PENGARUH INDIKATOR KRISIS KEUANGAN GLOBAL TERHADAP INDEKS HARGA SAHAM GABUNGAN (IHSG) DI BURSA EFEK INDONESIA

Tiara Kania Dewi, Sri Adji Prabawa; This research analysis the influence of financial crisis indicators to Jakarta Composite Index (JCI) at the Indonesia Stock Exchange. The research was done by collecting the secondary data. The data from Bank Indonesia, Indonesia Stock Exchange and other institution which published IHSG. The data was analysed using the statistic. The regression of multiple regression analysis model was used in analysing data. F test, t test and determination test was found from the sampel of this research. The sample data were 18 months. The result found all indicators of financial crisis namely exchange rate US$, rate of SBI, volume trading, and inflation, influence IHSG. Influence of four variables are 56.6%. The influence of indicator crisis finance of IHSG is shown by Adjusted R2 = 0.566 or 56.6%, and 43.4% other is influenced by the other variable. The result show that the proposition of IHSG are influenced by exchange rate US$, rate of SBI, except volume trading, and inflation Key words: Exchange rate US$, rate of SBI, volume trading, inflation, IHSG

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Pengaruh Faktor Fundamental, Risiko Sistematis Dan Ekonomi Makro Terhadap Return Saham Syariah Yang Tergabung Di Jakarta Islamic Index (JII) Pada Periode 2010 – 2014

Kajian Bisnis STIE Widya Wiwaha ◽

10.32477/jkb.v24i1.217 ◽

2017 ◽

Vol 24 (1) ◽

pp. 54-70

Author(s):

Hasanah Setyowati ◽

Riyanti Ningsih

Keyword(s):

Exchange Rate ◽

Stock Exchange ◽

Systematic Risk ◽

Secondary Data ◽

Analysis Model ◽

Macroeconomic Factors ◽

Return On Equity ◽

Equity Ratio ◽

Regression Techniques ◽

The Exchange Rate

This study aimed to obtain empirical evidence on the influence of fundamental factors, systematic risk and macroeconomics on the returns Islamic stock of companies incorporated in the Jakarta Islamic Index in 2010-2014. The variables used were the fundamental factors that are proxied by Earning Per Share (EPS), Return on Equity (ROE), Debt to Equity Ratio (DER); Systematic risk is proxied by Beta Shares; macroeconomic factors is proxied by the inflation rate and the exchange rate. The samples of this study are the enterprises incorporated in Jakarta Islamic Index (JII) at the Indonesian Stock Exchange. The sampling method was using purposive sampling. There were 12 samples of Islamic stocks that meet the criteria to be used as samples. The analysis model used is multiple linear regression techniques and the type of data used is secondary data. The study found that all variables, which are Earning Per Share (EPS), Return on Equity (ROE), Debt to Equity Ratio (DER), Beta stock, inflation and the exchange rate do not significantly affect the return of sharia stock either simultaneously or partially.

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PENGARUH EARNING DAN CASH FLOW OPERATION TERHADAP ARUS KAS MASA DEPAN

Current: Jurnal Kajian Akuntansi dan Bisnis Terkini ◽

10.31258/jc.2.1.108-121 ◽

2021 ◽

Vol 2 (1) ◽

pp. 108-121

Author(s):

Naz'aina Naz'aina ◽

Chairunnisa Chairunnisa

Keyword(s):

Cash Flow ◽

Stock Exchange ◽

Linear Regression Analysis ◽

Secondary Data ◽

Financial Statements ◽

Analysis Model ◽

Future Cash Flow ◽

Result Show ◽

Independent Variable ◽

Multi Linear Regression

This study is an empirical study that aims to analyze the effect of earning and cash flow operation on future cash flow. The type of data used in this study is secondary data from each companies financial statements in consumer goods sector that listed on Indonesia Stock Exchange in 2014-2018. The number of samples in this study were 27 companies that selected by purposive sampling method. The independent variable used are earning and cash flow operation in 2014-2017, while dependent variable is future cash flow in 2015-2018. The analysis model used in this research is multi linear regression analysis using Eviews 11. 11. The result show that the earning variable has negative and significant effect on future cash flow. The cash flow operation variable has positive and significant effect on future cash flow. Thus, earning and cash flow operation simultaneously have positive and significant effect on future cash flow.

