The Composite Price Index (JCI) often fluctuates from year to year, which should be expected by investors to increase, so that investors get certainty about the return on investment funds placed in the capital market. Analysis of economic factors shows a strong relationship between the macroeconomic and performance in Indonesian capital market. The purpose of this study was to analyze the effect of Macro Variables on the Composite Stock Price Index (JCI) for the period 2008 to 2020. The macro variables used were Inflation, Economic Growth, Dollar Exchange Rate and SBI or 7 Day Repo Rate against the JCI. The number of sample is 13 years, from 2008 to 2020. Multiple linear regression analysis, coefficient of determination test using SPSS Version 26 software. The conclusion is that Inflation has no significant effect on the JCI, while Economic Growth, Dollar Exchange and SBI have a significant effect on the JCI. Simultaneously, Inflation, Economic Growth, Dollar Exchange and SBI have a significant effect on the JCI.
| Published in | International Journal of Economics, Finance and Management Sciences (Volume 10, Issue 4) |
| DOI | 10.11648/j.ijefm.20221004.17 |
| Page(s) | 217-221 |
| Creative Commons |
This is an Open Access article, distributed under the terms of the Creative Commons Attribution 4.0 International License (http://creativecommons.org/licenses/by/4.0/), which permits unrestricted use, distribution and reproduction in any medium or format, provided the original work is properly cited. |
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Copyright © The Author(s), 2024. Published by Science Publishing Group |
Inflation, Economic Growth, Return Stock
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APA Style
Heri Sasono. (2022). Analysis of the Effect of Macro Variables on JCI Period of 2008 to 2020. International Journal of Economics, Finance and Management Sciences, 10(4), 217-221. https://doi.org/10.11648/j.ijefm.20221004.17
ACS Style
Heri Sasono. Analysis of the Effect of Macro Variables on JCI Period of 2008 to 2020. Int. J. Econ. Finance Manag. Sci. 2022, 10(4), 217-221. doi: 10.11648/j.ijefm.20221004.17
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Download@article{10.11648/j.ijefm.20221004.17,
author = {Heri Sasono},
title = {Analysis of the Effect of Macro Variables on JCI Period of 2008 to 2020},
journal = {International Journal of Economics, Finance and Management Sciences},
volume = {10},
number = {4},
pages = {217-221},
doi = {10.11648/j.ijefm.20221004.17},
url = {https://doi.org/10.11648/j.ijefm.20221004.17},
eprint = {https://article.sciencepublishinggroup.com/pdf/10.11648.j.ijefm.20221004.17},
abstract = {The Composite Price Index (JCI) often fluctuates from year to year, which should be expected by investors to increase, so that investors get certainty about the return on investment funds placed in the capital market. Analysis of economic factors shows a strong relationship between the macroeconomic and performance in Indonesian capital market. The purpose of this study was to analyze the effect of Macro Variables on the Composite Stock Price Index (JCI) for the period 2008 to 2020. The macro variables used were Inflation, Economic Growth, Dollar Exchange Rate and SBI or 7 Day Repo Rate against the JCI. The number of sample is 13 years, from 2008 to 2020. Multiple linear regression analysis, coefficient of determination test using SPSS Version 26 software. The conclusion is that Inflation has no significant effect on the JCI, while Economic Growth, Dollar Exchange and SBI have a significant effect on the JCI. Simultaneously, Inflation, Economic Growth, Dollar Exchange and SBI have a significant effect on the JCI.},
year = {2022}
}
TY - JOUR T1 - Analysis of the Effect of Macro Variables on JCI Period of 2008 to 2020 AU - Heri Sasono Y1 - 2022/08/05 PY - 2022 N1 - https://doi.org/10.11648/j.ijefm.20221004.17 DO - 10.11648/j.ijefm.20221004.17 T2 - International Journal of Economics, Finance and Management Sciences JF - International Journal of Economics, Finance and Management Sciences JO - International Journal of Economics, Finance and Management Sciences SP - 217 EP - 221 PB - Science Publishing Group SN - 2326-9561 UR - https://doi.org/10.11648/j.ijefm.20221004.17 AB - The Composite Price Index (JCI) often fluctuates from year to year, which should be expected by investors to increase, so that investors get certainty about the return on investment funds placed in the capital market. Analysis of economic factors shows a strong relationship between the macroeconomic and performance in Indonesian capital market. The purpose of this study was to analyze the effect of Macro Variables on the Composite Stock Price Index (JCI) for the period 2008 to 2020. The macro variables used were Inflation, Economic Growth, Dollar Exchange Rate and SBI or 7 Day Repo Rate against the JCI. The number of sample is 13 years, from 2008 to 2020. Multiple linear regression analysis, coefficient of determination test using SPSS Version 26 software. The conclusion is that Inflation has no significant effect on the JCI, while Economic Growth, Dollar Exchange and SBI have a significant effect on the JCI. Simultaneously, Inflation, Economic Growth, Dollar Exchange and SBI have a significant effect on the JCI. VL - 10 IS - 4 ER -
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