. Variable exchange rate and the BI rate variable partially affecting JCI. The coefficient of determination in this research is at 0.8654. The figure shows the ability of independent variables in explaining or explain the dependent variable is equal to 86.54%, while the rest is explained by other independent variable that is not included in the regression model. Keywords: JCI, inflation, BI rate, exchange rate, the presidential election  PENGARUH MAKRO EKONOMI DAN PEMILIHAN PRESIDEN TERHADAP INDEKS HARGA SAHAM GABUNGAN DI BURSA EFEK INDONESIA: STUDI PERIODE 2012 – 2016 ABSTRAKPenelitian ini bertujuan untuk menguji pengaruh  makro ekonomi Indonesia yaitu inflasi, BI rate, nilai tukar rupiah, serta pemilihan presiden tahun 2014 terhadap Indeks Harga Saham Gabungan (IHSG) di Bursa Efek Indonesia periode bulan Februari 2012 sampai dengan bulan Agustus 2016.Metode analisis data yang digunakan adalah multiple linier regression. Hasil penelitian menunjukan bahwa variable inflasi, BI rate, nilai tukar, dan pemilihan presiden secara simultan mempengaruhi IHSG. Variable nilai tukar dan BI rate secara parsial mempengaruhi variable IHSG. Nilai koefisien determinasi dalam penelitian ini adalah sebesar 0.8654. Angka tersebut menunjukkan kemampuan variabel independen dalam menjelaskan atau menerangkan variabel dependennya adalah sebesar 86.54%, sedangkan sisanya dijelaskan oleh variabel independen lainnya yang tidak dimasukan dalam model regresi. Kata kunci: IHSG, inflasi, BI rate, nilai tukar rupiah, pemilihan presiden

META-ANALYSIS ON AMERICAN PRESIDENTIAL ELECTION - 2016 AND AMERICAN STOCK MARKET

2020 ◽  
Vol 38 (1) ◽  
Author(s):  
Farhan Ahmed ◽  
Salman Bahoo ◽  
Sohail Aslam ◽  
Muhammad Asif Qureshi
Keyword(s):  
Content Analysis ◽  
Stock Market ◽  
Event Study ◽  
Presidential Election ◽  
Republican Party ◽  
Stock Exchange ◽  
Meta Analysis ◽  
Composite Index ◽  
Stock Index ◽  
Political Event

This paper aims to analyze the efficient stock market hypothesis as responsive to American Presidential Election, 2016. The meta-analysis has been done combining content analysis and event study methodology. The all major newspapers, news channels, public polls, literature and five important indices as Dow Jones Industrial Average (DJIA), NASDAQ Stock Market Composit Indexe (NASDAQ-COMP), Standard & Poor's 500 Index (SPX-500), New York Stock Exchange Composite Index (NYSE-COMP) and Other U.S Indexes-Russell 2000 (RUT-2000) are critically examined and empirically analyzed. The findings from content analysis reflect that stunned winning of Mr Trump from Republican Party worked as shock for American stock market. From event study, findings confirmed that all the major indices reflected a decline on winning of Trump and losing of Ms. Clinton from Democratic. The results are supported empirically and practically through the political event like BREXIT that resulted in shock to Global stock index and loss of $2 Trillion.

scholarly journals FAKTOR-FAKTOR YANG MEMPENGARUHIKURS RUPIAH TERHADAP YEN TAHUN 1970 - 2002: ERROR CORRECTION MODEL (ECM)

2017 ◽  
Vol 6 (2) ◽  
pp. 187
Author(s):  
Nurul Yuniataqwa Karunia ◽  
Malik Cahyadin
Keyword(s):  
Exchange Rate ◽  
Time Series Data ◽  
Series Data ◽  
Short Term ◽  
Correction Model ◽  
Monetary Approach ◽  
Independent Variable ◽  
Analyze Time Series Data ◽  
Analyze Time Series ◽  
Variable Exchange

This research aims to find out factors influencing the exchange rate of rupiah toward yen. The approach used to analyze time series data in this study is monetary approach with ECM as the chosen regression model. The year of observation was begun in 1970-2002. Based on regression which done, the result showed that there is the significant correlation between independent variable (MI,Yreal, NP1) with dependent variable (exchange rate of Rupiah fYen). The correlation happens either in long or short term.

