Dampak Makroekonomi Terhadap Investasi Portofolio Asing di Indonesia

Titis Nistia Sari, Dhea Zatira

Abstract


Penelitian ini dilakukan untuk menguji dampak makroekonomi terhadap investasi portofolio asing di Indonesia periode tahun 2020-2023, pendekatan dilakukan menggunakan analisis regresi berganda. Data dalam penelitian ini menggunakan data sekunder yang diperoleh dari Bank Indonesia, Otoritas Jasa Keuangan dan Kementrian Perdagangan Indonesia. Hasil dari penelitian ini menunjukkan bahwa Inflasi tidak memiliki pengaruh terhadap Investasi Portofolio Asing (FPI) jangka pendek dan jangka panjang dan kurs tidak berpengaruh terdahap Investasi Portofolio Asing (FPI) jangka pendek, namun kurs berpengaruh terdahap Investasi Portofolio Asing (FPI) jangka panjang.


References


Ahmad, F., Draz, M. U., & Yang, S. (2015). Determinants of Foreign Portfolio Inflows: Analysis and Implications for China. Asian Journal of Finance & Accounting, 7(2), 66. https://doi.org/10.5296/ajfa.v7i2.8165

Akinmulegun.S.O. (2018). Capital Market Development and Foreign Portfolio Investment Inflow in Nigeria (1985-2016). Advances in Economics and Business, 6(5), 299–307. https://doi.org/10.13189/aeb.2018.060503

Al-Smadi, M. O. (2018). Determinants of foreign portfolio investment: The case of Jordan. Investment Management and Financial Innovations, 15(1), 328–336. https://doi.org/10.21511/imfi.15(1).2018.27

Al, E. et. (2012). Modelling the long run determinants of domestic private investment in Nigeria. Journal of Economics and Sustainable Development, 8(13), 139–152. https://doi.org/10.5539/ass.v8n13p139

Asnawi, S. kelana. (2021). Do Foreign Funds Affect Indonesian Capital Market Liquidity? Jurnal Ilmiah Ekonomi Dan Bisnis, 18(2), 99–108. https://doi.org/10.31849/jieb.v18i2.6313

Astuty.F. (2017). Analisis Investasi Asing Langsung Dan Faktor-Faktor Yang Mempengaruhinya Di Indonesia. Jurnal Mutiara Akuntansi, 2(2), 48–62.

Byrne, J. P., & Fiess, N. (2011). International capital flows to emerging markets: National and global determinants. Journal of International Money and Finance. https://doi.org/10.1016/j.jimonfin.2015.11.005

Chenery, H. B., & Bruno, M. (1962). Development Alternatives in an Open Economy: The Case of Israel. The Economic Journal, 72(285), 79. https://doi.org/10.2307/2228618

Dang, V. C., Le, T. L., Nguyen, Q. K., & Tran, D. Q. (2020). Linkage Between Exchange Rate and Stock Prices: Evidence from Vietnam. Journal of Asian Finance, Economics and Business, 7(12), 95–107. https://doi.org/10.13106/JAFEB.2020.VOL7.NO12.095

Dewi, T. M., & Cahyono, H. (2016). Pengaruh Pertumbuhan Ekonomi, Bi Rate, Dan Inlfasi Terhadap Investasi Asing Langsung Di Indonesia. Jurnal Pendidikan Ekonomi, 4(3), 1–7.

Eliza.M, I. . (2013). Analisis Pengaruh Variabel Makroekonomi terhadap Investasi Asing DI INDONESIA (TAHUN 2000:1 – 2011:4). Jurnal Ilmiah Mahasiswa FEB, 1(2), 1–19.

Ma, C. K., & Kao, G. W. (1990). On Exchange Rate Changes and Stock Price Reactions. Journal of Business Finance & Accounting, 17(3), 441–449. https://doi.org/10.1111/j.1468-5957.1990.tb01196.x

Mankiw, N. G. (2009). Macroeconomics.(7th ed.). Worth Publisher.

Neldi, M., Syahira, N., Elfiswandi, E., Zefriyenni, Z., & Yeni, F. (2021). Faktor-Faktor Yang Mempengaruhi Ihsg Pada Perusahaan Perbankan Tahun 2015-2019. Jurnal Manajemen Pendidikan Dan Ilmu Sosial, 2(1), 347–359. https://doi.org/10.38035/jmpis.v2i1.544

Nisa’, E. L. K., & Juliprijanto, W. (2022). Analisis Faktor Yang Mempengaruhi Investasi Asing Langsung Di Indonesia Pada Tahun 1989 - 2019. Transekonomika: Akuntansi, Bisnis Dan Keuangan, 2(1), 29–44. https://doi.org/10.55047/transekonomika.v2i1.102

Onuorah, A. C.-C. (2013). Impact of Macroeconomic Indicators on the Performance of Foreign Portfolio Investment in Nigeria. Developing Country Studies, 5(2), 1–15. https://doi.org/10.5897/AJBM10.1480

Sahiti, A., Sahiti, A., & Zeqiri, R. (2015). The determinants of foreign direct investment: Empirical evidence from Kosovo. Advances in Business Related Scientific Research Journal, 11(1), 67–76.

Sarno, L., Tsiakas, I., & Ulloa, B. (2015). What drives international portfolio flows? Journal of International Money and Finance, 60, 53–72. https://doi.org/10.1016/j.jimonfin.2015.03.006

Siregar, D. (2011). Analisis Faktor-Faktor yang Mempengaruhi Perubahan Investasi Portofolio Asing di Indonesia. Institut Pertanian Bogor.

Siregar, E. S. (2016). Pengaruh Tingkat Inflasi Terhadap Investasi Daerah Sumatera Utara. Jurnal Education and Development STKIP Tapanuli Selatan, 1(4), 2527–4295.

Tandelilin, E. (2010). Portofolio dan Investasi: Teori dan Aplikasi. Kanisius.

Wardhani, D. P. (Ditasari), & Suharyono, S. (Suharyono). (2017). Pengaruh Nilai Total Ekspor Dan Variabel Makroekonomi Lainnyaterhadap Foreign Direct Investment (Fdi) Di Indonesia. Jurnal Administrasi Bisnis S1 Universitas Brawijaya, 50(5), 171–180. https://www.neliti.com/publications/188845/

Wardhono, A., Qori’ah, C. G., Nasir, M. A., & Aprilia, A. (2020). Analisis Dampak Indikator Makroekonomi terhadap Investasi Portofolio di ASEAN 4. Jurnal Ekonomi Indonesia, 9(1), 81–97. https://doi.org/10.52813/jei.v9i1.43




DOI: http://dx.doi.org/10.31000/jmb.v13i1.11014

Article Metrics

Abstract - 420 PDF (Bahasa Indonesia) - 318

DOI (PDF (Bahasa Indonesia)): http://dx.doi.org/10.31000/jmb.v13i1.11014.g5051

Refbacks

  • There are currently no refbacks.


Creative Commons License
This work is licensed under a Creative Commons Attribution-ShareAlike 4.0 International License.