Abstract :
The economic crisis in Indonesia had an impact on the declining performance of
the company?s fundamental on the stock market. Investment in essence is the
placement of funds at this time with the hope to make a profit in the future.
Investment always associated with return and risk. Investors are willing to accept
greater risks but should be compensated by the opportunity to get a return which
is also great. This research aims to understand the influence of inflation, interest
rate and rate that represent the macro factor sand level of liquidity and
profitability (ROA) of the company that represent micro-factors against the risk of
stocks investment a relisted on the Jakarta Islamic Index. the sample used is 13
companies using purposive sampling techniques. Statistical analysis of this
research is multiple regression. The inflation rate not significantly to investment
risk. BI rate significant investment risk. Exchange rate not significant risk
investment. Liquidity not significant investment risk and Return on Asset (ROA) is
not significant to investment risk.
Keywords: Macroeconomic factor and Microeconomic factor