Zulkarnain, Ronny Wijaya
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Faktor Fundamental Ekonomi Makro terhadap Indeks Harga Saham Properti Zulkarnain, Ronny Wijaya
Jurnal Aplikasi Manajemen Vol. 14 No. 3 (2016)
Publisher : Universitas Brawijaya, Indonesia

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (275.12 KB) | DOI: 10.18202/jam23026332.14.3.07

Abstract

The property sector is very important in the economy of a country. Superpower country like The United States ofAmerica almost dragged into a recession due to a mistake in predicting the property sector. The impact  will affect all parts of society, including government,  investors and even to ordinary people. Based on that argument, the researcher attempted to analyze the influence of macroeconomic factors on the property sector, especially in the composite stock price index in the property sector. In this study, the author used inflation, exchange rates of Rupiah against the U.S. dollar, Gross Domestic Product (GDP) and  the property stock price index in the previous month as the independent variables. Thisstudy used ordinary least square method. The results showed that the combination of the factors is significantly affected the stock price index property sector. On the other hand, some inflation rate and exchange rate have a significant negative impact on property sector index. Meanwhile, the previous month index of the property sector has a significantly positive effect on this month stock price index  of the property sector partially. The study also reveals that GDP growth partially did not significantly affectthe stock price index of property sector.