PENGARUH FAKTOR MAKROEKONOMI DAN MIKROEKONOMI TERHADAP VOLATILITAS HARGA SAHAM SYARIAH (Studi Kasus Perbandingan di Indonesia dan Malaysia Periode 2010-2014)
Daftar Isi:
- ABSTRACT WAHYU WASTUTI. The Influence of Macroeconomic and Microeconomic Factors toward Sharia Stock Price Volatility (Comparison Study in Indonesia and Malaysia Period 2010-2014). Faculty of Economics. Universitas Negeri Jakarta. 2016 This research conducted to compare macroeconomic factors such as ER, INR, M2 and microeconomic factor such as TATO, DER, DPR toward Sharia Stock Price Volatility in Indonesia and Malaysia. Beside that, this study analyze the influence of ER, INR, M2, TATO, DER and DPR toward Sharia Stock Price Volatility. This research using 10 samples of sharia stock that become top ten which listed in Jakarta Islamic Index (JII) in Indonesia and Finance Time Stock Exchange Bursa Malaysia Sharia Index (FBMSH) in Malaysia. This comparative analysis method using Independent Sample t Test show that they were differences of INR, M2, TATO and DPR in Indonesia and Malaysia but no difference ER and DER between Indonesia and Malaysia. Next, to know influence of independent variables toward dependent variable using associative analysis, a panel method will be applied, using chow test and hausman test to decide the best model that resulting Random Effect Model for the best model in Indonesia and Malaysia. ER and TATO in Indonesia has positive influence mean while INR, M2, DER and DPR has negative influence. In Malaysia, ER, TATO and DER has positive influence mean while INR, M2 and DPR has negative influence. Key words: Sharia Stock Price Volatility, ER, INR, M2, TATO, DER, DPR