PENGARUH KURS RUPIAH, INFLASI,BI RATE, FED RATE, DAN SHANGHAI STOCK EXCHANGE COMPOSITE (SSEC) TERHADAP INDEKS HARGA SAHAM SEKTOR PROPERTI, REAL ESTAT, DAN KONSTRUKSI BANGUNAN (Studi Kasus pada Bursa Efek IndonesiaPeriode 2014-2018)

Arthit Jayanti Hardiman, Sri Widiyati Widiyati, Moch. Abdul Kodir

Abstract


This research aims to analyze the influence of the rupiah exchange rate, inflation, BI rate, FED rate, and SSEC onThe Stock Price Index of Property, Real Estate and Building Constructionon Indonesia Stock Exchange during 2014-2018. This research used secondary data. The sampling methodused total sampling, so the sample is the entire population or all of companies listed in property, real estate, and building construction sector on Indonesia Stock Exchange during 2014-2018. The research statistical model used multiple linear regression analysis model processed by software SPSS 25. The equation of this regression model estimation on this research: IHSSP = 339.651 – 0.019KU -837.814IN + 460.140BR + 141.072FR + 0.023IS + ℯ. The F testresult of this research show the rupiah exchange rate, inflation, the BI rate, the FED rate, and SSEChave significant simultaneously influence on the Sector Stock Price Index of Property, Real Estate, and Building Construction. Then the t test result of this research show the rupiah exchange rate has significant partially influence, so H1 was accepted. Inflation has significant partially influence, so H2 was accepted. BI rate has not significant partially influence, so that H3 was rejected. FED rate has not significant partially influence, so H4 was rejected. SSEC has significant partially influence, so H5 was accepted on the Sector Stock Price Index of Property, Real Estate, and Building Construction. The coefficient of determination is 0.826., so the ability variation of the independent variables (rupiah exchange rate, inflation, BI rate, FED rate, and SSEC) in explaining the variation of the dependent variable (Sector Stock Price Index of Property, Real Estate, and Building Construction) was 82.6%, while the rest was explained by other independet variable soutside this research

Full Text:

PDF

References


Akbar, Yogie Alan. 2016. “Pengaruh

Fundamental Makroekonomi dan

Indeks Negara Tujuan Ekspor

Indonesia terhadap Indeks Harga

Saham Gabungan (IHSG)”. Jurnal

Ilmiah Mahasiswa FEB

Universitas Brawijaya, Volume 4,

Nomor 2, Malang.

Artini, Luh Gede Sri et al. 2017.

“Analisis Fundamental Makro dan

Integrasi Pasar Saham Dunia

dengan Bursa Efek Indonesia”.

Jurnal Manajemen, Strategi Bisnis

dan Kewirausahaan Universitas

Udayana, Volume 11, Nomor 2,

Bali.

Bursa Efek Indonesia.2010. Buku

Panduan Indeks Harga Saham

Gabungan Bursa Efek. Indonesia.

Jakarta: Indonesia Stock

Exchange. Bursa Efek Indonesia.

Cahya, Putu Fenta Pramudya et al.

“Indeks Harga Saham Sektor

Properti dan Real Estate yang

Tercatat di Bursa Efek Indonesia

Tahun 2011-2013”. E-Journal

Bisma Universitas Pendidikan

Ganesha, Volume 3, Nomor (1).

Christa, Ruth dan Wahyu Ario

Pratomo. 2013. “Analisis Pengaruh

Indeks Harga Saham di Bursa

Global terhadap Indeks Harga

Saham Gabungan di BEI”. Jurnal

Ekonomi dan Keuangan

Universitas Sumatera Utara,

Volume 1, Nomor 8, Medan.

Ghozali, Imam. 2014. Ekonometrika:

Teori dan Aplikasi dengan IBM

SPSS 24. Semarang: Badan

Penerbit Universitas Diponegoro.

Ilham, Andry. 2013. “Analisis

Pengaruh Variabel Makro Ekonomi

terhadap Indeks Harga Saham

Sektoral pada Bursa Efek

Indonesia”. Tesis Universitas Gajah

Mada, Yogyakarta.

Lukisto, Johnson dan Njo Anastasia.

