scholarly journals Analysis Factors Affecting Indonesia Stock Market (Case Studies on Consumer Goods Index)

2020 ◽  
Vol 14 (1) ◽  
pp. 10-23
Author(s):  
Vietha Devia Sagita Sumantri
Keyword(s):  
Exchange Rate ◽  
Linear Regression ◽  
Stock Market ◽  
Multiple Linear Regression ◽  
Consumer Goods ◽  
Consumer Price Index ◽  
Factors Affecting ◽  
The Us ◽  
Negative Effect ◽  
The Exchange Rate

This study aims to examine the effect of exchange rate and inflation on the stock market. The exchange rate used is the Rupiah against the US Dollar and the Consumer Price Index as a measure of inflation. While the sector used as a stock market case study is the Consumer Goods Index Sector. The study period during 2010–2017. The method used multiple linear regression with R software. The classic assumption test results show the existence of autocorrelation problems, but can be correcting by the Cochrane-Orcutt method on Eviews after 8 model iterations. The results of multiple linear regression tests showed that the exchange rate has a significant negative effect, while inflation has no significant effect on the Consumer Goods Index.

scholarly journals Daya Saing dan Faktor yang Mempengaruhi Ekspor Lada Indonesia ke India

2021 ◽  
Vol 5 (3) ◽  
pp. 655-666
Author(s):  
Vika Wardani ◽  
◽  
Andrie Sunyigono
Keyword(s):  
Exchange Rate ◽  
Linear Regression ◽  
Multiple Linear Regression ◽  
Comparative Advantage ◽  
Indian Market ◽  
Revealed Comparative Advantage ◽  
Factors Affecting ◽  
The Us ◽  
Us Dollar ◽  
Market Volume

Pepper is one of the export commodities that contributes significantly to the Indonesian economy. Indonesian pepper exports have fluctuated in destinations such as India, which is included in the world's largest pepper importer country. The study aims to analyze competitiveness (comparative advantage) and factors affecting Indonesian exports to India in pepper commodities. Revealed Comparative Advantage (RCA) and Multiple Linear Regression are analysis methods in research. The results showed that Indonesian pepper has strong competitiveness in the Indian market. Volume of Indonesian pepper exports to India has significant effect were the exchange rate of the rupiah against the US dollar and the value of RCA, while the national pepper production, the price of Indonesian pepper exports, and Indian consumption did not have a significant effect.

scholarly journals Cointegration of Stock Market and Exchange Rate in Indonesia

2019 ◽  
Vol 2 (2) ◽  
pp. 125 ◽  
Author(s):  
Pribawa E Pantas ◽  
Muhamad Nafik Hadi Ryandono ◽  
Misbahul Munir ◽  
Rofiul Wahyudi
Keyword(s):  
Exchange Rate ◽  
Stock Market ◽  
Capital Market ◽  
Global Financial Crisis ◽  
The Us ◽  
Us Dollar ◽  
The Exchange Rate ◽  
Johansen Cointegration Test ◽  
The Global Financial Crisis

This study aims to determine the long-term relationship between stock market and exchange rate in Indonesia. The research method used is Johansen cointegration test. The results of this study found no cointegration between the variables tested. Thus the exchange rate, JII, and IHSG have no relationship in the long term. The fluctuation of the rupiah exchange rate in recent years did not generally affect the performance of stock indices especially after the global financial crisis of 2008. This shows the capital market in Indonesia has a good performance so that it is not so sensitive to the sentiment of the decline in the rupiah against the US dollar. This finding is in line with the findings of Syahrer (2010) which states the exchange rate has no effect on the stock market.

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.

scholarly journals Pengaruh Variabel Makro Ekonomi Terhadap Indeks Jakarta Islamic Index (JII) Periode Januari 2010 Hingga November 2015

2017 ◽  
Vol 3 (1) ◽  
pp. 70
Author(s):  
Ayu Tri Utami ◽  
Leo Herlambang
Keyword(s):  
Exchange Rate ◽  
Interest Rate ◽  
Linear Regression ◽  
Interest Rates ◽  
Multiple Linear Regression ◽  
Independent Variables ◽  
Negative Effect ◽  
Study Population ◽  
Positive Effect ◽  
Science Governance

