3.png){kind=logo}
.png)
3.jpg){kind=logo}
1.png)
1.png)
1.jpg){kind=logo}
INFLATION RATE, INTEREST RATE ON BANK INDONESIA CERTIFICATES AND GROSS DOMESTIC PRODUCT ON THE COMBINED STOCK PRICE INDEX
Abstract
The purpose of this research is to obtain empirical evidence of the influence of the inflation rate, interest rates on Bank Indonesia Certificates (SBI) and Gross Domestic Product (GDP). The independent variables used are inflation, SBI interest rates, and Gross Domestic Product (GDP). The dependent variable used is the Composite Stock Price Index (IHSG) policy. In this study, the macroeconomic factors used were the inflation rate, SBI interest rates and GDP. The data taken is the monthly closing price of each dependent and independent variable. The sampling method is 60 months of closing price data. The data used is secondary data with documentation data collection methods. The analytical tool used is multiple linear regression. The partial results of the study show that only GDP has a significant effect on the JCI on the IDX, while the inflation rate and SBI interest rates do not have a significant effect on the IHSG on the IDX. And simultaneously shows that the inflation rate, SBI interest rates and GDP have a significant effect on the IHSG on the IDX.
Keywords: JCI, inflation rate, SBI interest rate, GDP.
The purpose of this research is to obtain empirical evidence of the influence of the inflation rate, interest rates on Bank Indonesia Certificates (SBI) and Gross Domestic Product (GDP). The independent variables used are inflation, SBI interest rates, and Gross Domestic Product (GDP). The dependent variable used is the Composite Stock Price Index (IHSG) policy. In this study, the macroeconomic factors used were the inflation rate, SBI interest rates and GDP. The data taken is the monthly closing price of each dependent and independent variable. The sampling method is 60 months of closing price data. The data used is secondary data with documentation data collection methods. The analytical tool used is multiple linear regression. The partial results of the study show that only GDP has a significant effect on the JCI on the IDX, while the inflation rate and SBI interest rates do not have a significant effect on the IHSG on the IDX. And simultaneously shows that the inflation rate, SBI interest rates and GDP have a significant effect on the IHSG on the IDX.
Keywords: JCI, inflation rate, SBI interest rate, GDP.
Full Text:
PDFReferences
Aditya Krisna, Anak Agung Gde, dan Wirawati, Ni Gusti Putu. 2013. Pengaruh Inflasi, Nilai Tukar Ruoiah, Suku Bunga SBI Pada Indeks Harga Saham Gabungan Di BEI. E-Jurnal Akuntansi Universitas Udayana, ISSN: 2302-8556.
Amin, Muhammad Zuhdi. 2012.”Pengaruh Tingkat Inflasi, Suku Bunga SBI, Nilai Kurs Dollar (USD/IDR), Dan Indeks Dow Jones (DJIA) Terhadap Pergerakan Indeks Harga Saham Gabungan Di Bursa Efek Indonesia (BEI) (Periode 2008-2011)”. Jurnal Skripsi/Muhammad Zuhdi Amin/FEB UB/2012.
Bisniskeuangan.kompas.com. Diakses pada tanggal 01 April 2016.
Fahmi, Irham. 2012. Manajemen Investasi Teori Dan Soal Jawab. Jakarta: Salemba Empat.
Fakultas Ekonomi dan Bisnis. 2016. Pedoman Penulisan Skripsi. Universitas Muhammadiyah Tangerang.
Finance.detik.com. Diakses pada tanggal 15 April 2016.
Ghozali, Imam. 2016. Aplikasi Analisis Multivariate dengan Program IBM SPSS 23. Semarang: Badan Penerbit Universitas Diponegoro.
Hismendi, Hamzah, Abubakar., Musnadi, Said. 2013. Analisis Pengaruh Nilai Tukar, SBI, Inflasi dan Pertumbuhan GDP Terhadap Pergerakan Indeks Harga Saham Gabungan di Bursa Efek Indonesia. Jurnal Ilmu Ekonomi Pascasarjana Universitas Syiah Kuala, ISSN 2302-0172 pp. 16-28.
Insukindro, 1993. Ekonomi Uang Dan Bank, Edisi Pertama. Yogyakarta: BPFE-YOGYAKARTA.
Kewal, Suramaya Suci. 2012. Pengaruh Inflasi, Suku Bunga, Kurs, Dan Pertumbuhan PDB Terhadap Indeks Harga Saham Gabungan. Jurnal Economia, Volume 8, Nomor 1.
