Pengaruh Inflasi, Kurs, dan Suku Bunga Terhadap Indeks Harga Saham Gabungan di BEI Menggunakan Metode Error Correction Model
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Institusion
Universitas Katolik Musi Charitas
Author
Tan, Albert Tirratana
Subject
HG Finance
Datestamp
2022-03-05 02:40:18
Abstract :
This research aims to examine the effect of macroeconomic variables, namely: inflation rate, exchange rate, and interest rates on the composite stock price index on the Indonesia Stock Exchange for the period August 2011-July 2021. The data used are secondary data. The population of this study is all historical data on inflation, Dollar Exchange Rate (USD), interest rates, and the Composite Stock Price Index (JCI). The sampling technique used was saturated sample and obtained 111 observation. By using the analysis technique used is the Error Correction Model using the Eviews10 and SPSS applications. The results of this study indicate that inflation has no effect on the Composite Stock Price Index on the IDX in the long term and short term, the exchange rate variable has a positive and significant effect on the IDX Composite in the long term and the exchange rate has a negative and significant effect on the Composite Stock Price Index in the IDX. IDX in the short term, interest rates have a negative and significant effect on the Composite Stock Price Index on the Indonesia Stock Exchange in the long term and interest rates have no effect on the Composite Stock Price Index on the Indonesia Stock Exchange in the short term. Keywords: Inflation, Exchange Rate, Interest Rate, Composite Stock Price Index
This research aims to examine the effect of macroeconomic variables, namely: inflation rate, exchange rate, and interest rates on the composite stock price index on the Indonesia Stock Exchange for the period August 2011-July 2021. The data used are secondary data. The population of this study is all historical data on inflation, Dollar Exchange Rate (USD), interest rates, and the Composite Stock Price Index (JCI). The sampling technique used was saturated sample and obtained 111 observation. By using the analysis technique used is the Error Correction Model using the Eviews10 and SPSS applications. The results of this study indicate that inflation has no effect on the Composite Stock Price Index on the IDX in the long term and short term, the exchange rate variable has a positive and significant effect on the IDX Composite in the long term and the exchange rate has a negative and significant effect on the Composite Stock Price Index in the IDX. IDX in the short term, interest rates have a negative and significant effect on the Composite Stock Price Index on the Indonesia Stock Exchange in the long term and interest rates have no effect on the Composite Stock Price Index on the Indonesia Stock Exchange in the short term. Keywords: Inflation, Exchange Rate, Interest Rate, Composite Stock Price Index
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EM-2022-1822025-cover.pdf
EM-2022-1822025-abstract.pdf
EM-2022-1822025-complete.pdf
EM-2022-1822025-summary_id.pdf
EM-2022-1822025-tableofcontent.pdf
EM-2022-1822025-chapter1.pdf
EM-2022-1822025-chapter2.pdf
EM-2022-1822025-chapter3.pdf
EM-2022-1822025-chapter4.pdf
EM-2022-1822025-conclusion.pdf
EM-2022-1822025-reference.pdf
EM-2022-1822025-attachment.pdf
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