PENGARUH INFLASI, NILAI TUKAR RUPIAH, TINGKAT SUKU BUNGA SBI DAN INDEKS DOW JONES TERHADAP INDEKS HARGA SAHAM GABUNGAN DI BEI (Periode Januari 2009 sampai Maret 2015)

Abstract

Composite Stock Price Index  (CSPI) is a combination the stock prices from all entities recorded in the IDX. There are several factors that could affect CSPI of which is the inflation, exchange rate, SBI interest rate and Dow Jones Industrial Average.

            This study aims to prove empirically the effect of the inflation, the rupiah exchange rate, the SBI interest rate and the Dow Jones Industrial Average upon the Composite Stock Price Index. Used data in this study is the time series data monthly over period of January 2009 to March 2015 is as many as 75 data. The data analyzed with method of multiple linear regression.

            The result of study showing is simultaneously the inflation,the rupiah exchange rate, the SBI interest rate and the Dow Jones Industrial Average affect the Composite Stock Price Index. While in partial only inflation not affect the Composite Stock Price Index.

 

Keyword: inflations, rupiah exchange rate, SBI interest rate, Dow Jones Industrial Average