The study aimed to know whether there were influences of inflation, interest rate, and exchange rate on the Jakarta Islamic Index (JII). The study population were factors which influenced the Jakarta Islamic Index. The sample were those factors in the period of January 2010- November 2015. Multiple linear regression was used for the analysis. The analysis showed that inflation had a negative effect on Jakarta Islamic Index (JII) index, interest rates had a positive effect on Jakarta Islamic Index (JII) index, and the exchange rate had a positive effect on Jakarta Islamic Index (JII) index. All independent variables simultaneously had an effect on the Jakarta Islamic Index (JII) index. This study was expected to add insightsto science, governance and other fields.

scholarly journals Analisis Determinan Dana Pihak Ketiga Bank Umum Syariah di Indonesia

2021 ◽  
Vol 7 (1) ◽  
pp. 154
Author(s):  
Ayif Fathur Rahman ◽  
Yuyun Setiawansi
Keyword(s):  
Exchange Rate ◽  
Linear Regression ◽  
Multiple Linear Regression ◽  
Significant Relationship ◽  
Commercial Banks ◽  
Third Party ◽  
Return On Assets ◽  
Regression Methods ◽  
The Exchange Rate

This study aims to analyze the effect of inflation, exchange rate, BI Rate and Return On Assets (ROA) on Third Party Funds of Sharia Commercial Banks in Indonesia. Data used in the study are Third Party Funds, Inflation, Exchange Rate, BI Rate and Return On Assets (ROA). In this study using multiple linear regression methods and test classic assumptions with the help of Stata application. The results showed that Inflation variable (0,226) had a positive and not significant relationship to Third Part Funds of sharia commercial banks in Indonesia. BI Rate variable (0,000) has a negative and significant relationship to Third Part Funds of sharia commercial banks in Indonesia. While the Exchange Rate (0,000) and Return On Assets (0,000) have a positive and significant relationship to Third Part Funds of sharia commercial banks in Indonesia.

scholarly journals Analisis inflasi di lihat dari permintaan dan penawaran di Indonesia Tahun 2000-2018

2020 ◽  
Vol 8 (1) ◽  
pp. 1-10
Author(s):  
Desy Martauli ◽  
Amri Amir ◽  
Candra Mustika
Keyword(s):  
Exchange Rate ◽  
Interest Rate ◽  
Linear Regression ◽  
Interest Rates ◽  
Multiple Linear Regression ◽  
Oil Prices ◽  
Oil Price ◽  
Simple Linear Regression ◽  
Public Consumption ◽  
The Exchange Rate

This study aims to determine the analysis of inflation in terms of demand and supply in Indonesia in 2000-2018, the variables studied are the exchange rate, loan interest rates, world oil prices, public consumption. The type of time series data with the analytical method used in this study is using simple linear regression analysis and multiple linear regression (OLS) methods. The results of the trend of each variable inflation, exchange rate, interest rates on loans, world oil prices and public consumption fluctuate and have a tendency to increase with average inflation of 2.71%, the exchange rate of Rp. 14,143, the loan interest rate of 12.15%, the price of world oil is 91.67% and Indonesian people's consumption is 6,850,384 billion rupiah. The results of simple linear regression and multiple linear regression are shown through the simultaneous test (F test) that the exchange rate, loan interest rate, world oil price, and public consumption have a positive and significant effect on inflation in Indonesia. The results of the partial test (t-test) show that the loan interest rate and world oil prices have a positive and significant effect on inflation in Indonesia and public consumption has a negative and significant effect on inflation in Indonesia, while the exchange rate has a positive and significant effect on inflation in Indonesia. Keywords: Inflation, Exchange rate, Loan interest rate, World oil price, Community consumption

scholarly journals Pengaruh Harga Paket Umroh, Tingkat Inflasi, dan Kurs Rupiah Pada Dollar Terhadap Permintaan Jasa Umroh di Surabaya Periode 2011-2013

2015 ◽  
Vol 1 (11) ◽  
pp. 766
Author(s):  
Masruhatul Abadiyah ◽  
Sri Herianingrum
Keyword(s):  
Exchange Rate ◽  
Linear Regression ◽  
Multiple Linear Regression ◽  
Inflation Rate ◽  
Quantitative Approach ◽  
Waiting List ◽  
Price Inflation ◽  
Service Demand ◽  
Negative Effect ◽  
Approach Method

