scholarly journals Macroeconomic effect on stock price: Evidence from Indonesia

Accounting ◽  
2021 ◽  
pp. 1189-1202 ◽  
Author(s):  
Andung Luwihono ◽  
Benny Suherman ◽  
Darmawanta Sembiring ◽  
Syahrir Rasyid ◽  
Nawang Kalbuana ◽  
...  
Keyword(s):  
Exchange Rate ◽  
Stock Prices ◽  
Stock Price ◽  
Economic Effects ◽  
Macroeconomic Factors ◽  
Dollar Exchange Rate ◽  
Engineering Managers ◽  
The Us ◽  
Macroeconomic Effect ◽  
Us Dollar

Investment decision making by Engineering Managers needs to take into account microeconomic and macroeconomic factors in a country. The role of Engineering Managers in making decisions is crucial and very important. Technical Managers need to consider macro-economic effects such as the US dollar exchange rate against the rupiah, the interest rate set by Bank Indonesia, inflation, especially during the preparation of the Budget Plan (RAB). This research is to analyze the macroeconomic effect on stock prices, to prove the hypothesis, a quantitative approach is used. Macroeconomics are assessed through the US dollar exchange rate, and financial statements data of banking companies.

scholarly journals The Influence of The Inflation Rate and The Interest Rate of Bank Indonesia Certificates on The Composite Stock Price Index With The Us Dollar Exchange Rate As A Moderating Variable on The Indonesia Stock Exchange

2020 ◽  
Vol 3 (3) ◽  
pp. 212
Author(s):  
Dwi Septiani
Keyword(s):  
Exchange Rate ◽  
Interest Rate ◽  
Stock Price ◽  
Price Index ◽  
Inflation Rate ◽  
Dollar Exchange Rate ◽  
The Us ◽  
Us Dollar ◽  
Stock Price Index ◽  
The Interest Rate

This study aims to determine how the influence of the inflation rate and the interest rate of Bank Indonesia Certificates (SBI) on the Composite Stock Price Index (IHSG) with the US dollar exchange rate as a moderating variable on the Indonesia Stock Exchange 2007-2016. The data of this research consists of inflation rate reports, Bank Indonesia Certificate interest rate reports, US dollar exchange rate reports and reports on the Composite Stock Price Index for 120 (one hundred and twenty) months, starting from 2007 to 2016. Methods The research used in this research is associative research with quantitative data analysis. Data calculation was performed by using multiple regression analysis of the relationship, t test, F test and the coefficient of determination R2. Meanwhile, to test the moderating variable using the interaction test. The inflation rate variable (X1) and the interest rate for Bank Indonesia Certificates (SBI) (X2) with the US dollar exchange rate (X3) as the moderating variable simultaneously have a positive and insignificant effect on the Composite Stock Price Index (IHSG) (Y) on the Stock Exchange. Indonesia 2007-2016. The coefficient of determination of 0.596065 means it is known that the influence of the inflation rate variable (X1) and the interest rate for Bank Indonesia Certificate (SBI) (X2) with the US dollar exchange rate (Z) as the moderating variable is 59.61% while the rest 40.39% is explained by other variables that are not explained and examined in this study. Keywords: Inflation Rate, Bank Indonesia Certificate Interest Rate, US Dollar Exchange Rate and Composite Stock Price Index

scholarly journals Recent Comovements of the Yen-US Dollar Exchange Rate and Stock Prices in Japan

2015 ◽  
Vol 1 (2) ◽  
pp. 19
Author(s):  
Chikashi Tsuji
Keyword(s):  
Exchange Rate ◽  
Stock Returns ◽  
Stock Prices ◽  
Stock Price ◽  
Var Models ◽  
Dollar Exchange Rate ◽  
The Past ◽  
Us Dollar ◽  
The Exchange Rate ◽  
Exchange Rate Changes

