PENGARUH INFLASI, BI RATE, KURS DAN INDEKS DOW JONES INDUSTRIAL AVERAGE TERHADAP JAKARTA ISLAMIC INDEX (JII)

Muhammad Rasyid Ridha, Harmaini Harmaini

Abstract


This research discusses the influence of inflation, BI Rate, Exchange rate (IDR/USD) and Dow Jones Industrial Average. The analysis method used is multiple linear regression model with α = 5%. With EViews 9.0 applications. The results of this research show that inflation, BI Rate, Foreign Exchange and Dow Jones Industrial Average simultaneously had significant influence towards on the Jakarta Islamic Index (JII). Meanwhile, partially Inflation had positive and significant influence towards on the JII. BI Rate partially had negative and significant influence towards on the JII. But Exchange rate (IDR/USD) partially do not influence on the JII and Dow Jones partially had positive and significant influence towards on the JII.

Keywords


Inflation; BI Rate; Exchange Rate; Dow Jones Industrial Average Index Jakarta Islamic Index; multiple linier regression.

Full Text:

PDF

Article Metrics

Abstract views : 46| PDF views : 0

References


Ang, R. (2007). Buku Pintar Pasar Modal Indonesia. Jakarta: Media Staff Indonesia.

Chen, N.-F., Roll, R., & Ross, S. A. (1986). Economic Forces and the Stock Market. The Journal of Business, 59(3), 383–403. https://doi.org/10.1016/j.jempfin.2005.09.001

Forte, G., & Miglietta, F. (2007). Islamic Mutual Funds as Faith-Based Funds in a Socially Responsible Context. Bocconi University, Milan ABSTRACT, 1–27. https://doi.org/10.2139/ssrn.1012813

Maysami, C. R., & Koh, T. S. (2000). A Vector Error Correction Model of the Singapore Stock Market. International Review of Economics and Finance, 9, 79–96. https://doi.org/10.1016/S1059-0560(99)00042-8

Ross, S. A. (1976). the Arbitrage Theory of Capital Asset Pricing. Journal of Economic Theory, 13, 341–360.

Taurida, A. (2008). The Relationship Between Variabel Macroeconomic and Beta of Share to Return of Share Company Sector of Agribusiness and Non Agribusiness in Group Jakarta Islamic Index, ,. Magister of Business, Institute Technology Bandung.




DOI: http://dx.doi.org/10.25105/me.v25i2.4891

Refbacks

  • There are currently no refbacks.


Copyright (c) 2019 Media Ekonomi

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

 

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

 

View My Stats