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Irwan Daud
Mercu Buana University
Humanities Computer Science & IT Economics, Econometrics & Finance Education Social Sciences

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ANALISIS DETERMINAN PENGARUH MAKROEKONOMI TERHADAP RETURN SAHAM BANK BUKU 4 DI BURSA EFEK INDONESIA Irwan Daud; Pardomuan Sihombing
Journal of Social Research Vol. 1 No. 5 (2022): Journal of Social Research
Publisher : International Journal Labs

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (352.256 KB) | DOI: 10.55324/josr.v1i5.100

Abstract

This study aims to analyze the macroeconomics of Bank BUKU 4 returns. This study uses the Vector Error Correction Model (VECM) using monthly return data for Bank BUKU 4 shares as the assessment variable and monthly inflation data, BI 7-day reverse repo interest rate. exchange rates, exchange rates, money supply, gross domestic product, foreign exchange reserves, and fed funds interest rates, as independent, with a data time span from January 2016 to December 2020. The results show that in short-term inflation, GDP, and variable reserves foreign exchange varies. , and the fed funds rate does not affect stocks. The BI 7 day reverse repo rate and money supply variables have a significant positive effect, and the exchange rate has a significant negative effect on BUKU 4 bank stock returns. In long-term inflation, the BI 7 day reverse repo rate, money supply, GDP, foreign exchange reserves, and The Fed funds rate does not affect stock returns. While the exchange rate has a significant negative effect on stock returns of BUKU 4 banks.
Co-Authors Pardomuan Sihombing, Pardomuan