Lawrence, Steven Sugiarto. 2013.”Pengaruh Variabel Makro Ekonomi dan Harga Komoditas Terhadap Indeks Harga Saham Gabungan Di Indonesia”. Jurnal FINESTA, Vol.1, No.2, (2013) pp.18-23.
Liauw, Joven Sugianto dan Wijaya, Trisnadi. 2012.”Analisis Pengaruh Tingkat Inflasi, Tingkat Suku Bunga SBI Dan Nilai Tukar Rupiah Terhadap Indeks Harga Saham Gabungan (IHSG) Di Bursa Efek Indonesia.” Jurnal Ilmiah Mahasiswa FINESTA, Vol. 1, No. 2, (2013) 18-23.
Liputan6.com. Diakses pada tanggal 15 April 2016.
Noviatin, Ike. 2011. Hubungan inflasi, suku bunga, Produk Domestik Bruto, Nilai Tukar Jumlah Uang Beredar, dan Indek Harga Saham Gabungan (IHSG) Peiode 20015 – 2001.
Mankiw, N. Gregory. 2006. Makro Ekonomi, Edisi Keenam. Jakarta: Erlangga.
Novianto, Aditya. 2011. Analisis Pengaruh Nilai Tukar (Kurs) Dollar Amerika/Rupiah (US$/Rp), Tingkat Suku Bunga SBI, Inflasi, dan Jumlah Uang Beredar (M2) Terhadap Indeks Harga Saham Gabungan (IHSG) di Bursa Efek Indonesia (BEI) Periode 1999.1-2016.6. Skripsi Program Sarjana (S1) Fakultas Ekonomi Universitas Diponegoro, Semarang.
Novitasari, Istriyansyah. 2013. Pengaruh Inflasi, Harga Minyak Mentah Indonesia, Dan Suku Bunga (BI Rate) Terhadap Indeks Harga Saham Gabungan (IHSG) (Data Per Bulan Periode 2006-2012). Jurnal Ekonomi Fakultas Ekonomi & Bisnis Universitas Brawijaya.
Wibowo, Feri., Erifati, Rina., Raharjo, Kharis. 2016. Analisis Pengaruh Tingkat Inflasi, Suku Bunga SBI, Nilai Tukar US dollar Pada Rupiah, Jumlah Uang Beredar, Indeks Dow Jones, Indeks Nikkei 225, Dan Indeks Hangseng Terhadap Pergerakan Indeks Harga Saham Gabungan (IHSG) Periode Tahun 2010-2014.Journal of Accounting, Volume 2 No.2 Maret 2016.
Wijaya, Renny. 2013. Pengaruh Fundamental Ekonomi Makro Terhadap Indeks Harga Saham Gabungan Pada Bursa Efek Indonesia Periode 2002-2011. Jurnal Ilmiah Mahasiswa Universitas Surabaya Vol. 2 No. 1 (2013).
Winarno, Wing Wahyu. 2015. Analisis Ekonometrika dan Statistika dengan Eviews,Edisi Keempat. Yogyakarta: UPP STIM YKPN.
www.bapepam.go.id. Diakses pada tanggal 02 Juli 2016.
www.bi.go.id. Diakses pada tanggal 05 April 2016.
www.bps.go.id. Diakses pada tanggal 05 April 2016.
www.finance.yahoo.com. Diakses pada tanggal 05 April 2016.
www.investment-indonesia.com. Diakses pada tanggal 03 April 2016.
www.landasanteori.com. Diakses pada tanggal 03 April 2016.
www.republika.co.id. Diakses pada tanggal 16 Mei 2016
DOI: http://dx.doi.org/10.31000/combis.v5i1.8088
Article Metrics
Abstract - 549 PDF - 672DOI (PDF): http://dx.doi.org/10.31000/combis.v5i1.8088.g4039
Refbacks
- There are currently no refbacks.
This journal has been indexed in:
Tools
Office:
Editor of Jurnal Comparative; Ekonomi dan Bisnis UMT, Building F, 3rd Floor, Faculty of Economics and Business, Universitiy Of Muhammadiyah Tangerang
Jl. Perintis Kemerdekaan I No.33, RT.007/RW.003, Babakan, Cikokol, Kec. Tangerang, Kota Tangerang, Banten 15118
Wa: 08567312111 (Galuh), 085716034977 (Eky)
Email: dynamic@gmail.com
Jurnal Comparative: Ekonomi dan Bisnis © 2021 is licensed under CC BY-SA 4.0 
