DAMPAK KURS, SBI, INFLASI DAN INDEKS NIKKEI 225 TERHADAP INDEKS HARGA SAHAM GABUNGAN DI BURSA EFEK INDONESIA
The purpose of this study is to analyze the impact of exchange rate, SBI, inflation and nikkei 225 indexes on the composite stock price index in the Indonesian stock market. The data used in this study are time series data from the period of January 2013 to December 2017. This study uses the method...
| Main Authors: | , , |
|---|---|
| Format: | Article |
| Language: | English |
| Published: |
Faculty of Economics and Business
2019-10-01
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| Series: | Jurnal Ekonomi-Qu |
| Subjects: | |
| Online Access: | https://jurnal.untirta.ac.id/index.php/Ekonomi-Qu/article/view/7164 |
| _version_ | 1818391585054785536 |
|---|---|
| author | Winda Wulandari Deswita Herlina Tony S Chendrawan |
| author_facet | Winda Wulandari Deswita Herlina Tony S Chendrawan |
| author_sort | Winda Wulandari |
| collection | DOAJ |
| description | The purpose of this study is to analyze the impact of exchange rate, SBI, inflation and nikkei 225 indexes on the composite stock price index in the Indonesian stock market. The data used in this study are time series data from the period of January 2013 to December 2017. This study uses the method of vector error correction model (VECM). The results of this study indicate that there is a causal relationship in which the variable that shows the originality is that there is a two-way relationship between inflation against SBI as well as a two-way relationship between SBI and inflation. Whereas the granger causality test can also show the existence of five one-way relationships including the Composite Stock Price Index to the Exchange Rate, the Composite Stock Price Index to<br />the Nikkei 225 Index, the Exchange Rate against SBI, the Exchange Rate to Inflation, and the Nikkei 225 Index to the Exchange Rate. In this study shows the long-term relationship between the Exchange Rate and Inflation variables show a positive effect on the composite stock price index while the SBI variable and the Nikkei 225 Index have a negative influence on the Composite Stock Price Index.<br /><p class="MsoNormal">The purpose of this study is to analyze the impact of exchange rate, SBI, inflation and</p><p class="MsoNormal">nikkei 225 indexes on the composite stock price index in the Indonesian stock market.</p><p class="MsoNormal">The data used in this study are time series data from the period of January 2013 to</p><p class="MsoNormal">December 2017. This study uses the method of vector error correction model (VECM).</p><p class="MsoNormal">The results of this study indicate that there is a causal relationship in which the variable</p><p class="MsoNormal">that shows the originality is that there is a two-way relationship between inflation against</p><p class="MsoNormal">SBI as well as a two-way relationship between SBI and inflation. Whereas the granger</p><p class="MsoNormal">causality test can also show the existence of five one-way relationships including the</p><p class="MsoNormal">Composite Stock Price Index to the Exchange Rate, the Composite Stock Price Index to</p><p class="MsoNormal">the Nikkei 225 Index, the Exchange Rate against SBI, the Exchange Rate to Inflation, and</p><p class="MsoNormal">the Nikkei 225 Index to the Exchange Rate. In this study shows the long-term</p><p class="MsoNormal">relationship between the Exchange Rate and Inflation variables show a positive effect on</p><p class="MsoNormal">the composite stock price index while the SBI variable and the Nikkei 225 Index have a</p><p class="MsoNormal">negative influence on the Composite Stock Price Index.</p><!--[if gte mso 9]><xml>
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| first_indexed | 2024-12-14T05:15:51Z |
| format | Article |
| id | doaj.art-0ae65243c1da41eb902cf7822a6c7150 |
| institution | Directory Open Access Journal |
| issn | 2089-4473 2541-1314 |
| language | English |