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PENGARUH INFLASI, TINGKAT SUKU BUNGA, KURS, HARGA MINYAK DUNIA DAN HARGA EMAS DUNIA TERHADAP IHSG DAN JII DI BURSA EFEK INDONESIA

BALANCE Jurnal Akuntansi dan Bisnis ◽

10.32502/jab.v2i2.1180 ◽

2017 ◽

Vol 2 (2) ◽

pp. 285

Author(s):

Umi Sartika

Keyword(s):

Exchange Rate ◽

Stock Exchange ◽

Composite Index ◽

Secondary Data ◽

T Test ◽

Gold Price ◽

Oil Price ◽

F Test ◽

Closing Price ◽

The Exchange Rate

ABSTRACT The research aims to investigate empirically the influence of selected macroekonomic variables. The research design is associative. Independent variabel are inflation, Bank Indonesia certificate rate, the exchange rate of IDR, World Oil Price and World Gold Price on Indonesia Composite Index and Jakarta Islamic Index at The Indonesia Stock Exchange (IDX). This paper examines the direct effect of selected macroeconomic variabel on Indonesia Composite Index and Jakarta Islamic Index. The data is taken from the monthly closing price of each dependent and independent variables. The sampling method used in this study is the sample saturated and obtained a sample of 60 months of data closing price. The data used are secondary data collection methods of data documentation. The analysis which used in this research is multiple linier regression analysis, F test and t test. The result of calculations using Eviews 8, showed that: the result hypothesis F test, obtained value of Fcompute > Ftable, means that there is the influence of inflation, Bank Indonesia certificate rate, the exchange rate of IDR, World Oil Price and World Gold Price together on Indonesia Composite Index and Jakarta Islamic Index. While result of the hypothesis t test, showed that inflation, Bank Indonesia certificate rate, the exchange rate of IDR, World Oil Price and World Gold Price partially had not influence on Indonesia Composite Index and Jakarta Islamic Index

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PENGARUH INDEKS SAHAM GLOBAL DAN KONDISI MAKRO INDONESIA TERHADAP INDEKS HARGA SAHAM GABUNGAN BURSA EFEK INDONESIA

Media Ekonomi ◽

10.25105/me.v22i2.3171 ◽

2014 ◽

Vol 22 (2) ◽

pp. 133

Author(s):

Pardomuan Sihombing, ◽

Rizal ,

Keyword(s):

Exchange Rate ◽

Stock Exchange ◽

Composite Index ◽

Secondary Data ◽

Economic Indicator ◽

United States Dollar ◽

Independent Variables ◽

Stock Indices ◽

Global Stock

The objective of this research is to examine the effect of global stock indices and marco economic condition of Indonesia to Jakarta Stock Exchange Composite Index (JCI). The global stock indices that had been analyzed in this research are Dow Jones Industrial Average (DJIA), Nikkei 225 (N225), Shanghai Stock Exchange Composite (SSE), Financial Times Stock Exchange 100 (FTSE 100), and Hang Seng Index (HSI). The macro economic indicator that had been analyzed in this research are exchange rate United States dollar to Indonesian rupiah, inflation and BI rate. This research was conducted using secondary data. Research periods are 10 years for 120 months since January 2008 until December 2012. This study was analyzed by using error correction model (ECM). By using this method, it can be analyzed the short and long term influence from the independent variables to the dependent variable with its analysis techniques to correct long term imbalances. The result shows that in short term, only DJIA, exchange rate and BI rate have significant effect on JCI. While in long term, DJIA, N225, SSE, HSI, and BI rate have significant effect on JCI. Adjusted R-square value of 0.444987 can illustrate that the dependent variable is explained by the independent variables for 44.499 percent, while the rest are influenced by the other variables.

