PENGARUH TINGKAT SUKU BUNGA (BIRATE) DAN KURS DOLAR AS TERHADAP INDEKS HARGA SAHAM GABUNGAN (IHSG) DENGAN MENGGUNAKAN METODE ERROR CORECTION MODEL (ECM)
ABSTRACT: This research to
determine whether, exchange rate, interest rate (BI Rate) have an influence on
Indeks Harga Saham Gabungan (IHSG). The data used are secondary data from the
period June 2008 to August 2010. The analytical tool used in this research is
the error correction model (ECM). Previously conducted tests stasioneritas
namely the root of the test unit and test the degree of integration and
cointegration tests. Based on the test stasioneritas obtain stationary data on
a Zero level at a significance level of 10% and other data on the first level
and terkointegrasi diffirence on the zero level at 1% level of significance.
The result of an error correction model analysis showed that in short term
interest rate (BI Rate), Ezchange rate, significantly influences the IHSG
fluctuates, while the long-term variable Exchange rate has a significant while
variable interest rate is not significant.
KEYWORDS: IHSG, interest,
rate, and error correction model
Penulis: Muhammad Mahdi, David
Kaluge
Kode Jurnal: jpmanajemendd100313
