PENGARUH PERUBAHAN NILAI KURS RUPIAH, SUKU BUNGA SBI DAN INFLASI TERHADAP INDEKS HARGA SAHAM GABUNGAN PADA TAHUN 2013-2016

Abstract

ABSTRACT
Stock trading in Indonesia currently has progressed very rapidly. This can
happen because the progress of information technology has helped a lot in
transactions in the capital market. In investment, high inflation causes investors
to be more careful in selecting and conducting transactions, so investors tend to
wait to invest until the economic conditions are conducive to avoiding the risks
that may be caused by high inflation. The purpose of the study was to analyze the
effect of the Rupiah Exchange Rate, SBI Interest Rate and Inflation on the
Composite Stock Price Index (CSPI) on the Indonesia Stock Exchange in 2013-
2016. To analyze the influence of the Rupiah / USD Exchange Rate on the
Composite Stock Price Index (CSPI) on the Indonesia Stock Exchange in 2013-
2016. To analyze the effect of the Indonesian Bank Certificate (SBI) Interest Rate
on the Composite Stock Price Index (IHSG) on the Indonesia Stock Exchange in
2013-2016. To analyze the effect of inflation rates on the Composite Stock Price
Index (CSPI) on the Indonesia Stock Exchange in 2013-2016. Based on
simultaneous testing (together) it can be seen that the independent variables
including the Rupiah Exchange Rate, SBI Interest Rate, and Inflation, have a
positive effect on the Composite Stock Price Index on the Indonesia Stock
Exchange in 2013-2016. The value of the Rupiah Exchange has a significant
negative effect on the Composite Stock Price Index on the Indonesia Stock
Exchange in 2013-2016. SBI Interest Rate has a significant positive effect on the
Composite Stock Price Index on the Indonesia Stock Exchange in 2013-2016.
Inflation has a significant positive effect on the Composite Stock Price Index on
the Indonesia Stock Exchange in 2013-2016.
Keywords: Value of Rupiah Exchange Rate, SBI Interest Rate, Inflation,
Composite Stock Price Index (CSPI)