The 2016 Election: Like 1888 but not 1876 or 2000

2018 ◽  
Vol 52 (1) ◽  
pp. 20-24 ◽  
Author(s):  
Fabrice Barthélémy ◽  
Mathieu Martin ◽  
Ashley Piggins
Keyword(s):  
House Of Representatives ◽  
Presidential Election ◽  
Presidential Elections ◽  
Anomalous Behavior ◽  
Electoral College ◽  
Popular Vote ◽  
The Us ◽  
2016 Election ◽  
Us Presidential Election ◽  
House Size

ABSTRACTDonald J. Trump won the 2016 US presidential election with fewer popular votes than Hillary R. Clinton. This is the fourth time this has happened, the others being 1876, 1888, and 2000. In earlier work, we analyzed these elections (and others) and showed how the electoral winner can often depend on the size of the US House of Representatives. This work was inspired by Neubauer and Zeitlin (2003, 721–5) in their paper, “Outcomes of Presidential Elections and the House Size.” A sufficiently larger House would have given electoral victories to the popular vote winner in both 1876 and 2000. An exception is the election of 1888. We show that Trump’s victory in 2016 is like Harrison’s in 1888 and unlike Hayes’s in 1876 and Bush’s in 2000. This article updates our previous work to include the 2016 election. It also draws attention to some of the anomalous behavior that can arise under the Electoral College.

scholarly journals Effect of Exchange Rate Returns on Equity Prices: Evidence from South Africa and Nigeria

2017 ◽  
Vol 9 (11) ◽  
pp. 35
Author(s):  
Jibrin Daggash ◽  
Terfa W. Abraham
Keyword(s):  
South Africa ◽  
Exchange Rate ◽  
Stock Market ◽  
Stock Exchange ◽  
Equity Prices ◽  
The Us ◽  
Short Run ◽  
Us Dollar ◽  
The Exchange Rate ◽  
The Uk

This paper examines the exchange rate returns of the Rand (relative to the US dollar) and the Naira (relative to the US dollar) for the presence of volatility. It also examines the effect of the exchange rate returns on the performance of their respective stock market. While it was found that the returns of the South African Rand was volatile, the Nigerian naira was not. Estimating the effect of exchange rate returns and crude oil price on the stock market indices of both countries showed that exchange rate return have a positive effect on the performance of the Nigerian stock exchange thus, confirming the stock flow hypothesis for Nigeria and refuting same for South Africa. Although the VAR granger causality identifies short run fluctuation of the naira as a significant factor affecting the performance of the Nigerian stock exchange in the short run, the Johannesburg stock exchange was found to be mostly affected by short run changes in the Rand and the UK FTSE 100. The paper concludes that policies aimed at stabilizing exchange rate and encouraing more non-oil stocks to be quoted in the Nigerian stock exchange will important. For the Johanesburg stock exchange, raising the listing requirement for firms quoted in the UK FTSE 100 and also seeking listing or already listed in the JSE will be a plausible idea. For both countries, however, curtailing swings in their exchange rate returns would help attract new investments and sustain existing ones hence, helping to spur growth.

PENGARUH PERUBAHAN SUKU BUNGA SBI DAN PERUBAHAN KURS USD/IDR TERHADAP HARGA PASAR SAHAM PT. BANK CENTRAL ASIA (BCA) TBK

2020 ◽  
Vol 1 (2) ◽  
pp. 56-65
Author(s):  
Maswir Mutakhir
Keyword(s):  
Exchange Rate ◽  
Stock Market ◽  
Interest Rates ◽  
Central Asia ◽  
Market Price ◽  
Secondary Data ◽  
Coefficient Of Determination ◽  
Linear Regression Models ◽  
Insignificant Effect ◽  
Independent Variable

This study aims to determine whether changes in SBI interest rates and changes in the USD / IDR exchange rate have an influence on the PT BCA Stock Market Price during the period January 2015-December 2019. The data used are secondary data provided by relevant institutions. The research method uses multiple linear regression models. To test the significance of the effect of the independent variable on the dependent variable partially, the t test is used. The partial test results on changes in the independent variable on changes in the dependent variable note that changes in SBI Interest Rates have a negative and insignificant effect on the Stock Market Price of PT Bank Central Asia Tbk, while The USD / IDR exchange rate has a positive and insignificant effect on the Stock Market Price of PT Bank Central Asia Tbk. The value of the coefficient of determination is 4.2%, which means that the proportion of changes in the PT BCA Stock Market Price which can be explained by variations in changes in SBI interest rates and changes in the exchange rate of USD / IDR is 4.2%, while the remaining 95.8% is explained. by other variables. Penelitian ini bertujuan untuk mengetahui apakah perubahan Suku Bunga SBI dan perubahan Kurs USD/IDR mempunyai pengaruh terhadap Harga Pasar Saham PT BCA selama periode Januari 2015–Desember 2019. Data yang digunakan adalah data sekunder yang disediakan lembaga yang relevan. Metode penelitian  menggunakan model regresi linier berganda. Untuk menguji signifikansi pengaruh variabel independen terhadap variabel dependen secara parsial digunakan uji t.Hasil pengujian secara parsial atas  perubahan variabel independen terhadap perubahan variabel dependen diketahui bahwa perubahan Suku Bunga SBI mempunyai pengaruh negatif dan tidak signifikan terhadap Harga Pasar Saham PT Bank Central Asia Tbk, sedangkan Kurs USD/IDR mempunyai pengaruh positif dan tidak signifikan terhadap Harga Pasar Saham PT Bank Central Asia Tbk. Nilai Koefisien Determinasi adalah sebesar 4,2% yang artinya besarnya proporsi variasi perubahan Harga Pasar Saham PT BCA yang dapat dijelaskan oleh variasi perubahan tingkat Suku Bunga SBI dan perubahan Kurs USD/IDR adalah sebesar 4,2% sedangkan sisanya sebesar 95,8% dijelaskan oleh variabel lainnya.

