ANALISIS FAKTOR-FAKTOR MAKROEKONOMI YANG MEMPENGARUHI INDEKS HARGA SAHAM GABUNGAN (IHSG)
| Main Authors: | Perdana, I Komang Rangga, Setyari, Ni Putu Wiwin |
|---|---|
| Format: | Article info application/pdf eJournal |
| Bahasa: | eng |
| Terbitan: |
Fakultas Ekonomi dan Bisnis Universitas Udayana
, 2023
|
| Online Access: |
https://ojs.unud.ac.id/index.php/eeb/article/view/86012 https://ojs.unud.ac.id/index.php/eeb/article/view/86012/51546 |
Daftar Isi:
- The capital market is very important for the economy of a country, because through buying and selling activities in the capital market can be known the purchasing power of investors or called investors which is often used as a benchmark for the economic condition of a country. Stocks are one of the capital market instruments that are growing among the people of Indonesia. In Indonesia, the state of the stock market composite stock price index (JCI). The movement of JCI is influenced by several domestic (internal) factors, including macroeconomic factors. The purpose of this study is to analyze the relationship of macroeconomic variables including Inflation, Exchange Rate, and Industrial Production Index (IPI) to JCI. This research was conducted in Indonesia. Data collection is carried out by documentation of secondary data from several related bodies as well as online sites. This study uses the Autoregressive Distributed Lag (ARDL) approach to look at the influence of Inflation, Exchange Rate, and Industrial Production Index (IPI) on JCI over time, as well as the influence of past JCI variables on present JCI. The results showed that Inflation and Exchange Rate had a significant influence on JCI and the Industrial Production Index (IPI) had no significant effect on JCI.
- Pasar modal merupakan hal yang sangat penting bagi perekonomian suatu negara, karena melalui kegiatan jual beli di pasar modal dapat diketahui daya beli penanam modal atau disebut investor yang sering kali dijadikan sebagai tolak ukur kondisi perekonomian suatu negara. Saham adalah salah satu instrumen pasar modal yang semakin berkembang di kalangan masyarakat Indonesia.). Di Indonesia, keadaan pasar saham Indeks Harga Saham Gabungan (IHSG). Pergerakan IHSG dipengaruhi oleh beberapa faktor dalam negeri (internal), diantaranya faktor makroekonomi. Tujuan penelitian ini adalah untuk menganalisis hubungan variabel makroekonomi meliputi Inflasi, Kurs, dan Indeks Produksi Industri (IPI) terhadap IHSG. Penelitian ini dilakukan di Indonesia. Pengumpulan data dilakukan dengan dokumentasi data sekunder dari beberapa badan yang terkait maupun situs online. Penelitian ini menggunakan pendekatan Autoregressive Distributed Lag (ARDL) untuk melihat pengaruh Inflasi, Kurs, dan Indeks Produksi Industri (IPI) terhadap IHSG dari waktu ke waktu, berikut juga pengaruh variabel IHSG masa lampau terhadap IHSG masa kini. Hasil penelitian menunjukan hasil bahwa Inflasi dan Kurs memiliki pengaruh signifikan terhadap IHSG dan Indeks Produksi Industri (IPI) tidak berpengaruh signifikan terhadap IHSG.