PENGARUH FAKTOR MAKROEKONOMI TERHADAP INDEKS HARGA SAHAM DI BEI PASCAKRISIS EKONOMI GLOBAL 2008

Abstract

The  purpose  of  this  study  is  to  analyze  the  influence  of  macroeconomic  factors  (interest  rates, inflation rates, and the exchange rate) on the composite stock price index, the agricultural stock price index, and the mining stock price index. The  method  used  in  this  study  is  a  multiple  linear  regression  analysis.  Data  obtained  through Bank  of  Indonesia,  Central  Bureau  of  Statistics,  and  the  Indonesia  Stock  Exchange.  The sampling method is purposive sampling, and data are collected with the noted techniques. The results show that interest rates variable negatively affects to the composite stock price index and  the  agricultural  stock  price  index,  but  has  no  impact  on  the  mining  stock  price  index.  The inflation  rate  has  no  effect  on  the  three  indexes.  Exchange  rate  negatively  affects  on  the  three indexes. Keywords : interest rates, inflation, exchange rate, stock price index.