Open AccessANALISIS FAKTOR PENENTU INDEKS HARGA SAHAM GABUNGAN DI INDONESIA
Author(s) -
Yulizar Fikri,
Ali Anis
Publication year - 2019
Publication title -
jurnal kajian ekonomi dan pembangunan
Language(s) - English
Resource type - Journals
ISSN - 2656-0356
DOI - 10.24036/jkep.v1i4.8952
Subject(s) - composite index , stock exchange , econometrics , exchange rate , economics , price index , stock (firearms) , inflation (cosmology) , index (typography) , variables , monetary economics , financial economics , business , statistics , mathematics , finance , geography , computer science , physics , archaeology , theoretical physics , world wide web
This study aims to determine the analysis of the determinants of the composite stock price index in Indonesia. The independent variables in this study are inflation as X1, foreign exchange reserves as X2, exchange rates as X3, and economic growth as X4, and the dependent variable of the composite stock price index as Y. The data used are secondary data in the formof time series data from 2010Q1 until 2019Q2, with data collection techniques, namely documentation from Bank Indonesia publications, the Central Statistics Agency, investing. comsite and library research. The research methods used are: (1) Multiple Linear Regression, (2) Classical Assumption Test (3) coefficient of determination. The results of this study indicate that:(1) inflation does not significantly influence the composite stock price index. (2) foreign exchange reserves have a significant positive effect on the composite stock price index. (3) the rupiah exchange rate has an influence on the composite stock price index and (4) economic growth hasno significant effect on the composite stock price index.