scholarly journals The Influence of Exchange Rate, World Oil Price, and BI Rate on Airline Companie’s Return in Indonesian Stock Market

2019 ◽  
Vol 3 (3) ◽  
pp. 321
Author(s):  
Yonatan Alvin Stefan ◽  
Robiyanto Robiyanto
Keyword(s):  
Exchange Rate ◽  
Stock Returns ◽  
Stock Return ◽  
Stock Exchange ◽  
National Development ◽  
Oil Price ◽  
Infrastructure Development ◽  
Daily Data ◽  
Analysis Technique ◽  
The Us

In an effort to support the economic growth of Indonesia, an infrastructure development is carried out to achieve the national development. It brings positive influences on transportation companies in Indonesia. Many companies list their shares to Indonesia Stock Exchange, including PT. Garuda Indonesia (Persero) Tbk (IDX code: GIAA) and PT. AirAsia Indonesia Tbk (IDX code: CMPP), aiming to have additional capital sources. The two companies can be such a reference for investors to make investments, but they still need to consider the macro factors attached. This study examines the influende of exchange rate, world oil price, and Bank Indonesia (BI) rates on the GIAA and CMPP stock returns. The analysis technique used was Generalize Autoregressive Conditional Heteroscedasticity (GARCH) and daily data starting from their IPO to February 28th, 2019. The results showed that the exchange rate negatively affected the GIAA and CMPP stock returns, while the world oil prices only negatively affected the CMPP stock return, and the BI rates only negatively affected the GIAA stock return. In general, the investors are suggested not to buy the GIAA and CMPP shares when the IDR exchange rate weakens against the US dollar exchange rate.

scholarly journals EFFECT OF INTEREST RATE, INFLATION AND NATIONAL INCOME TO RUPIAH THE AMERICAN DOLLARS IN 2006-2016

2017 ◽  
Vol 15 (2) ◽  
pp. 240-248
Author(s):  
Muhammad Irsyad Mustaqim ◽  
Saparuddin Mukhtar ◽  
Tuty Sariwulan
Keyword(s):  
Exchange Rate ◽  
Interest Rates ◽  
Multiple Regression ◽  
Time Series Data ◽  
National Income ◽  
Coefficient Of Determination ◽  
Series Data ◽  
The Us ◽  
Us Dollar ◽  
The Exchange Rate

This research aims to analyze the effect of interest rates, inflation and national income against the rupiah exchange rate over the US dollar. As for the data used in this research is secondary data, with this type of time series data in the period 2006-2016 obtained from Bank Indonesia and the World Bank. The method of this research method using exposé facto. Data analysis techniques used in this research is the analysis of multiple regression. By using multiple regression analysis model, the output shows that interest rates (X 1) positive and significant effect of the exchange rate of the rupiah against the US dollar up (Y). Inflation rate (X 2) do not affect the exchange rate of the rupiah significantly to top u.s. dollars (Y). National income (X 3) a positive effect of the exchange rate of the rupiah against the US dollar up (Y). Of test results by looking at their significance value F = 0.000 then it can be said to be 0.05 < simultaneously interest rates, inflation and national income effect significant at α = 5% against the rupiah exchange rate over the US dollar in the year 2006-2016. The value of the coefficient of determination (R2) acquired for 0.660 has a sense that the rupiah exchange rate over the US dollar can be explained by the level of interest rates, inflation and national income amounted to 66% while the rest is explained by other factors that do not exist in the model for this research.

scholarly journals The Role of Pensioners in the American Electorate

Upravlenie ◽  
2017 ◽  
Vol 5 (1) ◽  
pp. 98-103
Author(s):  
Лебедева ◽  
Lyudmila Lebedeva ◽  
Емельянов ◽  
E. Emelyanov
Keyword(s):  
Baby Boomers ◽  
Age Structure ◽  
Presidential Election ◽  
Presidential Elections ◽  
Social Economic ◽  
Us History ◽  
Strong Growth ◽  
The Us ◽  
The Usa

