PENGARUH NILAI TUKAR, INFLASI DAN SUKU BUNGA SBI TERHADAP HARGA SAHAM (Studi Pada Perusahaan Rokok Yang Tercatat Di Bursa Efek Jakarta)

Sari, Soekma Anggoro (2007) PENGARUH NILAI TUKAR, INFLASI DAN SUKU BUNGA SBI TERHADAP HARGA SAHAM (Studi Pada Perusahaan Rokok Yang Tercatat Di Bursa Efek Jakarta). Other thesis, University of Muhammadiyah Malang.

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Abstract

This study entitled "Effect of Inflation, Interest Rates and Exchange Rate Against Tobacco Companies Stock Price At The Listed in the Jakarta Stock Exchange" (Period January 2003 - December 2006). This study aims to determine the influence of Inflation, Interest Rates and Exchange Rate to the stock price at cigarette company listed on the Jakarta Stock Exchange Period period January 2003 - December 2006, and to determine the condition of stock market prices on Cigarette companies listed on Stock Exchange Jakarta period January 2003 - December 2006. In this research hypothesis is: First, inflation, interest rate and exchange rate SBI significant effect on the price of tobacco company stocks listed on the Jakarta Stock Exchange. Second, the cigarette company's share price listed on the Jakarta Stock Exchange is well positioned undervalued. The population in this study is the population census for the entire population is taken as an object of research on tobacco company shares listed on the Jakarta Stock Exchange the period January 2003 - December 2006.Data which had been collected were analyzed using simple linear regression analysis model. Based on the results of simple linear regression equation 3, namely Y = 8.866 + 0.120 X1, Y is the Exchange Rate, X1 is inflation (according to the theory of Purchasing Power Parity). Y = 9.013-0.093 X2, Y is the Exchange Rate, X2 is the Interest Rates (in accordance with the doctrine of Interest Rate Parity). Y = 9.457-0.166 X3, Y is the stock price, the X3 is the Exchange Rate. Based on the analysis, found that macroeconomic variables (fundamental analysis), which consists of inflation (X1), the SBI rate (X2) and The rupiah (X3) significantly affects stock prices. From the results of the determination of stock prices shows that the cigarette company's share price listed on the Jakarta Stock Exchange is in the condition undervalued. This condition reflects that the cigarette company's shares listed on the Jakarta Stock Exchange worthy to be bought because the market price of its shares under a reasonable price.

Item Type: Thesis (Other)
Subjects: H Social Sciences > H Social Sciences (General)
Divisions: Faculty of Economic > Department of Management
Depositing User: Rayi Tegar Pamungkas
Date Deposited: 21 Jun 2012 04:37
Last Modified: 21 Jun 2012 04:37
URI: http://eprints.umm.ac.id/id/eprint/8930

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