Pengaruh Suku Bunga Bank Indonesia, Inflasi Dan Kurs Dolar Amerika Terhadap Index Harga Saham Gabungan Di Bursa Efek Indonesia
PENGARUH SBI INFLASI DAN KURS DOLLAR AMERIKA TERHADAP
INDEKS HARGA SAHAM GABUNGAN DI BURSA EFEK INDONESIA
ABSTRAK
Penelitian ini bertujuan untuk menguji dan menjelaskan seberapa besar
pengaruh Suku Bunga Bank Indonesia, inflasi dan nilai tukar dolar Amerika
terhadap Indeks Harga Saham Gabungan pada seluruh perusahaan yang terdaftar
di Bursa Efek Indonesia tahun 2003-2012 secara parsial dan simultan. Populasi
dan sampel dalam penelitian ini adalah seluruh perusahaan yang terdaftar di Bursa
Efek Indonesia selama periode pengamatan. Untuk menguji hipotesis yang
diajukan digunakan alat uji regresi berganda. Hasil penelitian ini menunjukkan
bahwa secara simultan SBI, Inflasi dan kurs dolar Amerika berpengaruh
signifikan, sedangkan secara parsial SBI berpengaruh negatif dan signifikan, kurs
dolar Amerika berpengaruh negatif tapi tidak signifikan, sedangkan inflasi
berpengaruh positif dan signifikan terhadap IHSG.
Kata Kunci : SBI, Inflasi, Kurs Dolar dan IHSG
Universitas Sumatera Utara
THE INFLUENCE OF THE INFLATION OF SBI (INDONESIAN BANK
INTEREST RATE) AND AMERICAN DOLLAR EXCHANGE RATE
ON ISG (COMPOSITE STOCK PRICE INDEX) IN THE
INDONESIA STOCK EXCHANGE
ABSTRACT
The objective of the research was to examine and to explain the influence
of the SBI (Indonesian Bank Interest Rate), inflation, and the American dollar
exchange rate on composite stock price index in all companies listed in the
Indonesia Stock Exchange
in the period of 2003-2012 partially and
simultaneously. The population and the samples were all companies listed in the
Indonesia Stock Exchange during the observation period. Multiple regression
tests were used to test the hypothesis. The result of the research showed that,
simultaneously, Bank Indonesia Interest Rate, inflation and American dollar
exchange rate had significant influence. Partially, Bank Indonesia Interest Rate
had negative but significant influence, American dollar exchange rate had
negative and insignificant influence, and inflation had positive and significan
influence on Composite Stock Price Index.
Keywords: SBI, Inflation, Dollar Exchange, ISHG
Universitas Sumatera Utara
INDEKS HARGA SAHAM GABUNGAN DI BURSA EFEK INDONESIA
ABSTRAK
Penelitian ini bertujuan untuk menguji dan menjelaskan seberapa besar
pengaruh Suku Bunga Bank Indonesia, inflasi dan nilai tukar dolar Amerika
terhadap Indeks Harga Saham Gabungan pada seluruh perusahaan yang terdaftar
di Bursa Efek Indonesia tahun 2003-2012 secara parsial dan simultan. Populasi
dan sampel dalam penelitian ini adalah seluruh perusahaan yang terdaftar di Bursa
Efek Indonesia selama periode pengamatan. Untuk menguji hipotesis yang
diajukan digunakan alat uji regresi berganda. Hasil penelitian ini menunjukkan
bahwa secara simultan SBI, Inflasi dan kurs dolar Amerika berpengaruh
signifikan, sedangkan secara parsial SBI berpengaruh negatif dan signifikan, kurs
dolar Amerika berpengaruh negatif tapi tidak signifikan, sedangkan inflasi
berpengaruh positif dan signifikan terhadap IHSG.
Kata Kunci : SBI, Inflasi, Kurs Dolar dan IHSG
Universitas Sumatera Utara
THE INFLUENCE OF THE INFLATION OF SBI (INDONESIAN BANK
INTEREST RATE) AND AMERICAN DOLLAR EXCHANGE RATE
ON ISG (COMPOSITE STOCK PRICE INDEX) IN THE
INDONESIA STOCK EXCHANGE
ABSTRACT
The objective of the research was to examine and to explain the influence
of the SBI (Indonesian Bank Interest Rate), inflation, and the American dollar
exchange rate on composite stock price index in all companies listed in the
Indonesia Stock Exchange
in the period of 2003-2012 partially and
simultaneously. The population and the samples were all companies listed in the
Indonesia Stock Exchange during the observation period. Multiple regression
tests were used to test the hypothesis. The result of the research showed that,
simultaneously, Bank Indonesia Interest Rate, inflation and American dollar
exchange rate had significant influence. Partially, Bank Indonesia Interest Rate
had negative but significant influence, American dollar exchange rate had
negative and insignificant influence, and inflation had positive and significan
influence on Composite Stock Price Index.
Keywords: SBI, Inflation, Dollar Exchange, ISHG
Universitas Sumatera Utara