Al-Kharaj: Jurnal Ekonomi, Keuangan & Bisnis Syariah
Vol 5 No 2 (2023): Al-Kharaj: Jurnal Ekonomi, Keuangan & Bisnis Syariah

Pengaruh Tingkat Inflasi, Nilai Tukar Rupiah, Jumlah Uang Beredar dan Produk Domestik Bruto terhadap Indeks Harga Saham Gabungan di Bursa Efek Indonesia

Fujiono Fujiono (Universitas Pembangunan Nasional “Veteran” Jawa Timur)
Rusdi Hidayat Nugroho (Universitas Pembangunan Nasional “Veteran” Jawa Timur)



Article Info

Publish Date
10 Aug 2022

Abstract

In carrying out a life cycle, we need to make an investment so that the funds we currently have can be used for the next few years. This study aims to determine the simultaneous and partial influence of inflation, interest rates, rupiah exchange rate, the money supply and gross domestic product on the composite stock price index. The sampel in this study amounted to 40 data with quarterly data that was limited to the 2011:Q3 to 2021:Q2 observation period and was obtanied through complete sampling. The data was analyzed using multiple linear regression analysis techniques. Hypothesis tested using F test and t test. The results showed that simultaneously (Test F) variable inflation, interest rates, rupiah exchange rate, the money supply and gross domestic product have a positive and significant effect on the composite stock price index (IHSG). Partially (Test t) rupiah exchange rate have a positive and significant effect on the composite stock price index (IHSG). the money supply have a have a positive and no significant effect on the composite stock price index (IHSG). Mean while inflation and gross domestic product have a negatif and no significant effect on the composite stock price index (IHSG). Keywords: Inflation, Rupiah Exchange Rate, The Money Supply, Gross Domestic Product Composite Stock Price Index

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Journal Info

Abbrev

alkharaj

Publisher

Subject

Economics, Econometrics & Finance Social Sciences

Description

AL-KHARAJ: The Journal of Islamic Economics, Finance & Business is a scientific journal published by the Center for Research and Strategic Studies (PRKS) of the Institute of Islamic Religion (IAI) National Laa Roiba Bogor. This journal contains scientific papers from academics, researchers and ...