Pengaruh Inflasi, Produk Domestik Bruto dan Nilai Tukar Rupiah terhadap Indeks Harga Saham Gabungan di Bursa Efek Indonesia Periode Januari 2016 – Desember 2021

Authors

  • Fitri Purwatiningsih Universitas Muhammadiyah Sidoarjo
  • Sriyono Sriyono Universitas Muhammadiyah Sidoarjo

DOI:

https://doi.org/10.47134/innovative.v2i1.39

Keywords:

inflasi, produk domestik bruto, nilai tukar rupiah, indeks harga saham gabungan (IHSG)

Abstract

Penelitian ini bertujuan untuk mengetahui pengaruh Inflasi, Produk Domestik Bruto dan Nilai Tukar Rupiah terhadap Indeks Harga Saham Gabungan (IHSG). Teknik pengambilan sampel menggunakan metode sampling jenuh dimana seluruh populasi dalam penelitian ini digunakan sebagai sampel, dimana dalam penelitian ini data diambil setiap bulan dengan jumlah sampel 72. Analisis yang digunakan dalam penelitian ini dalam ¬eviews 10. Hasil penelitian ini menunjukkan bahwa Inflasi, Produk Domestik Bruto dan Nilai Tukar Rupiah secara simultan berpengaruh signifikan terhadap Indek Harga Saham Gabungan (IHGS). Inflasi dan Produk Domestik Bruto secara parsial tidak berpengaruh siginifikan terhadap Indeks Harga Saham Gabungan (IHSG). Sedangkan Nilai Tukar Rupiah berpengaruh signifikan dan negatif terhadap Indeks Harga Saham Gabungan (IHSG).

References

Aggarwal, D. (2018). Random walk model and asymmetric effect in Korean composite stock price index. Afro-Asian Journal of Finance and Accounting, 8(1), 85–104. https://doi.org/10.1504/AAJFA.2018.089210 DOI: https://doi.org/10.1504/AAJFA.2018.10009906

Anasthasia, C., de Rozari, P. E., & Amtiran, P. Y. (2019). The Influence of Rupiah Exchange Rate, Interest Rate Levels, and The Composite Stock Price Index to Financial Deepening in Indonesia. International Journal of Conference on Tourism Economics and Accounting Management Social Science, 103(19), 117–121. https://doi.org/10.2991/teams-19.2019.18

Anasthasia, C., Rozari, P. E. de, & Amtiran, P. Y. (2019). The Influence of Rupiah Exchange Rate, Interest Rate Levels, and The Composite Stock Price Index to Financial Deepening in Indonesia. International Journal of Conference on Tourism, Economics, Accounting, Management, and Social Science, 103(19), 117–121. https://doi.org/10.2991/teams-19.2019.18 DOI: https://doi.org/10.2991/teams-19.2019.18

Chen, T. (2023). Prediction Calculation of Stock Composite Index Closing Price Based on Grey Correlation Analysis Method. Lecture Notes in Electrical Engineering, 1031, 177–183. https://doi.org/10.1007/978-981-99-1428-9_20 DOI: https://doi.org/10.1007/978-981-99-1428-9_20

FoEh, J., Suryani, N. K., & Silpama, S. (2020). The Influence of Inflation Level, Exchange Rate and Gross Domestic Product on Foreign Direct Investment in the ASEAN Countries on 2007 - 2018. European Journal of Business, Management and Research, 5(3), 3–8. https://doi.org/10.24018/ejbmr.2020.5.3.311

FoEh, J., Suryani, N. K., & Silpama, S. (2020). The Influence of Inflation Level, Exchange Rate and Gross Domestic Product on Foreign Direct Investment in the ASEAN Countries on 2007 - 2018. European Journal of Business and Management Research, 5(3), 3–8. https://doi.org/10.24018/ejbmr.2020.5.3.311 DOI: https://doi.org/10.24018/ejbmr.2020.5.3.311

Fuad, F., & Yuliadi, I. (2021). Determinants of the Composite Stock Price Index (IHSG) on the Indonesia Stock Exchange. International Journal of Economic Research and Social Sciences, 5(1), 27–41. https://doi.org/10.18196/jerss.v5i1.11002

Fuad, F., & Yuliadi, I. (2021). Determinants of the Composite Stock Price Index (IHSG) on the Indonesia Stock Exchange. International Journal of Economics Research and Social Sciences, 5(1), 27–41. https://doi.org/10.18196/jerss.v5i1.11002 DOI: https://doi.org/10.18196/jerss.v5i1.11002

Gunarto, A. G. (2019). The Effect of Macroeconomy on Stock Performance of LQ45 Companies at IDX. International Journal of Business, Economics, and Law, 19(1), 22–29. https://doi.org/10.1016/2019.12.009

Gunarto, A. G. (2019). The Effect of Macroeconomy on Stock Performance of LQ45 Companies at IDX. International Journal of Business, Economics, and Law, 19(1), 22–29. https://doi.org/10.1016/2019.12.009