The article examines fundamental demographic changes in the USA that have been shifting the electorate and as a result - American politics; with wide gaps between the generations on key social, economic, political issues. The US presidential elections since 1980 were dominated by baby boomers (born 1946-1964) and prior generations, who have cast the vast majority of votes in every presidential election. The 2016 electorate has been the most diverse in the US history due to strong growth of young generations, and especially among Hispanic eligible voters. Millennials (born 1981–1998) and X generation (born 1965-1980) surpassed Baby Boomers and more old generations whose choices differ significantly in many fields; but the key problem is who really votes. The age structure of the American electorate and its influence on the election results; the role of pensioners and those, who’ll retire in the nearest future, as voters at the federal and state levels are in focus.

scholarly journals Pengaruh Loan To Deposit Ratio, Capital Adequacy Ratio, Dan Non Performing Loan Terhadap Profitabilitas Perbankan Yang Terdaftar Di Bursa Efek Indonesia (BEI)

2021 ◽  
Vol 9 (2) ◽  
pp. 131-140
Author(s):  
Fanesha Fanesha ◽  
Nusa Muktiadji ◽  
Ganjar Hendrian
Keyword(s):  
Stock Exchange ◽  
Hypothesis Test ◽  
Secondary Data ◽  
Capital Adequacy ◽  
Coefficient Of Determination ◽  
Return On Assets ◽  
Independent Variables ◽  
Capital Adequacy Ratio ◽  
Independent Variable ◽  
The Relationship

This study aims to determine how the influence of Loan to Deposit Ratio, Capital Adequacy Ratio and Non Performing Loans on Banking Profitability Listed on the Indonesia Stock Exchange (IDX) that occurs at PT Bank Central Asia Tbk, PT Bank Rakyat Indonesia (Persero) Tbk, PT Bank Mandiri (Persero) Tbk, PT Bank CIMB Niaga Tbk, PT Bank Negara Indonesia (Persero) Tbk, PT Bank Tabungan Negara (Persero) in 2014-2018. The data used in this study are quantitative data with secondary data sources derived from the financial statements of each bank. This research uses descriptive statistical analysis methods, inference analysis, classic assumption test, multiple linear analysis and coefficient of determination. Regression analysis is used to find out how the influence of independent variables on the dependent variable with a significance value of 5 percent. While the determination coefficient analysis is used to determine the relationship between the independent variable and the dependent variable. From the partial hypothesis test (T Test) that has been done by the author, it is obtained that the Loan to Deposit Ratio affects Return On Assets, Capital Adequacy Ratio has no effect on Return On Assets and Non Performing Loans has no effect on Return On Assets. For simultaneous hypothesis testing (Test F), the results obtained are that the independent variables namely Loan to Deposit Ratio, Capital Adequacy Ratio and Non Performing Loans simultaneously influence the Return on Assets.   Key words :     Loan to Deposit Ratio (LDR), Capital Adequacy Ratio (CAR), Non Performing Loan (NPL), Return On Asset (ROA).

scholarly journals Analysis Of Factors Affecting The Profitability In Consumer Goods Sector Companies Listed On The Indonesia Stock Exchange In 2015-2020 Period

2021 ◽  
Vol 1 (5) ◽  
pp. 545-558
Author(s):  
Dwi Verasasti Tarihoran ◽  
Endri Endri
Keyword(s):  
Exchange Rate ◽  
Firm Size ◽  
Consumer Goods ◽  
Stock Exchange ◽  
Substantial Effect ◽  
Test Method ◽  
Oil Price ◽  
Factors Affecting ◽  
Equity Ratio ◽  
Independent Variable

This study examines factors that affect profitability in the consumer goods sector listed on the Indonesia Stock Exchange (IDX) for the 2015-2020 period.  In this study, the population are consumer goods sector companies listed on the Indonesia Stock Exchange for the 2015-2020 period. The technique used purposive sampling that obtained as many as 19 companies for the research objects. The independent variable in this study is Return On Assets (ROA). In contrast, the independent variables are Current ratio (CR), Debt to equity ratio (DER), Total Asset Turnover (TATO), Working Capital (WC), Sales Growth (Grow), Size Company (Firm Size), World Oil Price (Oil Price), and Exchange Rate. The test method to determine the effect of the independent variable on the dependent variable is the panel data regression analysis method which is processed using E-VIEWS 12. Based on the results of simultaneous research, it is known that CR, TATO, GROW have a significant positive effect on profitability (ROA), WC and FIRM Size has a negative and significant impact on profitability (ROA), while DER, Oil Price and Exchange Rate (Exchange) do not have a substantial effect on profitability (ROA).

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