Pengaruh Perubahan Harga Minyak Dunia, Tingkat Inflasi, Kurs Rupiah dan BI Rate Terhadap Indeks Harga Saham Gabungan dan Indeks Sektoral di Bursa Efek Indonesia
| Main Authors: | , Affandi Rahmat, , Taufikur Rahman, SE., M.B.A. |
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| Format: | Thesis NonPeerReviewed |
| Terbitan: |
[Yogyakarta] : Universitas Gadjah Mada
, 2013
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| Subjects: | |
| Online Access: |
https://repository.ugm.ac.id/118232/ http://etd.ugm.ac.id/index.php?mod=penelitian_detail&sub=PenelitianDetail&act=view&typ=html&buku_id=58176 |
Daftar Isi:
- Economic growth holds a significant role in improving social welfare of a country. One of a country�s economic progress parameters is depicted from industrial sectors� growth in its capital market. Indonesia Stock Exchange (BEI) is one of capital markets in which stock transaction is conducted. Changes in stock prices are influenced by many factors. Changes in world oil price, inflation rate, exchange rate and BI rate are examples of macroeconomic factors that are uncontrollable by company and have influence on a country�s economy. Composite Stock Price Index (IHSG) is an indicator of capital market development in Indonesia which is provided by Indonesia Stock Exchange. IHSG has sub-indexes called as Sectorial Index which currently consists of 10 sectors. Sectorial index is a general picture of performance development of companies grouped in a particular sector. This study is an empirical research using quantitative method aiming at explaining the relationship of effect in world oil price change, inflation rate, exhange rate, and BI rate on IHSG and Sectorial indexes of Indonesia Stock Exchange. Samples taken are monthly data gathered from 2007 to 2011. Data analysis method used is correlation analysis which is Pearson product moment. Analysis result shows that BI rate, inflation, and exchange rate has a negative correlation towards IHSG and Sectoral Index, whereas the world oil price change correlates positively towards IHSG and Sectoral Index in Indonesia Stock Exchange.