Pengaruh Nilai Tukar Rupiah pada US Dollar, Tingkat Inflasi, Dan Suku Bunga Sertifikat Bank Indonesia Terhadap Penanaman Modal Asing

Abstract

ABSTRACT
To generate an appropriate and profitable investment decision, investors
need to forecast capital market changes. In doing the forecasting, investors need
to analyze the macroeconomic changes that are and will happen. The observation
of changes in some macroeconomic variables such as inflation, interest rates of
Indonesian bank certificates, the rupiah exchange rate against the dollar and
reliable foreign investment can help investors in forecasting and making
investment decisions.
High inflation and bank interest rates will cause the company's operating
expenses to be heavier and will affect the financial performance of the business
entity. On the other hand, rising interest rates is a promising investment
opportunity for deposit investors. As exchange rate trends continue to rise,
investors tend to shift their capital to the foreign exchange market, in the hope of
gaining a higher return than investing in stocks, otherwise the decline in foreign
exchange rates will lead to an increase in investment in stocks. All this will
ultimately affect the interest of foreign investors in investing their capital.
Data used as sample in this research is inflation data, interest rate of SBI,
exchange rate of rupiah to US dollar, which is limited to data closing every
quarter during period between year 2012 until year 2016 which is 20 observation.
The data is obtained from the Central Bureau of Statistics and Bank Indonesia.
The type of this research is explanatory researce and the method of analysis used
is multiple regression to explain the influence between independent variable and
dependent variable. The result of this research shows significant influence of
rupiah exchange rate and SBI interest rate, to foreign investment. While inflation
has no effect on Foreign Investment.