Claim Missing Document
Check
Articles

Found 2 Documents
Search

The Effect of Inflation and Corporate Social Responsibility (CSR) on Return Stocks with Profitability as an Intervening Variable in the Sector Mining Listed on the Indonesia Stock Exchange Sri Puspa Nurhayati; Yusuf Imam Suja’i; Agus Salim
Budapest International Research and Critics Institute-Journal (BIRCI-Journal) Vol 5, No 3 (2022): Budapest International Research and Critics Institute August
Publisher : Budapest International Research and Critics University

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.33258/birci.v5i3.6066

Abstract

The mining sector (Mining index) is an index composed of various shares of mining sector issuers listed on the Indonesia Stock Exchange. Indonesia's dependence on the mining sector as a supporter of the economy is reflected in the large contribution of the mining sector to state revenues. Factors that affect stock returns are macroeconomic factors and fundamental factors. Macroeconomic factors stem from broad economic problems, one of which is inflation. This fundamental factor can be seen from the financial statements, and the issuer's financial statements can be seen from the level of financial performance both in terms of the ability to generate profits (profitability). This study aims to prove the effect of inflation and corporate social responsibility on stock returns with profitability as an intervening variable in the mining sector listed on the Indonesia Stock Exchange. The population of this study is 47 mining sector companies listed on the Indonesia Stock Exchange. The sampling technique uses a purposive sampling method that has certain criteria in taking samples that have the 2019-2021 annual financial statements, in order to obtain 141 company. This research method uses Structural Equation Modeling (SEM) analysis based on variance, namely Partial Least Square (PLS). SEM with PLS is based on variance so that it can handle two conditions, namely conditions with undetermined factors and conditions where the solution cannot be accepted. The analysis used includes descriptive analysis, convergent validity, discriminant validity, construct reliability, R-square, and hypothesis testing. Based on the results of research that has been done, the variables that have a significant effect on stock returns are profitability variable and corporate social responsibility (CSR) variable.
Pengaruh Kurs Dollar, Indeks Dow Jones dan Tingkat Suku Bunga Sertifikat Bank Indonesia (SBI) Terhadap Indeks Harga Saham gabungan (IHSG) (Periode 2016-2018) Sri Puspa Nurhayati; Ronny Malavia Mardani; Arini Fitria Mustapita
E-JRM : Elektronik Jurnal Riset Manajemen e Jrm Vol.09 No. 05. Februari 2020
Publisher : UNIVERSITAS ISLAM MALANG

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (1035.753 KB)

Abstract

ABSTRACTThe capital market is one investment alternative for investors.  Investors who are willing to invest in the stock market can invest in the Indonesia Stock Exchange (BEI). One index that is often ignored by investors when they invest in the Indonesia Stock Exchange is the Composite Stock Price Index (CSPI), because through the movement of the Composite Stock Price Index, investors can see whether the market conditions are excited or sluggish. Some things that need to be considered by investors in investing are the dollar exchange rate, dow jones index and the interest rate of Bank Indonesia certificates, This study aims to test and empirically prove the effect of the exchange rate of the dollar, the Dow Jones index, and the interest rate of Bank Indonesia certificates on the composite stock price index during the period January 2016 to December 2018. The sampling technique used in this study is purposive sampling with the amount  144 data were processed. The analyzed data were carried out using multiple linear regression methods. The results showed that the Dollar Exchange Rate variable had a significant positive effect on the Composite Stock Price Index (CSPI).  SBI Interest Rate has a significant negative effect on the composite stock price index (CSPI).Keywords: Composite Stock Price Index (CSPI), Dollar Exchange Rate, Dow Jones Index, Bank Indonesia Certificate Interest Rate.