There is an interesting phenomena recently that the demand of umroh serviceincreases significantly. This increase is caused by the waiting list for Hajj departure which has to wait for a few years later to take place. This makes the society to take an alternative umroh first which doesn't have to wait for too long.This research aims to find out the effect of umroh package price, inflation rate and rupiah exchange for dollar towards Surabaya umroh service demand during 2011-2013 period. This research uses quantitative approach method and multiple linear regression analysis.The result shows that the umroh packageprice, inflation rate, and rupiah exchange for dollar variables simultaneously do not have significant effect towards Surabaya umroh service demand during 2011-2013 period. For addition, simultaneously the umroh package price, inflation rate, and exchange rate variables give negative effect towards Surabaya umroh service demand during 2011-2013 period.Umroh service bureaus especially those which reside in Surabaya need to maintain and improve their performances well in order to provide satisfaction and loyalty of the jamaah to increase the demand of umroh service.

scholarly journals Analisis Pengaruh Nilai Tukar Rupiah, Suku Bunga SBI, Inflasi Terhadap Jakarta Islamic Index

2018 ◽  
Vol 4 (03) ◽  
pp. 160
Author(s):  
Harun Santosa ◽  
Ashari Mursito Wisnu
Keyword(s):  
Exchange Rate ◽  
Interest Rate ◽  
Linear Regression ◽  
Multiple Linear Regression ◽  
Significant Influence ◽  
Inflation Rate ◽  
Index Data ◽  
Study Population ◽  
The Exchange Rate

This research was conducted to find out whether there was an influence of the rupiah exchange rate, SBI interest rate, inflation rate on the Jakarta Islamic Index. The study population was the Jakarta Islamic Index with a sample of the Jakarta Islamic Index data for the 2007-2017 period. The method of analysis is done using multiple linear regression. The analysis shows that the rupiah exchange rate and SBI interest rate have a significant effect on the Jakarta Islamic Index, while inflation has no significant effect on the Jakarta Islamic Index. Simultaneously the exchange rate, interest rate and inflation have a significant influence on the Jakarta Islamic Index.

scholarly journals Analysis of Factors Affecting Inflation in Indonesia: an Islamic Perspective

2015 ◽  
Vol 2 (2) ◽  
pp. 67-80
Author(s):  
Elis Ratna Wulan ◽  
Sofia Nurfaiza
Keyword(s):  
Regression Analysis ◽  
Exchange Rate ◽  
Linear Regression ◽  
Interest Rates ◽  
Multiple Linear Regression ◽  
Money Supply ◽  
Linear Regression Analysis ◽  
Multiple Linear Regression Analysis ◽  
Positive Trend ◽  
Factors Affecting

This study aims to determine the factors affecting inflation. The research is descriptive quantitative in nature. The data used are reported exchange rates, interest rates, money supply and inflation during 2008-2012. The research data was analyzed using multiple linear regression analysis. The results showed in the year 2008-2012 the condition of each variable are (1) the rate of inflation has a negative trend, (2) the interest rate has a negative trend, (3) the money supply has a positive trend, (4) the value of exchange rate has a positive trend. The test results by using multiple linear regression analysis result that variable interest rates, the money supply and the exchange rate of the rupiah significant effect on the rate of inflation.

scholarly journals Relationship Between Exchange Rate and Stock Market Volatilities in India

2021 ◽  
Vol 2 (4) ◽  
pp. 244-259
Author(s):  
Lakshmanasamy T.
Keyword(s):  
Exchange Rate ◽  
Stock Market ◽  
Stock Returns ◽  
Exchange Rate Volatility ◽  
Stock Exchanges ◽  
Stock Market Volatility ◽  
Daily Data ◽  
The Us ◽  
Us Dollar ◽  
The Exchange Rate

With increasing globalisation and integration of national stock exchanges, for the global investor, the portfolio risk increases not only from the local stock market volatility but also in the exchange rate risk. This paper examines the exchange rate volatility effect on volatility in stock market return from India’s perspective for the period January 2010 to December 2015, applying ARCH and GARCH estimation. The daily data of the BSE SENSEX returns, exchange rates of US dollar/rupee, British pound/rupee, Euros/rupee are used. It is estimated that the Euro/rupee exchange rate volatility has a significant positive effect on the BSE SENSEX return volatility, while the effect of the US dollar/rupee and British pound/rupee exchange rate the volatilities are insignificantly negative. The larger GARCH parameter over the ARCH term indicates that the own lagged values of the stock return cause more volatility in stock returns than the innovations. There exists a highly persistent effect of shocks to the BSE SENSEX return and the volatility effect wanes only slowly

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