Abstract

ABSTRACT
 
 The fluctuation happens in Composite Stock Price Index at Bursa Efek Indonesia (BEI) caused by many factors, such as BI Rate, exchange rate of US Dollar, and other countries stock index. The purpose of this research is to aim the influence of BI Rate, exchange rate, STI, SET, and KLSE to Composite Stock Price Index. This research was conducted on all closing data at the end of each month of BI Rate, exchange rate of US Dollar, and stock price of STI, SET, and KLSE by using saturation sampling method. The total sample of this research are 60 with observation period for 5 years long so the total amount of observation samples in this research are 300. The data was obtained from official website about BI Rate, exchange rate of US Dollar, and other countries stock index at 2012-2016. Analysis technique which used in this research is multiple regression linier method. The result founded that BI Rate has negative effect, for exchange rate of US Dollar, SET, and KLSE have positive effect on Composite Stock Price Index. Only STI that doesn’t have effect on Composite Stock Price Index. 
 Keywords: Composite Stock Price Index, BI Rate, Exchange Rate of US Dollar, STI, SET, KLSE

Highlights

  • Berkat adanya globalisasi, hampir seluruh negara di dunia saling terhubung, tak terkecuali hubungan ekonomi antar negara

  • This research was conducted on all closing data at the end

  • The data was obtained from official website about BI Rate

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Summary

Pergerakan dari indeks harga saham pada suatu negara bisa digunakan sebagai

Ni Made Sania Candradewi dan Gerianta Wirawan Yasa. Pengaruh. Secara teoretis diharapkan penelitian ini bagi peneliti selanjutnya sebagai acuan untuk melakukan penelitian yang berhubungan dengan tingkat suku bunga SBI, nilai tukar Rupiah atas Dollar AS, dan indeks harga saham STI, SET, dan KLSE pada IHSG di BEI. Lokasi penelitian dilakukan pada BEI yang didapat dengan mengakses situs www.bi.go.id untuk tingkat suku bunga dan data indeks harga saham STI, SET, dan KLSE serta nilai tukar Rupiah atas Dollar AS diperoleh dari websiteyahoo finance (finance.yahoo.com) dan id.investing.com. Variabel bebas dalam penelitian ini adalah tingkat suku bunga SBI; nilai tukar Rupiah atas Dollar AS; dan indeks harga saham pada STI, SET, dan KLSE. Sampel penelitian ini yaitu tingkat suku bunga, nilai tukar Rupiah atas Dollar AS, dan indeks harga saham STI, SET, dan KLSE yang dibatasi pada data penutupan tiap akhir bulan selama periode pengamatan antara tahun 2012-2016. Pada Tabel disajikan hasil statistik deskriptif data awal dari variabelvariabel yang digunakan dalam penelitian inidan menjelaskan mengenai hasil uji asumsi klasik

Deviasi Standar
Unstandardized Standardized t

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