Faktor–Faktor Ekonomi dan Non Ekonomi Terhadap Perkembangan Pasar Modal Serta Implikasinya Pada Perekonomian Nasional.

Abstract

The methodology used in this research was ex post facto with the secondary data collected from the Statistic Center Bureau, Bank Indonesia, Indonesia Stock market and Bapepam-LK. The statistical analysis used in this research to compute the data was a regression and correlation analysis with the hypothesis test significant level of α = 0.05. Results of research presented findings of the following: (i) The macro economics factors simultaneously affected the capital market development very significantly (R-square = 0.8266). (ii) The micro economics factors simultaneously affected the capital market development very significantly (R-square = 0.8015). (iii) The non economic factors simultaneously affected the capital market development very significantly (R-square = 0.7811). (vi) The effect of capital market development on gross domestic product was very significant (R-square = 0.7446). (v) Due to the general investors policy on the capital intensive investment, the effect of gross domestic product on unemployment rate was vefry significant (R-square = 0.9040). Based on the research findings, the followings were recommended: (i) Fiscal policy and monetary policy have to consider of capital market development,(ii) the enterprise have to take note of financial statements and (iii) give to protection for investors in the capital market.