ANALISIS PENGARUH VARIABEL MAKRO TERHADAP INDEKS HARGA SAHAM GABUNGAN (IHSG) DI BURSA EFEK INDONESIA (BEI)
ABSTRACT: The investment
growth in a country influenced by its economic growth. The higher economic
growth of a country, the better prosperity of country’s people. The better
prosperity is signed by the improvement of people income. It means that a larger
opportunity of investment. The performance development of a company affected by
internal and external factor. External factor shows that the situation of
country especially involving economic, political, and social factors. The
economic growth of a country can be seen from economical macro condition,
including the amount of spreading money, Indonesian interest rate, and rupiah
exchange. The purposes of this research are (1) to find out a macro variable
(the amount of spreading money, the level of interest rate, and exchange value)
to the joint stock market price index in Indonesian Stock Market, (2) to find
out a dominant influence of macro variable indicator (the amount of spreading
money, inflation, the level of Indonesian interest rate, exchange value) to the
joint stock market in Indonesian Stock Market. This research is a quantitative
research by using a descriptive method Data uses a secondary data such as the
amount of spreading money, inflation, the level of Indonesian interest rate,
exchange value and the joint stock market price index over the periods
2001-2007. Data collecting method is data by documentation. Data analysis
method uses a double regression liner.The result of this research shows that
there is a simultaneous economical macro variable to the joint stock market
price index in Indonesian Stock Market. It is proven by Ftest is 434.723>
Ftable 1.960 with level of significant 5%. The macro variable influence to the
joint stock market price index is 95.7%, meanwhile the remains is affected by
another variable out of the model. Partially, the amount of spreading money
affects dominantly to the joint stock market price index in Indonesian Stock
Market.
Key Words: The Amount of
Spreading Money, Inflation, The Level of Indonesian Interest Rate, Exchange
Value of Rupiah, and The Joint Stock Market Price Index
Penulis: Indah Yuliana
Kode Jurnal: jpperadabanislamdd070060
