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 Pengaruh Inflasi, Suku Bunga Sbi Dan Jumlah Uang Beredar Terhadap Indeks Harga Saham Gabungan (IHSG) Dengan Model Arch-Garch

2021 ◽  
Vol 3 (3) ◽  
pp. 688
Author(s):  
Ernest Theodore Febrianto Sitompul ◽  
Ignatius Roni Setyawan
Keyword(s):  
Interest Rates ◽  
Money Supply ◽  
Stock Price ◽  
Price Index ◽  
Hypothesis Test ◽  
Composite Index ◽  
Garch Model ◽  
Coefficient Of Determination ◽  
Analysis Method ◽  
Stock Price Index

The purpose of this study was to determine the effect of inflation, interest rates certificates of Bank Indonesia and the money supply on the composite stock price index (CSPI) with the Arch-Garch model. The analytical method used in this study is multiple regression analysis method with the Arch-Garch model which was carried out with Eviews 9.0. One of the requirements for conducting multiple analysis tests is to test the classical assumptions. This is necessary so that the resulting regression equation is good. Then test the hypothesis, test the coefficient of determination and z test. The results of this study indicate that the Inflation variable has an effect on the Jakarta Composite Index (JCI) in the period January 2014 – December 2018. The interest rates certificates of Bank Indonesia an effect on the Jakarta Composite Index (JCI) in the period January 2014 – December 2018. The Money Supply has an effect. against the Composite Stock Price Index (JCI) in the period January 2014 – December 2018.Tujuan dari penelitian ini adalah untuk mengetahui pengaruh inflasi, suku bunga SBI dan jumlah uang beredar teradap indeks harga saham gabungan (IHSG) dengan model Arch-Garch. Metode analisis yang digunakan dalam penelitian ini adalah metode analisis regresi berganda dengan model Arch-Garch yang dilakukan dengan Eviews 9.0. Salah satu syarat untuk melakukan uji analisis berganda perlu dilakukan uji asumsi klasik. Hal ini diperlukan agar persamaan regresi yang dihasilkan baik. Kemudian dilakukan uji hipotesis, uji koefisien determinasi dan uji z. Hasil dari penelitian ini menunjukkan bahwa variable Inflasi berpengaruh terhadap Indeks Harga Saham Gabungan (IHSG) pada periode Januari 2014 – Desember 2018. Suku Bunga SBI memiliki pengaruh terhadap Indeks Harga Saham Gabungan (IHSG) pada periode Januari 2014 – Desember 2018. Jumlah Uang Beredar berpengaruh terhadap Indeks Harga Saham Gabungan (IHSG) pada periode Januari 2014 – Desember 2018.

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 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 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 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 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.

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

2017 ◽  
Vol 9 (1) ◽  
pp. 27
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

<p>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. </p>

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.

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