ANALISIS PENGARUH 7 DAY RATE REPO, INFLASI, NILAI TUKAR, DAN PDB TERHADAP INDEKS HARGA SAHAM SEKTOR PROPERTI (STUDI EMPIRIS DI BURSA EFEK INDONESIA)

Abstract

Since the introduction of the new 7-day Repo rate formula in 2016, it will be a signal for investors, especially the property sector to invest in capital markets. Enforcement is encouraging the property sector to grow because it is expected the new interest rate formula with a value lower than before can attract consumers to invest in property. With the widespread demand for property pushed the performance of property entrepreneurs to become better in the financial sector. The development of property performance is seen from the Stock Price Index in the property sector. Researchers test whether the formula along with other macro variables such as Inflation, Exchange Rate and GDP can affect the valuation of investors in investment in the capital market, especially in the property sector. Analysis test that has been done by using statistical method of Multiple Linear Regression Test, Correlation Coefficient Test, Determination Coefficient Test, F Test and T Test resulted in 7 Days Rate Ratio and exchange rate significantly affect Stock Price Index in property sector while Inflation and GDP did not influence Stock Price Index of property sector, but simultaneously produce variable 7 Day Rate Repo, Inflation, exchange rate and GDP effect on Stock Price Index in property sector.