Email this article 
Hide
Show all
Sensitivitas Makroekonomi dan Moneter Terhadap IHSG
Abstract
This study aims to examine the sensitivity of the dollar exchange rate of the dollar (USD), inflation rate, SBI and the money supply against the Composite Stock Price Index. The study sample used Monthly data in the period January 1, 2008 to January 1, 2018, which data was obtained from the monthly report of Bank Indonesia. The research method used is a quantitative approach, namely Error Correction Model (ECM) with E-Views software. The results showed that the dollar (USD) exchange rate was sensitive to the Composite Stock Price Index, SBI was not sensitive to the Composite Stock Price Index, the money supply was sensitive to the Composite Stock Price Index and the inflation rate was sensitive to the Composite Stock Price Index
Full Text:
PDFReferences
Adaramola & Olugbenga, A., (2013). The Impact of Macroeconomic Indicators on Stock Prices in Nigeria. Developing Country Studies. Vol 1(2): 1–15
Adisetiawan, R., (2018), Kausalitas Ekonomi Makro dan Globalisasi Terhadap Pasar Modal Indonesia. Ekonomis: Jurnal of Economics and Business Vol. 2(1): 66-80.
Anriansyah, I., Siregar, H., dan TB Nur Ahmad Maulana, A.N TB., (2018) Pengaruh Guncangan Makroekonomi Terhadap Integrasi Pasar Modal Di ASEAN. Jurnal Aplikasi Manajemen dan Bisnis, Vol. 4(1)
Arghyrou M.G., Pourpourides P., (2015). Inflation Announcements And Asymmetric Exchange Rateresponses. International Finance. Markets, Institutional. and Money .
Artha, R. D., Achsani, A.N., dan Sasongko, H., (2014). Analisis Fundamental, Teknikal dan Makroekonomi Harga Saham Sektor Pertanian. JMK Jurnal Manajemen Kewirausahaan, Vol. 16:2: 175-184
Atik, Y.A.I., (2012). Pengaruh Inflasi, Nilai Tukar, dan Tingkat Suku Bunga Sbi Terhadap Harga Saham Perbankan yang Terdaftar di Bursa Efek Indonesia (BEI). Jurusan Manajemen Fakultas Ekonomi Universitas Gunadarma.:1–12.
Bahloul, Slah., Mroua, Mourad and Naifar, Nadir. (2017). The Impact of Macroeconomic and Conventional Stock Market Variabels on Islamic Index return under Regime Switching. Borsa Istanbul Review. 17(1): 62-74
Binnera J.M., Tepper P.T., Andersond R., Jones B., Kendall G., (2010). Does money matter in inflation forecasting?. Physica A 389 (2010) 4793-4808
Boediono. (2005). Ekonomi Moneter. Yogyakarta: BPFE
Buffie, E.F., Aiurado M.,dan Zanna, F. 2017.Inflation Targeting and Exchange Rate Management Management in Less Developed Countries. Journal of International Money and Finance.: 1-68.
Divianto. (2013). Analisis Pengaruh Tingkat Inflasi, Tingkat Suku Bunga SBI, dan Nilai Kurs Dollar AS (USD) Terhadap Indeks Harga Saham Gabungan (IHSG) Di Bursa Efek Indonesia. Jurnal Ekonomi dan Informasi Akuntansi. Vol 3(2): 165-197
Jayanti, Yusnita, Darminto dan Nengah Sudjana. (2014). Pengaruh Tingkat Inflasi, Tingkat Suku Bunga Sbi, Nilai Tukar Rupiah, Indeks Dow Jones, Dan Indeks Klse Terhadap Indeks Harga Saham Gabungan (IHSG) Studi Pada Bursa Efek Indonesia Periode Januari 2010–Desember 2013. Jurnal Administrasi Bisnis (JAB). Vol. 11(1).
Karim, F.A., Hermanto, dan I.N., Ardana (2018), Pengaruh Faktor Fundamental Makro dan Mikro Terhadap Nilai Perusahaan (Studi PAda Saham Perusahaan Sektor Infrastruktur dan Sektor Konstruksi Yang Terdaftar di BEI Periode 2015-2017). Jurnal Magister Manajemen Unram, Vol. 7(2): 86-102
Kasman, S., Gulin, dan Gokce, T., (2011). The Impact Of Interest Rate And Exchange Rate Volatility On Banks' Stock Returns And Volatility: Evidence From Turkey. Economic Modeling. Vol 28: 1328-1334
Kewal, Suramaya Suci. (2012). Pengaruh Inflasi, Suku Bunga, Kurs dan Pertumbuhan PDB Terhadap Indeks Harga Saham Gabungan. Jurnal Economia. Vol 8(1): 53-64.
Madura, Jeff. (2009). Keuangan Perusahaan Internasional. Jakarta: Salemba Empat.
Manullang. (2008). Dasar-Dasar Manajemen. Yogyakarta: Ghalia Indonesia (GI)
Martinez. Moya Pablo, Lapena, Ferrer Roman. and Sotos, Escribano Fransisco., (2015). Interest Rate Changes and Stock Return in Spain: A Wavelet Analysis. Business Reasearch Quarterly. 18: 95-110
Maryanne, D.M.D. (2009). Pengaruh Nilai Tukar Rupiah, Suku Bunga SBI, Volume Perdagangan Saham, Inflasi dan Beta Saham Terhadap Harga Saham. Tesis Program Magister Manajemen Universitas Diponegoro Semarang.
Mohamad, Firdaus. (2004). Ekonometrika Suatu Pendekatan Aplikatif. Jakarta : Bumi Aksara
Murtini dan Septivanie. (2016). Sensitivitas Dollar, Yuan, Yen dan SBI Terhadap IHSG. Jurnal Riset Akuntansi dan Keuangan. Volume 12(2): 131-140
Nguyen VB. (2015). Effects Of Fiscal Deficit And Money M2 Supply On Inflation: Evidence From Selected Economies Of Asia. Journal of Economics, Finance and Administrative Science 20: 49–53.
Ramadhan, L.T. (2011). Pengaruh Variabel Mikro dan Makro Ekonomi terhadap Defensive Stock Price dan Cyclical Stock Price Pada Perusahaan yang Terdaftar di Bursa Efek Indonesia. Karya Ilmiah, STIE Perbanas Surabaya.
Saputra R.A., Harjito D.A., (2015). Hubungan Kausalitas Antara Nilai Tukar Dengan Harga Saham Dan Inflasi Di Indonesia. Jurnal Manajemen Bisnis Indonesia Vol. 3(1)
Sugiyono. (2010). Metode Penelitian Kuantitatif Kualitatif & RND. Bandung: Alfabeta
Suselo, D., Djazuli, A, dan Indrawati, K.N., (2015), Pengaruh Variabel Fundamental dan Makro Ekonomi terhadap Harga Saham (Studi pada Perusahaan yang Masuk dalam Indeks LQ45). Jurnal Aplikasi Manajemen (JAM), Vol. 13(1): 104-116
Tandelilin, E., (2010). Portofolio dan Investasi : Teori dan Aplikasi. Edisi 1. Yogyakarta: Kanisius
DOI: https://doi.org/10.26905/afr.v2i1.3018
Refbacks
- There are currently no refbacks.
This work is licensed under a Creative Commons Attribution-NonCommercial 4.0 International License.
AFRE (Accounting and Financial Review) Postgraduate - University of Merdeka Malang Postgraduate Building, Terusan Dieng Street 62-64 | Other Link | Follow Us | |||||
| Site Home Journal Unmer Malang Postgraduate LPPM Library Repository |
|
AFRE (Accounting and Financial Review) |
