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Journal : journal the winners

Analisis Pengaruh Hari Perdagangan dan Nilai Tukar terhadap Indeks Harga Saham Gabungan (IHSG) di Bursa Efek Indonesia Tahun 2009 Wijaya, Erric; Istarini, Fatiah
Journal the Winners: Economics, Business, Management, and Information System Journal Vol 12, No 2 (2011): The Winners Vol. 12 No. 2 2011
Publisher : Bina Nusantara University

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.21512/tw.v12i2.671

Abstract

Before making investment decisions, investors need to analyze the pattern of trading days which change daily because of investors’ behavior in stock trading activity that affects the pattern of daily stock price movements. Changes in macro variables like exchange rates for instance, also can affect share price. To determine the influence of independent variables (day of the week effect and exchange rate) on the dependent variable (Jakarta Composite Index (JCI)), a research is conducted using multiple linear regression analysis. The initial test uses a test of normality and is resumed by testing multiple linear regression analysis and classical assumption. The hypothesis test uses t-statistics and F-statistics with a significance level of 5%. A descriptive statistics implies that there is an effect of trading days on stock prices. However, using backward stepwise linier regression model and multivariate analysis, the result indicates that there is no effect of trading days on stock prices. Using multivariate data analysis, it is found that stock prices is influenced by exchange rate.
Analisis Pengaruh Hari Perdagangan dan Nilai Tukar terhadap Indeks Harga Saham Gabungan (IHSG) di Bursa Efek Indonesia Tahun 2009 Erric Wijaya; Fatiah Istarini
The Winners Vol. 12 No. 2 (2011): The Winners Vol. 12 No. 2 2011
Publisher : Bina Nusantara University

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.21512/tw.v12i2.671

Abstract

Before making investment decisions, investors need to analyze the pattern of trading days which change daily because of investors’ behavior in stock trading activity that affects the pattern of daily stock price movements. Changes in macro variables like exchange rates for instance, also can affect share price. To determine the influence of independent variables (day of the week effect and exchange rate) on the dependent variable (Jakarta Composite Index (JCI)), a research is conducted using multiple linear regression analysis. The initial test uses a test of normality and is resumed by testing multiple linear regression analysis and classical assumption. The hypothesis test uses t-statistics and F-statistics with a significance level of 5%. A descriptive statistics implies that there is an effect of trading days on stock prices. However, using backward stepwise linier regression model and multivariate analysis, the result indicates that there is no effect of trading days on stock prices. Using multivariate data analysis, it is found that stock prices is influenced by exchange rate.
Co-Authors Adi, Roni Aisyah Sarahditya Andriani, Meta Anindya Anggun Larasati Antyo Pracoyo Ariani, Savira Indah Aulia Wahyuning Tiyas Budhijana, Bambang Budhijana, R Bambang Dian Puspitasari Dimas Trinanda Susanto Dita Noviany Efrita, Azizah Putri Enggal Sriwardiningsih, Enggal Fahreza Putranda Farhanah, Hanifah Farras, Naufal Haidar Fatiah Istarini Fatiah Istarini, Fatiah Ferli, Ossi Fitri M Jowey, Gita Hariyanti, Enny Haryanti, Ennny Haryanti, Enny Ika Putera Ika Putera Waspada Intan Purnama Sari Isma Arief Dharmawan Joyosumarto, Subarjo Kania Nastiti Krisnandya Kesuma wardhani Kriztianto, Bayu Kuncoro Budi Satrio M. Bugo Vandori Maju Simatupang, Batara Marleyn, Clara Juvita Indri Maya Sari Melly, Popy Sandra Muchlis Muchlis Muhammad Reyhan Nadia Nada Nasim, Muhammad Natasya, Nur Bunga Noviyanti, Indah Salsa Nugraha Nugraha Nugraha Nurhazizah, Sofi Oktavia Oktavia Ramadaniyah Paulina Paulina Paulina Paulina Phimnoi, Kanokwan Pracoyo, Antyo Putra, Firdaus Putranto , Catur Zulham Putranto, Catur Zulham Rajagukguk, Denni Samuel Ramadhany, Pryma Andhika Ratna Nilanjana Kurniathena Rely, Gilbert Rofianto, Whony Samsudin, Syamsyul Samuel, Indah Elychia Santi Rimadias Sapto, Satria Sarah Hani Mahdiyah Setiawati, Asri sitohang, Pebri Monica Susiyanti Susiyanti Suyastrini, Ni Luh Putu Dian Tambengi, Albert Berce Tinjung Desy Nursanti Tinjung Desy Nursanti Tiqisha Putri Fadillah Trisnawati, Sinta Wardani, Deni Wasi Bagasworo Whony Rofianto Widjaja, Anthony Widjaja Yuda Adipraya Iskandar Zahna, Rizka Zahrotul Zhafira Ramadhani Zihan Fadhilah