Macroeconomic And Net Foreign Factors That Affect The Composite Stock Price Index

Authors

  • Reva Yuliani Fakultas Bisnis dan Manajemen, Universitas Widyatama. Author
  • Deden Sutisna Fakultas Bisnis dan Manajemen, Universitas Widyatama Author
  • Desy Oktaviani Fakultas Bisnis dan Manajemen, Universitas Widyatama Author
  • Gita Genia Fatihat Fakultas Bisnis dan Manajemen, Universitas Widyatama Author
  • Oliver Hasan Padmanegara Fakultas Bisnis dan Manajemen, Universitas Widyatama Author

DOI:

https://doi.org/10.61841/0r79dc18

Keywords:

Inflation, Exchange Rate, SBI, Money Supply, Net Foreign, Composite

Abstract

This study aims to examine the effect of Indonesia's macroeconomic and foreign transactions on the Composite Stock Price Index. The data analysis technique used in this study is to use linear regression analysis multiple. The data used in this study is the time series data for the 2016-2018 period. SBI variable has a negative and significant effect on composite. Inflation, Exchange Rate, SBI, Amount of Money Supply and net foreign transactions Simultaneously influence the composite. whereas partially the variables that influence the composite are the exchange rate, the SBI and the money supply. Macroeconomic variables used in this study can explain the composite of 61% while the rest is influenced by other variables. Investors should decide before investing to take into account macroeconomic variables. The difference between this study and previous research adds the variable Number of Outstanding Shares and foreign transactions in the Indonesian capital market 

Downloads

Download data is not yet available.

References

[1] Amin, Muhammad Zuhdi. (2012). Influence of Inflation Rate, SBI Interest Rates, Dollar Exchange Rate (USD

/ IDR), and Dow Jones Index (DJIA) on the Movement of the Composite Stock Price Index on the Indonesia

Stock Exchange (BEI) (2008-2011 Period). Thesis Journal, Malang. Brawijaya University Undergraduate

Program.

[2] Brigham and Hosuton (2010). Fundamentals of Financial Management. Jakarta: Salemba Empat.

[3] Fahmi, Irham (2014). Analysis of financial statements. Bandung: Alfabeta

[4] Gumilang R. C (2014). The influence of macroeconomic variables, gold prices and world oil prices on the

composite stock price index (Study on the Indonesia Stock Exchange Period 2009-2013). Journal of

Business Administration 14 (2).

[5] Kieso, Weygandt, and Warfield. (2011). Intermediate Accounting, Twelfth Edition, Erlangga, Jakarta Brigham

and Hosuton (2010). Fundamentals of Financial Management. Jakarta: Salemba Empat.

[6] Krisna, A. A. G. A., & Wirawati, N. (2013). Faculty of Economics, Udayana University (UNUD), Bali,

Indonesia The capital market in Indonesia has experienced better development, in terms of Indonesia (IDX)

from year to year so that more types of interest rates, and value securities. E-Journal of Accounting, Udayana

University, 2, 421-435.

[7] Mankiw, N. Gregory., Quah, Euston., And Wilson, Peter. 2012. Introduction Macro economics. Asian edition.

Jakarta: Salemba.

[8] Neal, B.C., et al. 2002. Herding & Feedback Trading by Foreign Investors: The Case of Indonesia during the

Asian Financial Crisis. Working Paper. European Financial Management Association

[9] Nopirin 2012. Introduction to Macroeconomics. Yogyakarta: BPFE Yogyakarta.

[10] Septian Prima. (2012). Analysis of the Influence of Inflation, World Oil Prices, World Gold Prices and

Rupiah Exchange Rates Against the Jakarta Islamic Index on the Indonesia Stock Exchange (Period January

2005-March 2012), Gunadarma University

[11] Hussain, H.I., Herman, Ghani, E.K. & Razimi, M.S.A. (2019) Systematic Risk and Determinants of Cost of

Capital: An Empirical Analysis of Selected Case Studies, Journal of Security and Sustainability Issues, 9 (1),

295 – 307.

[12] Zaretta, Bara. 2015. The Effects of Foreign Investment towards Market Return with Vector Autoregression (VAR): Study on the Exchange Indonesian Securities, January 2008 Period - December 2013. Semarang: Diponegoro University

[13] Saudi, M.H.M., Sinaga, O. & Rospinoedji, D., The role of tax education in supply chain management: A case of Indonesian supply chain companies, Polish Journal of Management Studies 18(2):304-319, December 2018.

Downloads

Published

29.02.2020

Issue

Vol. 24 No. 1 (2020): 24 (1) 2020

Section

Articles

License

You are free to:

  1. Share — copy and redistribute the material in any medium or format for any purpose, even commercially.
  2. Adapt — remix, transform, and build upon the material for any purpose, even commercially.
  3. The licensor cannot revoke these freedoms as long as you follow the license terms.

Under the following terms:

  1. Attribution — You must give appropriate credit , provide a link to the license, and indicate if changes were made . You may do so in any reasonable manner, but not in any way that suggests the licensor endorses you or your use.
  2. No additional restrictions — You may not apply legal terms or technological measures that legally restrict others from doing anything the license permits.

Notices:

You do not have to comply with the license for elements of the material in the public domain or where your use is permitted by an applicable exception or limitation .

No warranties are given. The license may not give you all of the permissions necessary for your intended use. For example, other rights such as publicity, privacy, or moral rights may limit how you use the material.

How to Cite

Yuliani, R., Sutisna, D., Oktaviani, D., Genia Fatihat, G., & Hasan Padmanegara, O. (2020). Macroeconomic And Net Foreign Factors That Affect The Composite Stock Price Index. International Journal of Psychosocial Rehabilitation, 24(1), 2559-2565. https://doi.org/10.61841/0r79dc18