ANALISIS DATA PANEL: PENGARUH NILAI TUKAR RUPIAH, INFLASI DAN SUKU BUNGA SBI TERHADAP HARGA SAHAM JAKARTA ISLAMIC INDEX (JII)

Choirul, Rachmat (2008) ANALISIS DATA PANEL: PENGARUH NILAI TUKAR RUPIAH, INFLASI DAN SUKU BUNGA SBI TERHADAP HARGA SAHAM JAKARTA ISLAMIC INDEX (JII). Other thesis, University of Muhammadiyah Malang.

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Abstract

Capital market represent alternative accumulator of fund to company besides banking institute. Capital market conducive company publish sekuritas which in the form of debenture ( proprietary marking letter and bond) proprietary marking letter ( share). Performance capital market very influenced by macro condition of economics. Macro indicator of stable economics of implication will at stable share price index, on the contrary if macro indicator of economics an unstable state hence share price index will weaken This research aim to analyse some macro economic indicator that is inflation, rupiah exchange rate, rate of interest of SBI and of influence to share price of Jakarta Islamic Indexs ( JII). Price index Share in this research is annual share price companys merged into JII a number of 22 company which immanent continually during period four year ( 2003-2006). Free variable in this research is rupiah exchange rate, Inflation, Rate Of Interest Certificate Indonesia Bank ( SBI). Third of the free variable checked its influence by parsial and by together to variable tied ( JII). Data from each variable taken technicsly documentation with later time periods of year during 2003-2006 is. Technics of analysis make doubled linear regresion and panel data constructively computer program of Eviews 3.1 Result of this research indicate that there are negative influence and signifikan from third free variable ( rupiah exchange rate, inflation, rate of interest of SBI) to variable tied ( share price of JII). By using (t test) earn known by parsial rupiah exchange rate, inflation, rate of interest of SBI have an effect on negativity to share price of JII. While with (F test) can know that rupiah exchange rate, inflation, rate of interest of SBI by together have influence to JII. Of analysis as a whole can be taken by conclusion that macro indicator of economics which in the form of rupiah exchange rate, inflation, and rate of interest of SBI having an effect on negativity to share price of JII. While with (F test) can know that rupiah exchange rate, inflation, rate of interest of SBI by together have influence to JII. Of analysis as a whole can be taken by conclusion that macro indicator of economics which in the form of rupiah exchange rate, inflation, and rate of interest of SBI have an effect on negativity to share price of JII., If weak rupiah exchange rate, inflation go up, and rate of interest of SBI high hence share price of JII will go down, on the contrary If strong rupiah exchange rate, inflation go down, and rate of interest of SBI low hence share price of JII will go up.

Item Type: Thesis (Other)
Subjects: H Social Sciences > HB Economic Theory
Divisions: Faculty of Economic > Department of Economics and Development Studies
Depositing User: Anggit Aldila
Date Deposited: 01 May 2012 04:40
Last Modified: 01 May 2012 04:40
URI: http://eprints.umm.ac.id/id/eprint/3567

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