Open AccessPENGARUH TINGKAT SUKU BUNGA, INFLASI, KURS DAN PERTUMBUHAN PRODUK DOMESTIK BRUTO TERHADAP INDEKS HARGA SAHAM GABUNGAN DI BURSA EFEK INDONESIA
Author(s) -
Tsoraya Utami,
Murtala Murtala,
Hilmi Hilmi
Publication year - 2021
Publication title -
j-mind (jurnal manajemen indonesia)/j-mind (jurnal manajemen indonesia)
Language(s) - English
Resource type - Journals
eISSN - 2797-3948
pISSN - 2503-4367
DOI - 10.29103/j-mind.v5i2.3436
Subject(s) - exchange rate , economics , distributed lag , stock exchange , interest rate , inflation rate , inflation (cosmology) , econometrics , monetary economics , physics , finance , theoretical physics
This study aims to examine the effect of interest rates, inflation, exchange rates and gross domestic product growth on the Composite Stock Price Index (IHSG) on the IDX during the 2003-2018 period on a quarterly basis. The type of data used is secondary data in the form of time series data obtained from published reports from Bank Indonesia, the Central Bureau of Statistics and the Indonesia Stock Exchange. The data analysis method used is the Autoregressive Distributed Lag (ARDL) Model. The results of this study found that the exchange rate and inflation had a negative and significant effect on the IHSG, while GDP growth had a positive and significant effect on the IHSG. However, the interest rate did not have a significant effect on the IHSG. Keywords: Interest Rate, Inflation, Exchange Rate, GDP Growth and IHSG