PENGARUH SBI INFLASI DAN KURS DOLLAR AMERIKA TERHADAP INDEKS HARGA SAHAM GABUNGAN DI BURSA EFEK INDONESIA
ABSTRAK
Penelitian ini bertujuan untuk menguji dan menjelaskan seberapa besar pengaruh Suku Bunga Bank Indonesia, inflasi dan nilai tukar dolar Amerika terhadap Indeks Harga Saham Gabungan pada seluruh perusahaan yang terdaftar di Bursa Efek Indonesia tahun 2003-2012 secara parsial dan simultan. Populasi dan sampel dalam penelitian ini adalah seluruh perusahaan yang terdaftar di Bursa Efek Indonesia selama periode pengamatan. Untuk menguji hipotesis yang diajukan digunakan alat uji regresi berganda. Hasil penelitian ini menunjukkan bahwa secara simultan SBI, Inflasi dan kurs dolar Amerika berpengaruh signifikan, sedangkan secara parsial SBI berpengaruh negatif dan signifikan, kurs dolar Amerika berpengaruh negatif tapi tidak signifikan, sedangkan inflasi berpengaruh positif dan signifikan terhadap IHSG.
Kata Kunci : SBI, Inflasi, Kurs Dolar dan IHSG
THE INFLUENCE OF THE INFLATION OF SBI (INDONESIAN BANK INTEREST RATE) AND AMERICAN DOLLAR EXCHANGE RATE
ON ISG (COMPOSITE STOCK PRICE INDEX) IN THE INDONESIA STOCK EXCHANGE
ABSTRACT
The objective of the research was to examine and to explain the influence of the SBI (Indonesian Bank Interest Rate), inflation, and the American dollar exchange rate on composite stock price index in all companies listed in the Indonesia Stock Exchange in the period of 2003-2012 partially and simultaneously. The population and the samples were all companies listed in the Indonesia Stock Exchange during the observation period. Multiple regression tests were used to test the hypothesis. The result of the research showed that, simultaneously, Bank Indonesia Interest Rate, inflation and American dollar exchange rate had significant influence. Partially, Bank Indonesia Interest Rate had negative but significant influence, American dollar exchange rate had negative and insignificant influence, and inflation had positive and significan influence on Composite Stock Price Index.
Keywords: SBI, Inflation, Dollar Exchange, ISHG