| last_indexed | 2024-12-14T05:15:51Z |
| publishDate | 2019-10-01 |
| publisher | Faculty of Economics and Business |
| record_format | Article |
| series | Jurnal Ekonomi-Qu |
| spelling | doaj.art-0ae65243c1da41eb902cf7822a6c71502022-12-21T23:15:50ZengFaculty of Economics and BusinessJurnal Ekonomi-Qu2089-44732541-13142019-10-019210.35448/jequ.v2i2.71644932DAMPAK KURS, SBI, INFLASI DAN INDEKS NIKKEI 225 TERHADAP INDEKS HARGA SAHAM GABUNGAN DI BURSA EFEK INDONESIAWinda Wulandari0Deswita Herlina1Tony S Chendrawan2Jurusan Ilmu Ekonomi Pembangunan, FEB Universitas Sultan Ageng TirtayasaJurusan Ilmu Ekonomi Pembangunan, FEB Universitas Sultan Ageng TirtayasaJurusan Ilmu Ekonomi Pembangunan, FEB Universitas Sultan Ageng TirtayasaThe purpose of this study is to analyze the impact of exchange rate, SBI, inflation and nikkei 225 indexes on the composite stock price index in the Indonesian stock market. The data used in this study are time series data from the period of January 2013 to December 2017. This study uses the method of vector error correction model (VECM). The results of this study indicate that there is a causal relationship in which the variable that shows the originality is that there is a two-way relationship between inflation against SBI as well as a two-way relationship between SBI and inflation. Whereas the granger causality test can also show the existence of five one-way relationships including the Composite Stock Price Index to the Exchange Rate, the Composite Stock Price Index to<br />the Nikkei 225 Index, the Exchange Rate against SBI, the Exchange Rate to Inflation, and the Nikkei 225 Index to the Exchange Rate. In this study shows the long-term relationship between the Exchange Rate and Inflation variables show a positive effect on the composite stock price index while the SBI variable and the Nikkei 225 Index have a negative influence on the Composite Stock Price Index.<br /><p class="MsoNormal">The purpose of this study is to analyze the impact of exchange rate, SBI, inflation and</p><p class="MsoNormal">nikkei 225 indexes on the composite stock price index in the Indonesian stock market.</p><p class="MsoNormal">The data used in this study are time series data from the period of January 2013 to</p><p class="MsoNormal">December 2017. This study uses the method of vector error correction model (VECM).</p><p class="MsoNormal">The results of this study indicate that there is a causal relationship in which the variable</p><p class="MsoNormal">that shows the originality is that there is a two-way relationship between inflation against</p><p class="MsoNormal">SBI as well as a two-way relationship between SBI and inflation. Whereas the granger</p><p class="MsoNormal">causality test can also show the existence of five one-way relationships including the</p><p class="MsoNormal">Composite Stock Price Index to the Exchange Rate, the Composite Stock Price Index to</p><p class="MsoNormal">the Nikkei 225 Index, the Exchange Rate against SBI, the Exchange Rate to Inflation, and</p><p class="MsoNormal">the Nikkei 225 Index to the Exchange Rate. In this study shows the long-term</p><p class="MsoNormal">relationship between the Exchange Rate and Inflation variables show a positive effect on</p><p class="MsoNormal">the composite stock price index while the SBI variable and the Nikkei 225 Index have a</p><p class="MsoNormal">negative influence on the Composite Stock Price Index.</p><!--[if gte mso 9]><xml> <o:OfficeDocumentSettings> <o:AllowPNG/> </o:OfficeDocumentSettings> </xml><![endif]--><!