<p>This paper examines the recent relations of the yen/US dollar exchange rate and stock prices in Japan. Using bivariate Bayesian Vector Autoregressive (VAR) models, we derive several interesting findings as follows. First, 1) our analyses by Bayesian VAR models clarify that recently, the daily lags of the yen/dollar exchange rate series statistically significantly explain the evolution of the Nikkei 225, Nikkei 500, Japan Securities Dealers Association Quotation (JASDAQ), and Tokyo Stock Price Index (TOPIX) Core 30 stock index prices in Japan. Second, 2) our impulse response analyses reveal that Japanese stock prices clearly respond to the yen/dollar exchange rate changes in the recent years whilst the exchange rate changes little respond to the stock prices in Japan. As above our results demonstrate, recently, the past yen/dollar exchange rate time-series much more affect the evolution of the Japanese stock prices whilst the past Japanese stock price series little affect the yen/dollar exchange rate changes. Moreover, 3) analyzing the time-varying correlation coefficients between the yen/dollar exchange rate changes and Japanese stock returns, we also find the large increases in the contemporaneous correlations between the exchange rate and stock returns in the recent years in Japan.</p>

scholarly journals Long Memory and Volatility Dynamics in the US Dollar Exchange Rate

2010 ◽  
Author(s):  
Guglielmo Maria Caporale ◽  
Luis A. Gil-Alana
Keyword(s):  
Exchange Rate ◽  
Long Memory ◽  
Dollar Exchange Rate ◽  
The Us ◽  
Us Dollar

scholarly journals FAKTOR-FAKTOR YANG MEMPENGARUHI JUMLAH KUNJUNGAN WISATAWAN DI PROPINSI SUMATERA UTARA

2021 ◽  
Vol 4 (1) ◽  
pp. 1-10
Author(s):  
Enita Rosmika
Keyword(s):  
Exchange Rate ◽  
General Knowledge ◽  
Product Knowledge ◽  
Climate History ◽  
Dollar Exchange Rate ◽  
Factors Affecting ◽  
Independent Variables ◽  
Tourism Product ◽  
The Us ◽  
Us Dollar

Tourism Product Knowledge is regarding the general knowledge of all regions in Indonesia which includes the location of the region / geography, climate, history, politics, culture, and particularly object - attractions and facilities and attractions which support it. In this study, entitled Factors Affecting Total tourist arrivals in Sumut Province Year Period 2014 -2019. The purpose of this study was to determine the number of rooms and the dollar exchange rate partially and simultaneously inuence the number of tourist arrivals in Sumut, in order to obtain a result the number of hotel rooms inuential not evident partially on the number of tourists visiting the province of Sumut, because t smaller than t table or -1.651 <1.761 while the dollar exchange rate has a signicant effect on the number of tourists visiting the province of Sumut, because t is greater than t table or 2.236> 1.740 and Total Room and the US dollar exchange rate simultaneously or together of the number of tourists visiting Sumut Province since F count> F table or 13.288> 3.59. The magnitude of the effect of independent variables on the dependent variable simultaneously can be known from the value of the coefcient of determination (R2) is equal to 0.639. This means that both variables jointly contribute to or inuence amounted to 63.9 percent of the number of tourists visiting the province of Sumut, while the remaining 36.1 percent is inuenced by other variables that are not described in the model, such as safety, service, facilities.

Optimistic and pessimistic economic sentiments and US Dollar exchange rate

2021 ◽  
Author(s):  
Sonia Kumari ◽  
Suresh Kumar Oad Rajput ◽  
Rana Yassir Hussain ◽  
Jahanzeb Marwat ◽  
Haroon Hussain
Keyword(s):  
Exchange Rate ◽  
Foreign Exchange ◽  
Foreign Exchange Market ◽  
Ordinary Least Squares ◽  
Exchange Market ◽  
Dollar Exchange Rate ◽  
The Us ◽  
Short Run ◽  
Us Dollar ◽  
The Exchange Rate