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Pengaruh Kurs, Suku Bunga BI, Indeks STI, Indeks KLSE dan Indeks MC Terhadap Indeks Harga Saham Gabungan Di BEI Periode September 2014-Desember2015

e-Journal Ekonomi Bisnis dan Akuntansi ◽

10.19184/ejeba.v5i2.8681 ◽

2018 ◽

Vol 5 (2) ◽

pp. 178

Author(s):

Melisa Puspita Dewi ◽

Nurhayati Nurhayati ◽

Hadi Paramu

Keyword(s):

Regression Analysis ◽

Exchange Rate ◽

Stock Price ◽

Quantitative Research ◽

Stock Exchange ◽

Composite Index ◽

Secondary Data ◽

Kuala Lumpur ◽

Price Indices

The aims of this research are to analyze the influence of Strait Times Index, Kuala Lumpur Stock Exchange index, and Manila Composite index on strengthening or weakening relation of exchange rate and BI rate against Jakarta Composite Index from September 2014-December 2015. This research used secondary data and a quantitative research . The type of research used is explanatory research ,the population are stock price indices in Bursa Efek Indonesia and sample used is Jakarta Composite Index which shows daily prices fluctuation of all stocks. Analysis methode used is moderated regression analysis. The results showed Strait Times Index able to strengthen exchange rate with Jakarta Composite Index and unable to strengthen BI rate with Jakarta Composite Index, Kuala Lumpur Stock Exchange index able to strengthen exchange rate and BI rate with Jakarta Composite Index, last Manila Composite index unable to strengthen exchange rate with Jakarta Composite Index and able to strengthen BI rate with Jakarta Composite Index. Keywords: Strait Times Index, Kuala Lumpur Stock Exchange, Manila Composite, Indeks Harga Saham Gabungan, Moderated Regression Analysis.

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PENGARUH INDEKS SAHAM GLOBAL DAN KONDISI MAKRO INDONESIA TERHADAP INDEKS HARGA SAHAM GABUNGAN BURSA EFEK INDONESIA

Media Ekonomi ◽

10.25105/me.v22i2.2966 ◽

2018 ◽

Vol 22 (2) ◽

pp. 135

Author(s):

Pardomuan Sihombing ◽

Rizal ,

Keyword(s):

Exchange Rate ◽

Stock Exchange ◽

Composite Index ◽

Secondary Data ◽

United States Dollar ◽

Independent Variables ◽

Stock Indices ◽

Short And Long Term ◽

Global Stock

The objective of this research is to examine the effect of global stock indices and marcoeconomic condition of Indonesia to Jakarta Stock Exchange Composite Index (JCI). The global stock indices that had been analyzed in this research are Dow Jones Industrial Average (DJIA), Nikkei 225 (N225), Shanghai Stock Exchange Composite (SSE), Financial Times Stock Exchange 100 (FTSE 100), and Hang Seng Index (HSI). The macro economic indicator that had been analyzed in this research are exchange rate United States dollar to Indonesian rupiah, inflation and BI rate. This research was conducted using secondary data. Research periods are 10 years for 120 months since January 2008 until December 2012. This study was analyzed by using error correction model (ECM). By using this method, it can be analyzed the short and long term influence from the independent variables to the dependent variable with its analysis techniques to correct long term imbalances. The result shows that in short term, only DJIA, exchange rate and BI rate have significant effect on JCI. While in long term, DJIA, N225, SSE, HSI, and BI rate have significant effect on JCI. Adjusted Rsquare value of 0.444987 can illustrate that the dependent variable is explained by the independent variables for 44.499 percent, while the rest are influenced by the other variables.

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KONSEP TEORI H, PENGARUH BI RATE, KURS TERHADAP INDEKS HARGA SAHAM GABUNGAN (IHSG) PERIODE TAHUN 2009 – 2017

E-Mabis: Jurnal Ekonomi Manajemen dan Bisnis ◽

10.29103/e-mabis.v20i1.387 ◽

2019 ◽

Vol 22 (1) ◽

pp. 13-26

Author(s):

Roikhan Mochamad Aziz ◽

Awaludin Syarif Abdulah

Keyword(s):

