PENGARUH FED RATE, HARGA MINYAK DUNIA, BI RATE, INFLASI DAN KURS RUPIAH TERHADAP INDEKS SAHAM SYARIAH INDONESIA (ISSI) PERIODE TAHUN 2011-2017

Abstract

<p><span style="font-family: CIDFont+F8; font-size: 9pt; color: #000000; font-style: normal; font-variant: normal;"><em>The purpose of this study is to analyze the effect of FED Rate, World Oil Price, BI Rate, Inflation</em><span style="font-family: CIDFont+F8; font-size: 9pt; color: #000000; font-style: normal; font-variant: normal;"><em> and Rupiah Rate to Indonesia Sharia Stock Index (ISSI) Period 2011-2017. The population of this</em><span style="font-family: CIDFont+F8; font-size: 9pt; color: #000000; font-style: normal; font-variant: normal;"><em> study are Indonesian Sharia Stock Index, FED Rate, World Oil Price, BI Rate, Inflation and</em><span style="font-family: CIDFont+F8; font-size: 9pt; color: #000000; font-style: normal; font-variant: normal;"><em> Rupiah Exchange Rate in 2011-2017. Determination of the sample using the census method by</em><span style="font-family: CIDFont+F8; font-size: 9pt; color: #000000; font-style: normal; font-variant: normal;"><em> taking the entire population. This study uses secondary data, time series with the amount of data</em><span style="font-family: CIDFont+F8; font-size: 9pt; color: #000000; font-style: normal; font-variant: normal;"><em> as much as 72 periods. Data analysis in this study used multiple linear regression analysis, t test</em><span style="font-family: CIDFont+F8; font-size: 9pt; color: #000000; font-style: normal; font-variant: normal;"><em> statistic, F statistical test, and coefficient of determination test (R2) with the help of computer</em><br /><span style="font-family: CIDFont+F8; font-size: 9pt; color: #000000; font-style: normal; font-variant: normal;"><em>program SPSS version 17. The result of this analysis shows that the variable of the Rupiah</em><span style="font-family: CIDFont+F8; font-size: 9pt; color: #000000; font-style: normal; font-variant: normal;"><em> Exchange Rate has a significant negative effect to the Indonesian Sharia Stock Index. However,</em><span style="font-family: CIDFont+F8; font-size: 9pt; color: #000000; font-style: normal; font-variant: normal;"><em> the variable FED Rate, World Oil Price, BI Rate, and Inflation did not have a significant effect on</em><span style="font-family: CIDFont+F8; font-size: 9pt; color: #000000; font-style: normal; font-variant: normal;"><em> Indonesian Sharia Stock Index.</em><br /></span></span></span></span></span></span></span></span></span></span></span></p><p><span style="font-family: CIDFont+F8; font-size: 9pt; color: #000000; font-style: normal; font-variant: normal;"><span style="font-family: CIDFont+F8; font-size: 9pt; color: #000000; font-style: normal; font-variant: normal;"><span style="font-family: CIDFont+F8; font-size: 9pt; color: #000000; font-style: normal; font-variant: normal;"><span style="font-family: CIDFont+F8; font-size: 9pt; color: #000000; font-style: normal; font-variant: normal;"><span style="font-family: CIDFont+F8; font-size: 9pt; color: #000000; font-style: normal; font-variant: normal;"><span style="font-family: CIDFont+F8; font-size: 9pt; color: #000000; font-style: normal; font-variant: normal;"><span style="font-family: CIDFont+F8; font-size: 9pt; color: #000000; font-style: normal; font-variant: normal;"><span style="font-family: CIDFont+F8; font-size: 9pt; color: #000000; font-style: normal; font-variant: normal;"><span style="font-family: CIDFont+F8; font-size: 9pt; color: #000000; font-style: normal; font-variant: normal;"><span style="font-family: CIDFont+F8; font-size: 9pt; color: #000000; font-style: normal; font-variant: normal;"><span style="font-family: CIDFont+F8; font-size: 9pt; color: #000000; font-style: normal; font-variant: normal;"><span style="font-family: CIDFont+F3; font-size: 9pt; color: #000000; font-style: normal; font-variant: normal;"><strong><em>Keyword : Indonesia Sharia Stock Index, FED Rate, World Oil Price, BI Rate, Inflation,</em></strong><span style="font-family: CIDFont+F3; font-size: 9pt; color: #000000; font-style: normal; font-variant: normal;"><strong><em> Rupiah Exchange Rate</em></strong></span></span></span></span></span></span></span></span></span></span></span></span><br style="font-style: normal; font-variant: normal; font-weight: normal; letter-spacing: normal; line-height: normal; orphans: 2; text-align: -webkit-auto; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-size-adjust: auto; -webkit-text-stroke-width: 0px;" /></span></p>