Abstract :
Penelitian ini bertujuan untuk mengetahui pengaruh inflasi, kurs, suku bunga seven days repo rate
terhadap indeks harga saham gabungan pada bursa efek Indonesia periode 2017-2021. Pariabel
independen dalam penelitian ini adalah inflasi (X1), kurs (X2) dan suku bunga seven days repo rate
(X3) dan variabel dependen adalah indeks harga saham gabungan (Y). jenis penelitian yang
digunakan yaitu penelitian explanatory research, dengan pendekatan kuantitatif. Jumlah sampel
penelitian yaitu di peroleh sebanyak 10 sampel. Analisis data yang digunakan adalah analisis regresi
linier berganda.
Hasil penelitian menunjukkan bahwa nilai koefision determinasi (R2
) sebesar 0,208 yang
berarti tidak ada factor-faktor lain yang sangat berpengaruh terhadap variabel ISHG. Hasil uji f
menunjukkan bahwa variabel independen inflasi, kurs dan suku bunga seven days repo rate secara
simultan berpengaruh positif dan signifikan terhadapm IHSG. Hasil uji t menunjukkan bahwa variabel
inflasi berpengaruh negatif atau tidak signifikan terhadap indeks harga saham gabungan, bahwa
variabel kurs berpengaruh negatif atau tidak signifikan terhadap indeks harga saham gabungan,
variabel suku bunga seven days repo rate berpengaruh positif terhadap indeks harga saham gabungan.
Kata Kunci: Inflasi, Kurs, Suku bunga Seven Days Repo Rate dan Indeks Harga Saham Gabungan.
ABSTRACT
This study aims to determine the effect of inflation, exchange rates, interest rates of the seven days
repo rate on the composite stock price index on the Indonesian stock exchange for the period 2017-
2021. The independent variables in this study are inflation (X1), exchange rate (X2) and seven days
repo rate (X3) and the dependent variable is the composite stock price index (Y). the type of research
used is explanatory research, with a quantitative approach. The number of research samples is
obtained as many as 10 samples. Analysis of the data used is multiple linear regression analysis.
The results showed that the coefficient of determination (R2) was 0.208, which means that
there are no other factors that greatly affect the ISHG variable. The results of the f test show that the
independent variables of inflation, exchange rate and interest rates of the seven days repo rate
simultaneously have a positive and significant effect on the JCI. The results of the t-test indicate that
the inflation variable has a negative or insignificant effect on the joint stock price index, that the
exchange rate variable has a negative or insignificant effect on the joint stock price index, the interest
rate variable of seven days repo rate has a positive effect on the joint stock price index.
Keywords: Inflation, exchange rate, Seven Days Repo Rate and Composite Stock Price Index.