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Journal : Journal of Social Research

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 ,, Rizal Abitur Asianto Agustina Suparyati, Agustina Amanda Yosephine Bonowati Amrie Firmansyah Anastasia Sianturi Andy Kurniawan, Andy Ardhiani Fadila Ardy Fardiansyah Arifin Hasudungan Manurung Augustina Kurniasih Bonowati, Yosephine Amanda Christi, Eva Aprilia Cynthia Java Al Maduri Dadan Nurhidayat Desmita Desmita Diamanta Putri, Rimada Diamanta Putri Difoasih, Garys Dini Hariyanti Ecryna Cyntia Hutapea Elia Zakchona Erlangga Tri Adhiguna Fitri Apriyana Gultom, Hesekiel Maranatha Gusfriyanto, Harri Hati, Elyana Husni, Ricky Albert Hutajalu, Clinton Banua Betlehem Ida Busnetty Indira Puspa Gustiah Irwan Daud Irwan Daud Jayawarsa, A.A. Ketut Kartikasari, Rachma Kasman Pandiangan Kuncoro, Ignatius Bayu Kwee, Yohanes Leni Hartati Levy Perwiro Garnoko Manik, Defriyanti Cicilia Manurung, Arifin Hasudungan Melitana, Cyndi Loisa Muhamad Taufiq Muhammad Reza Alfianto Siregar Muhammad Sahirul Alim Muhammad Zilal Hamzah Mukhlis Novawiguna K, . . Nur Kamri Hardi Oktavia, Dinda Prabowo, Bumi Prabu Prakosa Andiantyo Pranata, Natanael Priambhodo, Yohanes Dimas Priyo Adiwibowo Putra, Rubby Prastya Putra, Wahyu Sastra Reza Alfianto Siregar, Muhammad Richo Dany Wijaya Richo Dany Wijaya, Richo Dany Rizal , Samsuar, Alfan Samsudin, Idris Sarva Jayana, Nur Satria Fajar Maulana Siagian, Fahri Gunawan Sri Dewi Nur Pasha Sri Marti Pramudena Sri Yani Kusumastuti Suhandi Suhandi Suhandi Sumiyarti Sundoro, Hary Saputra Tri Kunawangsih Tri Kunawangsih Purnamaningrum Triadji, Iwan Tumpal Samosir Tyara Pratiwi Poernomoputri VICTOR SIAGIAN Wahyuningsih, Mutia Yosephine Amanda Bonowati Zakchona, Elia Zakchona, Elia