Analisis Pengaruh Indikator Makroekonomi Terhadap Indeks Harga Saham Syariah di Indonesia Tahun 2011-2020

Syi’ar Iqtishadi

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Field Value
 
Title Analisis Pengaruh Indikator Makroekonomi Terhadap Indeks Harga Saham Syariah di Indonesia Tahun 2011-2020
 
Creator Nur Wulan, Anyta; Universitas Islam Indonesia
 
Subject
Inflation rate, BI rate, exchange rate, money supply, world gold price, deposit interest rates, yields on Islamic deposits, industrial production index, ISSI and JII

 
Description This study aims to analyze macroeconomic variables such as inflation, BI rate, exchange rate, Money Supply, World Gold Prices, Deposit Interest Rates, Sharia Deposit Yields, Industrial Production Index to the Sharia Stock Price Index. Where the Sharia Stock Price Index used is the Indonesian Sharia Stock Index (ISSI) and the Jakarta Islamic Index (JII). This study uses time series data or secondary data from May 2011 to February 2020. The analysis technique used in this study is ECM (Error Correction Model). The results showed that in the long run, the exchange rate and gold price had a negative effect on the ISSI and JUB had a positive effect on the ISSI. In the short term only the exchange rate variable has a negative effect on the ISSI. While the research results for JII show that in the long run Indonesian bank interest rates, exchange rates, and gold prices have a negative effect on JII. Meanwhile, the variable money supply and deposit interest rates have a positive effect on JII. In the short term, the influencing variables are the Indonesian bank interest rate, the exchange rate and the gold price have a negative effect on JII.
 
Publisher Faculty of Economics and Business - Universitas Sultan Ageng Tirtayasa
 
Contributor
 
Date 2020-11-30
 
Type info:eu-repo/semantics/article
info:eu-repo/semantics/publishedVersion
Peer-reviewed Article
 
Format application/pdf
 
Identifier https://jurnal.untirta.ac.id/index.php/JIEc/article/view/9844
10.35448/jiec.v4i2.9844
 
Source Syi`ar Iqtishadi : Journal of Islamic Economics, Finance and Banking; Vol 4, No 2 (2020); 59-84
2598-0955
10.35448/jiec.v4i2
 
Language eng
 
Relation https://jurnal.untirta.ac.id/index.php/JIEc/article/view/9844/6385
 
Rights Copyright (c) 2020 Syi`ar Iqtishadi : Journal of Islamic Economics, Finance and Banking
 

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