“Dampak Makroekonomi

terhadap Indeks Harga Saham

Sektor Properti di Indonesia

Periode Tahun 1994-2012”. Jurnal

Analisa Universitas Kristen Petra,

Volume 3, Nomor 2, Surabaya.

Manihuruk, Orientasi Peratun dan Ari

Darmawan. 2017. “Pengaruh BI

Rate, FED Rate dan Kurs Rupiah

terhadap Indeks Harga Saham

Gabungan (IHSG) (Studi pada

Bursa Efek Indonesia Periode 2009-

”. Jurnal Administrasi Bisnis

Universitas Brawijaya, Volume 52,

Nomor 2, Malang.

Mardiyati, Umi dan Ayi Rosalina.

“Analisis Pengaruh Nilai

Tukar, Tingkat Suku Bunga dan

Inflasi terhadap Indeks Harga

Saham Studi Kasus pada

Perusahaan Properti yang

Terdaftar di Bursa Efek Indonesia”.

Jurnal Riset Manajemen Sains

Indonesia Universitas Negeri

Jakarta, Volume 4, Nomor 1,

Jakarta.

Misgiyanti dan Idah Zuhroh. 2009.

“Pengaruh Suku Bunga Luar

Negeri Federal Reserve (The FED ),

Nilai Tukar Rupiah/ US $ dan

Inflasi terhadap Indeks Harga

Saham Gabungan di Bursa Efek

Indonesia Periode 2006-2008”.

Jurnal Ekonomi Pembangunan

Universitas Muhammadiyah

Malang, Volume 7, Nomor 1,

Malang.

Prastyo, Eko. 2015. Ternyata

penelitian itu mudah. Lumajang:

EduNomi.

Purwanto, Erwan Agus dan Dyah

Ratih Sulistyastuti. Metode

Penelitian Kuantitatif untuk

Administrasi Publik dan Masalahmasalah Sosial. 2017. Yogyakarta:

Gava Media.

Rohmanda, Deny et al. 2014.

“Pengaruh Kurs Rupiah, Inflasi

dan BI Rate terhadap Harga

Saham (Studi pada Indeks Sektoral

Bursa Efek Indonesia Periode 2005-

”. Jurnal Administrasi Bisnis

Universitas Brawijaya, Volume 13,

Nomor 1, Malang.

Sofyani, Nurin Widyastuti dan Sugeng

Wahyudi. 2015. “Analisis Pengaruh

Variabel Makro Ekonomi Global

dan Makro Ekonomi Domestik

terhadap Indeks Harga Saham

Sektor Properti dan Real Estate

Dengan Metode GARCH (Periode

Januari 2004-Desember 2014)”.

Diponegoro Journal of Management

Universitas Diponegoro, Volume 5,

Nomor 1, Semarang.

Sugiyono. 2016. Statistika untuk

Penelitian.. Bandung: Alfabeta

www.bi.go.id

www.databoks.katadata.co.id

www.idx.co.id

www.Investopedia.com

wwww.Kemendag.go.id

www.Klikpajak.com

www.Properti.compas.co.id

www.wikipedia.co.id

Witjaksono, Ardian Agung. 2010.

“Analisis Pengaruh Tingkat Suku

Bunga SBI, Harga Minyak Dunia,

Harga Emas Dunia, Kurs Rupiah,

Indeks Nikkei 225, dan Indeks Dow

Jones terhadap IHSG”. Skripsi

Universitas Diponegoro, Semarang.

Zulkarnain, Ronny Wijaya. 2016.

“Faktor Fundamental Ekonomi

Makro terhadap Indeks Harga

Saham Properti”. Jurnal Aplikasi

Manajemen Universitas

Widyatama, Volume 14, Nomor 3,

Bandung.


Refbacks

  • There are currently no refbacks.


Copyright (c) 2019 Jurnal Aktual Akuntansi Keuangan Bisnis Terapan (AKUNBISNIS)

Creative Commons License
This work is licensed under a Creative Commons Attribution-NonCommercial-ShareAlike 4.0 International License.

JURNAL AKTUAL AKUNTANSI KEUANGAN BISNIS TERAPAN
Alamat : Jl Prof H Soedarto SH Tembalang, Semarang 50275
Jawa Tengah, Indonesia