This study investigates the affiliation of various proxies of economic sentiments and the US Dollar exchange rate, mainly focusing on the real effective exchange rate of USD pairing with three other major currencies (USDEUR, USDGBP, and USDCAD). The study has employed Google Trends data of economy optimistic and pessimistic sentiments index and survey-based economy sentiments data on monthly basis from January 2004 to December 2018. The study engaged Ordinary Least Squares (OLS) and Auto-Regressive Distributed Lag (ARDL) estimation techniques to evaluate the short-run and long-run effects of economy-related sentiments and macroeconomic variables on the exchange rate. The results from the study found that Economy Optimistic Sentiments Index (EOSI) and Economy Pessimistic Sentiments Index (EPSI) appreciate and depreciate the US Dollar exchange rate in the short-run, respectively. Our sentiment measures are robust to survey-based Michigan Consumer Sentiment Index (MSCI), Consumer Confidence Index (CCI), and various macroeconomic factors. The MSCI and CCI sentiments show a long-term impact on the foreign exchange market. This study implies that economic sentiments play a vital role in the foreign exchange market and it is essential to consider behavioral aspects when modeling the exchange rate movements.

Analisis Pengaruh Inflasi, Nilai Tukar Rupiah, dan BI-Rate terhadap Harga Indeks Saham Syariah Indonesia

2021 ◽  
Vol 4 (2) ◽  
pp. 47-56
Author(s):  
Fifi Afiyanti Tripuspitorini
Keyword(s):  
Exchange Rate ◽  
Interest Rates ◽  
Stock Prices ◽  
Stock Price ◽  
Partial Least Square ◽  
Least Square ◽  
Stock Index ◽  
Macroeconomic Factors ◽  
Negative Effect ◽  
Monthly Period

Islamic investment is experiencing an upward trend from year to year. Many investors are starting to look at Islamic stocks. One of the Islamic stocks in Indonesia is the Indonesian Sharia Stock Index (ISSI). Investors must have many careful considerations to invest. One of the factors that may influence stock prices is macroeconomic factors. This study aims to determine how macroeconomic variables in the form of inflation, the rupiah exchange rate against the dollar, and Bank Indonesia interest rates can affect the ISSI stock price. This study uses a quantitative data approach. The data is obtained from the Sharia Stock Index (ISSI) in the monthly period January 2016 to December 2018.Meanwhile, data analysis used Partial Least Square (PLS) with the help of WarpPLS. The results showed that inflation and the rupiah exchange rate had no effect on the ISSI stock price. while the BI rate has a significant negative effect on the ISSI stock price.

scholarly journals ANALISIS DETERMINAN IMPOR DAGING SAPI DI INDONESIA PADA TAHUN 1990 – 2015

2019 ◽  
pp. 201
Author(s):  
Linanda Aninditha Chisilia ◽  
A.A Bagus Putu Widanta
Keyword(s):  
Exchange Rate ◽  
Linear Regression Analysis ◽  
Import Price ◽  
The United States ◽  
Tourism Industry ◽  
Dominant Factor ◽  
Dollar Exchange Rate ◽  
United States Dollar ◽  
The Us ◽  
Us Dollar

Abstract: Determinant Analysis of Beef Import in Indonesia On Year 1990-2015. The purpose ofthis study is to determine the effect of the amount of production, consumption, prices of importedand local beef and the US dollar exchange rate simultaneously on beef imports in Indonesia. Todetermine the effect of the amount of production, consumption, prices of imported and local beef and partially the US dollar exchange rate on beef imports in Indonesia. To find out the dominant variable between the amount of production, consumption, the price of imported and local beef andthe exchange rate of the United States dollar towards Indonesian beef imports. The data used inthis study are secondary using multiple linear regression analysis techniques. The results showsimultaneously a significant effect on beef imports in Indonesia. Partially the amount of productionand the US dollar exchange rate does not have a significant effect on beef imports in Indonesia.While the variable local prices and consumption partially have a positive and significant effect onbeef imports in Indonesia and the import price variable partially has a negative and significanteffect on beef imports in Indonesia. The dominant factor affecting beef imports in Indonesia isconsumption variable.Keywords: tourism industry; investment; employment opportunities; tourism sector GRDP.

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