Exchange Rate ◽

Significant Influence ◽

Confidence Level ◽

Research Method ◽

Quantitative Research ◽

Stock Exchange ◽

Composite Index ◽

Secondary Data ◽

Macroeconomic Variables ◽

Meeting Point

This study was to examine the general effects BI Rate (Bank Indonesia’s Rate) and Exchange Rate (Rupiah againts USD) as macroeconomic variables againts Jakarta Composite Index atau JSX Composite and the information about possibility of H-Teory that might be used. Descriptive quantitative research method was used to this research. Secondary data technique collection with Eviews version 4.0 as a tools to proceed it. The datas of this research was taken from Central Statistics Agency (BPS), Bank Indonesia (BI, and Indonesia Stock Exchange (IDX) from 2009 – 2017 period. The result showed that BI Rate and Exchange rate has no significant influence on JSX Composite, this was seen from the results the test for the whole varibales in the model was done using the F-test, showed that the F-statistic value of 2212.537 with the probability value of 0.000000 was smaller than α = 0.05 which means H0 was accepted. This means that the BI rate and exchange rate were tested together (simultaneous) did not significantly affect the JSX Composite with a confidence level of 0.984719 or 98.47 percent. H theory here, is expected to be a meeting point in any test that includes the dimensions of Worship.

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PENGARUH INFLASI, TINGKAT SUKU BUNGA, KURS, HARGA MINYAK DUNIA DAN HARGA EMAS DUNIATERHADAP IHSG DAN JIIDI BURSA EFEK INDONESIA

I-Finance a Research Journal on Islamic Finance ◽

10.19109/ifinance.v3i2.1458 ◽

2018 ◽

Vol 3 (2) ◽

pp. 173

Author(s):

Umi Sartika

Keyword(s):

Exchange Rate ◽

Stock Exchange ◽

Composite Index ◽

Secondary Data ◽

T Test ◽

Gold Price ◽

Oil Price ◽

F Test ◽

Closing Price ◽

The Exchange Rate

The research aims to investigate empirically the influence of selected macroekonomic variables. The research design is associative. Independent variabel are inflation, Bank Indonesia certificate rate, the exchange rate of IDR, World Oil Price and World Gold Price on Indonesia Composite Index and Jakarta Islamic Index at The Indonesia Stock Exchange (IDX). This paper examines the direct effect of selected macroeconomic variabel on Indonesia Composite Indexand Jakarta Islamic Index.The data is taken from the monthly closing price of each dependent and independent variables. The sampling method used in this study is the sample saturated and obtained a sample of 60 months of data closing price. The data used are secondary data collection methods of data documentation. The analysis which used in this research is multiple linier regression analysis, F test and t test. The result of calculations using Eviews 8, showed that: the result hypothesis F test, obtained value of Fcompute > Ftable, means that there is the influence of inflation, Bank Indonesia certificate rate, the exchange rate of IDR, World Oil Price and World Gold Pricetogether on Indonesia Composite Index and Jakarta Islamic Index.While result of the hypothesis t test, showed that inflation, Bank Indonesia certificate rate, the exchange rate of IDR, World Oil Price and World Gold Price partially had not influence on Indonesia Composite Index and Jakarta Islamic Index

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Identity Politics' Issue In Indonesia Presidential Election 2019

JOURNAL OF LEGAL RESEARCH ◽

10.15408/jlr.v1i5.14966 ◽

2019 ◽

Vol 1 (5) ◽

Author(s):

Ida Susilowati ◽

Zahrotunnimah Zahrotunnimah ◽

Nur Rohim Yunus

Keyword(s):

Identity Politics ◽

Presidential Election ◽

Political Identity ◽

Secondary Data ◽

The Other ◽

The Political ◽

Political Campaign ◽

Communist Ideology ◽

Presidential Election Campaign ◽

Research Analysis

AbstractPresidential Election in 2019 has become the most interesting executive election throughout Indonesia's political history. People likely separated, either Jokowi’s or Prabowo’s stronghold. Then it can be assumed, when someone, not a Jokowi’s stronghold he or she certainly within Prabowo’s stronghold. The issue that was brought up in the presidential election campaign, sensitively related to religion, communist ideology, China’s employer, and any other issues. On the other side, politics identity also enlivened the presidential election’s campaign in 2019. Normative Yuridis method used in this research, which was supported by primary and secondary data sourced from either literature and social phenomenon sources as well. The research analysis concluded that political identity has become a part of the political campaign in Indonesia as well as in other countries. The differences came as the inevitability that should not be avoided but should be faced wisely. Finally, it must be distinguished between political identity with the politicization of identity clearly.Keywords. Identity Politics, 2019 Presidential Election

