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All Journal Studi Ilmu Manajemen dan Organisasi
Hesniati Hesniati
Universitas Internasional Batam, Batam
Economics, Econometrics & Finance

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Pengaruh Inflation, Interest Rate, dan Exchange Rate terhadap IHSG di Bursa Efek Indonesia pada Tahun 2011-2021 Hesniati Hesniati; Andreas Yoshiro Ogawa; Arvin Clarence; Chris Topher; Jerly Engelina
Studi Ilmu Manajemen dan Organisasi Vol. 3 No. 1 (2022): April
Publisher : Penerbit Goodwood

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.35912/simo.v3i1.1078

Abstract

Purpose: The purpose of this study is to develop a model and research the influence of macroeconomics ranging from inflation, exchange rates and interest rates towards the growth of the IHSG Research methodology: A total of 132 sample data were used and were collected from 2011 to 2021. Quantitative research methods were used in conjunction with the use of SPSS analysis tool. Results: The research shows that macroeconomic does indeed have an effect on the IHSG. Inflation didn’t have a significant effect on IHSG, Interest rates was found to have a significant negative effect on the IHSG, The exchange rate was found to have a significant effect on IHSG. Limitations: The sample data was collected from numerous statistics website, but there appears to be slight numerical inconsistencies between the data presented. As such, the sample data used in the research were collected from only the most credible sources. Contribution: Can be a reference for future research regarding the same subjects, variables and phenomenon.  
Determinan Penting Stock Return pada Jakarta Islamic Index (JII) ditinjau dari Faktor Makroekonomi Hesniati Hesniati; Verren Calystania; Jessica Novia; Veni Sisca; Vira Vira; Stephanie Stephanie
Studi Ilmu Manajemen dan Organisasi Vol. 4 No. 2 (2023): Oktober
Publisher : Penerbit Goodwood

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.35912/simo.v4i2.1971

Abstract

Purpose: This study analyzes the effect of macroeconomic factors, including inflation, interest rates, exchange rates, and money supply, on the stock return rate of the Jakarta Islamic Index (JII). Methodology/approach: The data in this study were processed using the multiple linear regression approach in SPSS 26.0. The sample includes monthly data on the Jakarta Islamic Index (JII) Sharia index for ten years from January 2013 to January 2023. Results: The analysis results prove that the exchange rate and inflation have a significant negative effect on JII stock returns. In contrast, the interest rate and money supply do not have a significant relationship with stock returns. Limitations: A low adjusted R-squared value indicates that the independent variables can only explain the limited scope of the dependent variable. Thus, it can be concluded that additional variables are required to be included in this investigation. Contribution: This study is expected to provide a reference for further research. In addition, using one of the Sharia indices in this study is expected to provide a new view to novice investors that not only shares of conventional companies are traded but also shares of Sharia companies. It is hoped that this study’s results will also help investors prospect JII stock returns to help them find the best investment decision. Novelty: Many previous studies have conducted research on stock prices using the Jakarta Islamic Index (JII). However, research on stock returns using this index has not been found.
Pengaruh Variabel Makroekonomi terhadap Return Saham Indeks Infobank15 Hesniati Hesniati; Delfina Delfina; Irvin Irvin; Alexander Janio Wijaya; Fionna Quinn; Hardy Winata Lie
Studi Ilmu Manajemen dan Organisasi Vol. 4 No. 2 (2023): Oktober
Publisher : Penerbit Goodwood

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.35912/simo.v4i2.2052

Abstract

Purpose: This study analyzes the impact of macroeconomic indicators on banking stock returns. Methodology/approach: This study utilized a quantitative approach with a hypothesis testing method as evidence of the effects of macroeconomic indicators on bank stock returns. The stock index obtained as a sample was the Infobank15 index, consisting of 15 banks in Indonesia over five years, from 2018 to 2022. To examine the relationship in the research model or the impact between variables and to fit the research model, secondary data were used. Data were analyzed using statistical software to implement the data analysis. Results: This study found that the price of the InfoBank15 index is affected either positively or negatively by money supply and exchange rate, respectively, but not by interest rate. Limitations: This research was limited by the short observation period, with limited macroeconomic indicators as the independent variable, and only one index listed in Bursa Efek Indonesia is used as research data.
Co-Authors Alexander Janio Wijaya Andreas Yoshiro Ogawa Arvin Clarence Chris Topher Delfina Delfina Fionna Quinn Hardy Winata Lie Irvin Irvin Jerly Engelina Jessica Novia Stephanie Stephanie Veni Sisca Verren Calystania Vira Vira