Halisa, N. N., & Annisa, S. (2020). Pengaruh Covid-19 terhadap Pergerakan Indeks Harga Saham Gabungan (IHSG). Journal of Management and Organization, 11(3), 170–178. https://doi.org/10.29244/jmo.v11i3.32657 DOI: https://doi.org/10.29244/jmo.v11i3.32657

Handayani, W., & Oktavia, S. (2018). Effect of Rupiah Exchange Rate, GDP Growth, and Dow Jones Index on Composite Stock Price Index in Indonesia Stock Exchange. International Journal of Accounting, Strategy, and Finance, 1(01), 23–32. https://doi.org/10.33005/jasf.v1i01.24 DOI: https://doi.org/10.33005/jasf.v1i01.24

Hardiyanti, A. (2020). Pengaruh Harga Emas dan Nilai Tukar Rupiah Terhadap Indeks Harga Saham Gabungan Yang Terdapat di Bursa Efek Indonesia Periode 2006-2017. Scientific Management Students Research, 1(7), 255–268. https://doi.org/10.33087/sms.v1i7.34 DOI: https://doi.org/10.34010/jurisma.v7i1.439

Istinganah, A., & Hartiyah, S. (2021). Pengaruh Inflasi, Suku Bunga, Nilai Tukar Rupiah, Produk Domestik Bruto Dan Jumlah Uang Beredar Terhadap Indeks Harga Saham Gabungan (IHSG) Di Bursa Efek Indonesia (BEI) Periode 2010 Sampai 2019. Journal of Economics, Business and Engineering, 2(2), 245–252. https://doi.org/10.32500/jebe.v2i2.1739 DOI: https://doi.org/10.32500/jebe.v2i2.1739

Jogiyanto, H. (2000). Teori Portofolio dan Analisis Investasi. Yogyakarta: BPFE.

Pilinkus, D., & Boguslauskas, V. (2020). The short-run relationship between stock market prices and macroeconomic variables in Lithuania: An application of the impulse response function. International Journal of Engineering Economics, 5(65), 26–34. https://doi.org/10.1515/sbe-2017-0005 DOI: https://doi.org/10.1515/sbe-2017-0005

Pinem, D. B. (2019). Analysis of Global Stock Exchange Index, Foreign Exchange Rate, Interest Rate and Inflation Rate Influences CSPI in Indonesia Stock Exchange (Period of January 2014 – 2015). International Journal of European Business and Management Research, 4(6), 4–7. https://doi.org/10.24018/ejbmr.2019.4.6.162 DOI: https://doi.org/10.24018/ejbmr.2019.4.6.162

Ranto, S. R. (2019). Pengaruh Jangka Pendek Dan Jangka Panjang Variabel Makro Ekonomi Dengan Pendekatan Error Correction Terhadap IHSG di Bursa Efek Indonesia Model (ECM) Terhadap IHSG Di Bursa Efek Indonesia Dengan Pendekatan Error Correction Model (ECM). Jurnal Derivatif, 6(1), 12–24. https://doi.org/10.31316/j.derivat.v6i1.332 DOI: https://doi.org/10.31316/j.derivat.v6i1.332

Sugiyono. (2020). Metode Penelitian Kuantitatif, Kualitatif dan Kombinasi (Mix Methods). Alfabeta.

Vikaliana, R. (2018). Effect of Inflation, Interest Rate / BI Rate, and Rupiah Exchange Rate on Indonesian Composite Index (IDX) At Indonesian Stock Exchange (ISE). Management Journal of Binaniaga, 2(01), 41. https://doi.org/10.33062/mjb.v2i01.54 DOI: https://doi.org/10.33062/mjb.v2i01.54

Yunita, Y., & Robiyanto, R. (2018). The Influence of Inflation Rate, BI Rate, and Exchange Rate Changes To the Financial Sector Stock Price Index Return in the Indonesian Stock Market. Jurnal Manajemen dan Kewirausahaan, 20(2), 80–86. https://doi.org/10.9744/jmk.20.2.80-86 DOI: https://doi.org/10.9744/jmk.20.2.80-86

Zalgiryte, L., Guzavicius, A., & Tamulis, V. (2014). Stock Market and Economic Growth in the U.S. & France: Evidence from Stock Market Sector Indices. International Journal of Engineering Economics, 25(1), 47–53. https://doi.org/10.5755/j01.ee.25.1.1985 DOI: https://doi.org/10.5755/j01.ee.25.1.1985

Downloads

Published

2024-01-08

How to Cite

Purwatiningsih, F. ., & Sriyono, S. (2024). Pengaruh Inflasi, Produk Domestik Bruto dan Nilai Tukar Rupiah terhadap Indeks Harga Saham Gabungan di Bursa Efek Indonesia Periode Januari 2016 – Desember 2021 . Innovative Technologica: Methodical Research Journal, 2(1), 15. https://doi.org/10.47134/innovative.v2i1.39

Issue

Section

Articles