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PENGARUH MANAJEMEN LABA, PROPORSI KOMISARIS INDEPENDEN, PROFITABILITAS, CAPITAL INTENSITY, DAN LIKUIDITAS TERHADAP TAX AGGRESSIVENESS (STUDI EMPIRIS PADA PERUSAHAAN MANUFAKTUR YANG TERDAFTAR DI BURSA EFEK INDONESIA TAHUN 2012-2016)

Jurnal Akuntansi Bisnis ◽

10.30813/jab.v11i2.1387 ◽

2018 ◽

Vol 11 (2) ◽

Author(s):

Leem Sufia ◽

Ernie Riswandari

Keyword(s):

Earnings Management ◽

Stock Exchange ◽

Control Variable ◽

Secondary Data ◽

Capital Intensity ◽

Tax Planning ◽

Manufacturing Companies ◽

Tax Aggressiveness ◽

Purposive Sampling ◽

Result Show

ABSTRACT: Taxes are the main source of state revenue. The greater amount of tax revenue attainment can support the national economy. However, on the other hand, taxes are a burden that can reduce income for taxpayer. This encourage taxpayer to make every effort to reduce the tax burden from legal tax planning to illegal. Excessive tax planning will result to tax aggressiveness. This study aims to examine, analyse, and obtain empirical evidence about the effect of earnings management, proportion of independent commissioners, profitability, capital intensity, and liquidity to tax aggressiveness. This research is also to compare the result of prior researches. The population in this research is 144 manufacturing companies that listed in Indonesian Stock Exchange from 2012 to 2016. Sample consist of 51 manufacturing companies, selected using one of nonprobability sampling method, which is purposive sampling type. The data type is secondary data which collected from IDX website. The statistical method used in this research is multiple regression analysis. These results indicates that earnings management and profitability have a significant influence to tax aggressiveness. While the proportion of independent commissioners, capital intensity, dan liquidity have no influence toward tax aggressiveness. But, if earnings management, proportion of independent commissioners, profitability, capital intensity, and liquidity simultantly tested with the control variable which are size and leverage the result show that there is significant association with the tax aggressiveness. Keyword : Tax aggressiveness, earnings management, proportion of independent commissioners, profitability, capital intensity, liquidity, size, leverage. ABSTRAK: Pajak merupakan sumber utama penerimaan negara. Semakin besar jumlah penerimaan pajak maka dapat mendukung perekonomian nasional. Namun, di sisi lain, pajak merupakan beban yang dapat mengurangi penghasilan bagi wajib pajak. Hal ini mendorong wajib pajak untuk melakukan segala upaya untuk menekan beban pajak mulai dari perencanaan pajak yang legal hingga ilegal. Perencanaan pajak yang berlebihan akan menimbulkan agresivitas pajak. Penelitian ini bertujuan untuk menguji, menganalisis, dan memperoleh bukti empiris mengenai pengaruh manajemen laba, proporsi komisaris independen, profitabilitas, capital intensity, dan likuiditas terhadap tax aggressiveness. Penelitian ini juga membandingkan hasil dengan penelitian sebelumnya. Populasi dari penelitian ini adalah 144 perusahaan manufaktur yang terdaftar di Bursa Efek Indonesia dari tahun 2012 sampai dengan 2016. Sampel terdiri dari 51 perusahaan manufaktur yang dipilih menggunakan salah satu metode nonprobability sampling, yaitu tipe purposive sampling. Tipe data adalah data sekunder yang diperoleh dari situs IDX. Metode statistik yang digunakan adalah analisis regresi berganda. Hasil penelitian menunjukkan bahwa manajemen laba dan profitabilitas berpengaruh signifikan terhadap tax aggressiveness. Sedangkan proporsi komisaris independen, capital intensity, dan likuiditas tidak berpengaruh terhadap tax aggressiveness. Namun, jika manajemen laba, proporsi komisaris independen, profitabilitas, capital intensity, dan likuiditas diuji secara bersama-sama dengan variabel kontrol, yaitu ukuran perusahaan dan leverage menunjukkan terdapat pengaruh terhadap tax aggressiveness. Kata kunci: Agresivitas pajak, manajemen laba, proporsi komisaris independen, profitabilitas, capital intensity, likuiditas, ukuran perusahaan, leverage.

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