--[if gte mso 9]><xml> <w:WordDocument> <w:View>Normal</w:View> <w:Zoom>0</w:Zoom> <w:TrackMoves/> <w:TrackFormatting/> <w:PunctuationKerning/> <w:ValidateAgainstSchemas/> <w:SaveIfXMLInvalid>false</w:SaveIfXMLInvalid> <w:IgnoreMixedContent>false</w:IgnoreMixedContent> <w:AlwaysShowPlaceholderText>false</w:AlwaysShowPlaceholderText> <w:DoNotPromoteQF/> <w:LidThemeOther>EN-US</w:LidThemeOther> <w:LidThemeAsian>X-NONE</w:LidThemeAsian> <w:LidThemeComplexScript>X-NONE</w:LidThemeComplexScript> <w:Compatibility> <w:BreakWrappedTables/> 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<w:LsdException Locked="false" Priority="67" Name="Medium Grid 1 Accent 6"/> <w:LsdException Locked="false" Priority="68" Name="Medium Grid 2 Accent 6"/> <w:LsdException Locked="false" Priority="69" Name="Medium Grid 3 Accent 6"/> <w:LsdException Locked="false" Priority="70" Name="Dark List Accent 6"/> <w:LsdException Locked="false" Priority="71" Name="Colorful Shading Accent 6"/> <w:LsdException Locked="false" Priority="72" Name="Colorful List Accent 6"/> <w:LsdException Locked="false" Priority="73" Name="Colorful Grid Accent 6"/> <w:LsdException Locked="false" Priority="19" QFormat="true" Name="Subtle Emphasis"/> <w:LsdException Locked="false" Priority="21" QFormat="true" Name="Intense Emphasis"/> <w:LsdException Locked="false" Priority="31" QFormat="true" Name="Subtle Reference"/> <w:LsdException Locked="false" Priority="32" QFormat="true" Name="Intense Reference"/> <w:LsdException Locked="false" Priority="33" QFormat="true" Name="Book Title"/> <w:LsdException Locked="false" Priority="37" SemiHidden="true" UnhideWhenUsed="true" Name="Bibliography"/> <w:LsdException Locked="false" Priority="39" SemiHidden="true" UnhideWhenUsed="true" QFormat="true" Name="TOC Heading"/> <w:LsdException Locked="false" Priority="41" Name="Plain Table 1"/> <w:LsdException Locked="false" Priority="42" Name="Plain Table 2"/> <w:LsdException Locked="false" Priority="43" Name="Plain Table 3"/> <w:LsdException Locked="false" Priority="44" Name="Plain Table 4"/> <w:LsdException Locked="false" Priority="45" Name="Plain Table 5"/> <w:LsdException Locked="false" Priority="40" Name="Grid Table Light"/> <w:LsdException Locked="false" Priority="46" Name="Grid Table 1 Light"/> <w:LsdException Locked="false" Priority="47" Name="Grid Table 2"/> <w:LsdException Locked="false" Priority="48" Name="Grid Table 3"/> <w:LsdException Locked="false" Priority="49" Name="Grid Table 4"/> <w:LsdException Locked="false" Priority="50" Name="Grid Table 5 Dark"/> <w:LsdException Locked="false" Priority="51" Name="Grid Table 6 Colorful"/> <w:LsdException Locked="false" Priority="52" Name="Grid Table 7 Colorful"/> <w:LsdException Locked="false" Priority="46" Name="Grid Tablehttps://jurnal.untirta.ac.id/index.php/Ekonomi-Qu/article/view/7164stock price index (ihsg), exchange rate, sbi, inflation, and vecm. |
| spellingShingle | Winda Wulandari Deswita Herlina Tony S Chendrawan DAMPAK KURS, SBI, INFLASI DAN INDEKS NIKKEI 225 TERHADAP INDEKS HARGA SAHAM GABUNGAN DI BURSA EFEK INDONESIA Jurnal Ekonomi-Qu stock price index (ihsg), exchange rate, sbi, inflation, and vecm. |
| title | DAMPAK KURS, SBI, INFLASI DAN INDEKS NIKKEI 225 TERHADAP INDEKS HARGA SAHAM GABUNGAN DI BURSA EFEK INDONESIA |
| title_full | DAMPAK KURS, SBI, INFLASI DAN INDEKS NIKKEI 225 TERHADAP INDEKS HARGA SAHAM GABUNGAN DI BURSA EFEK INDONESIA |
| title_fullStr | DAMPAK KURS, SBI, INFLASI DAN INDEKS NIKKEI 225 TERHADAP INDEKS HARGA SAHAM GABUNGAN DI BURSA EFEK INDONESIA |
| title_full_unstemmed | DAMPAK KURS, SBI, INFLASI DAN INDEKS NIKKEI 225 TERHADAP INDEKS HARGA SAHAM GABUNGAN DI BURSA EFEK INDONESIA |
| title_short | DAMPAK KURS, SBI, INFLASI DAN INDEKS NIKKEI 225 TERHADAP INDEKS HARGA SAHAM GABUNGAN DI BURSA EFEK INDONESIA |
| title_sort | dampak kurs sbi inflasi dan indeks nikkei 225 terhadap indeks harga saham gabungan di bursa efek indonesia |
| topic | stock price index (ihsg), exchange rate, sbi, inflation, and vecm. |
| url | https://jurnal.untirta.ac.id/index.php/Ekonomi-Qu/article/view/7164 |
| work_keys_str_mv | AT windawulandari dampakkurssbiinflasidanindeksnikkei225terhadapindekshargasahamgabungandibursaefekindonesia AT deswitaherlina dampakkurssbiinflasidanindeksnikkei225terhadapindekshargasahamgabungandibursaefekindonesia AT tonyschendrawan dampakkurssbiinflasidanindeksnikkei225terhadapindekshargasahamgabungandibursaefekindonesia |