36 results on '"Rupiah exchange rate"'
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2. Analisis Pengaruh Kurs Rupiah, Tingkat Suku Bunga, ROE dan DER terhadap Harga Saham Perusahaan Indeks IDX30 Periode 2014-2022.
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Aditya, Muhammad Ridwan, Marseto, and Sishadiyati
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This study aims to understand whether factors such as the Rupiah exchange rate, interest rates, Return on Equity (ROE) and Debt to Equity Ratio (DER) influence share prices of IDX30 companies from 2014 to 2022. Companies in the IDX30 index span the period 2014 - 2022 is the object of this study. For this study, 14 companies were selected as research samples through a purposive sampling method. This research applies secondary data with documentation techniques for data collection. Data analysis was carried out using the Eviews 10.0 analysis tool for panel data regression. The findings in the study explain that partially Rupiah exchange rate and ROE variables have a positive and significant influence on stock prices, the DER variable has a negative and significant influence on share prices, while interest rates have no impact on share prices. Simultaneously, share prices are influenced by the Rupiah exchange rate, interest rates, Return on Equity and Debt to Equity Ratio. [ABSTRACT FROM AUTHOR]
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- 2024
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3. Indonesia Stock Market Index (IDX) Before and During the Russian-Ukrainian War Period 2020-2023.
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Soenhadji, Iman Murtono and Bidjae, Venai Letisa
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The objective of this study was to examine the impact of the Federal Reserve's interest rate, inflation, world oil price, and the exchange rate of the Indonesian Rupiah on the IDX Composite both before and during the Russia-Ukraine conflict. Data collected from the period January 2020 to June 2023. The study aimed to analyze the combined effect of these variables on the IDX Composite, as well as their individual effects. Additionally, the study sought to identify the variable that exerted the most significant influence on the IDX Composite during the period under investigation. This research employs quantitative data obtained from secondary sources. The data analysis techniques used in this study encompass classical assumption testing, multiple linear regression analysis, hypothesis testing, coefficient of determination analysis, and paired sample t-tests. The findings of this study elucidate that the Federal Reserve's interest rate, inflation, global oil prices, and exchange rates collectively influence the IDX Composite both before and during the Russia-Ukraine conflict. The pre-war global oil price and the Federal Reserve's interest rate during the conflict have a partial impact on the IDX Composite. World Oil Price before the war and the Fed Interest Rate during the war are the most dominant variables affecting the IDX Composite. [ABSTRACT FROM AUTHOR]
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- 2024
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4. THE SHORT-TERM AND LONG-TERM EFFECTS OF MACROECONOMICS AND THE COVID-19 PANDEMIC ON THE PERFORMANCE OF THE INDONESIAN SHARIA STOCK INDEX.
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Pardiansyah, Elif, Fakhrudin, Muhamad, Najmudin, and Friantoro, Dian
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MACROECONOMICS ,COVID-19 pandemic ,FOREIGN exchange rates ,INTEREST rates - Abstract
This research aims to determine the short-term and long-term influence between the variables Inflation, SBI Interest Rate, Rupiah Exchange Rate, Bank Indonesia Sharia Certificate, World Oil Prices, and the Covid-19 Pandemic with the Indonesian Sharia Stock Index. This research uses a quantitative approach with multiple regression analysis techniques to analyze panel data using Eviews 10.0 software. The results of this research show that in the short term the inflation variables, SBI interest rates, Bank Indonesia Sharia Certificates (SBIS), world oil prices, and the Covid-19 pandemic do not have a significant influence on the Indonesian Sharia Stock Index. Meanwhile, in the short term, the rupiah exchange rate has a negative and significant effect on ISSI at the specified significance level. On the other hand, in the long term, the variables inflation, rupiah exchange rate, and Bank Indonesia Sharia Certificate (SBIS) do not have a significant influence on ISSI. While the SBI interest rate, world oil prices, and the Covid-19 pandemic have a significant influence on the Indonesian Sharia Stock Index (ISSI). [ABSTRACT FROM AUTHOR]
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- 2024
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5. ANALISA MULTI FAKTOR TERHADAP PENINGKATAN VALUE PENJUALAN BATUBARA INDONESIA UNTUK EKSPOR.
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Husodo, Mohammad Bimo and Vanany, Iwan
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The high demand for coal presents attractive market prospects for Indonesian coal exporters. This research aims to analyze the influence of specific factors on the increase in the value of coal sales for export in Indonesia during the period 2019-2022. The factors considered in this study include the exchange rate of the rupiah, coal production, domestic coal demand, coal benchmark prices, and the use of renewable energy. Multiple linear regression analysis is employed to test the relationship between these variables and the increase in the value of coal sales for export. Other influencing factors are geopolitical issues, including war/invasion of a country, trade wars, currency wars, and changes in technology for renewable energy. The Analytic Heirarky Process (AHP) method is used to test the relationships between variables and the value of coal sales for export. The results of this research can provide valuable insights for the Indonesian government and stakeholders in managing the coal sector. Additionally, it can serve as a basis for formulating more effective policies to maximize state revenue from this natural resource and enhance the competitiveness of the Indonesian coal industry in the international market. [ABSTRACT FROM AUTHOR]
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- 2024
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6. DETERMINANTS OF COFFEE EXPERTS OF BANDAR LAMPUNG PROVINCE IN THE INTERNATIONAL MARKET FOR THE PERIOD 2004-2022.
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Maulida, Safia and Hafidh Saiful Fikri, Aula Ahmad
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COFFEE sales & prices , *ECONOMIC competition , *INTERNATIONAL markets , *ECONOMIC sectors , *BALANCE of trade - Published
- 2023
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7. Factors Influencing the Prices of Red Chili and Shallots in Indonesia: Analysis of the Impact on the Global Market.
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Riyadh, Muhammad Ilham
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FOOD security , *MACROECONOMICS , *FOOD prices , *ECONOMIC development - Published
- 2023
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8. The COVID-19 pandemic and the exchange rate: a lesson learned from Indonesia
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Sunaryati Sunaryati and Aris Munandar
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indonesia ,covid-19 pandemic ,rupiah exchange rate ,efficient market hypothesis ,Economic theory. Demography ,HB1-3840 - Abstract
This paper aims to capture the relationship between the COVID-19 pandemic and the exchange rate. We utilized high-frequency data by utilizing daily data from January 21st, 2020, through June 29th, 2022. In contrast to the vast majority of research that disregards the incubation period of COVID-19 in the number of daily transmission cases, we use the growth of COVID-19 as a 14-day moving average of confirmed cases as the main independent variables. Findings indicate that the devaluation of the rupiah exchange rate is long-term associated with the increase in COVID-19 cases and deaths. According to the efficient market hypothesis, the rupiah depreciates due to the increase of COVID-19 transmission, which is publicized by the media. In the midst of the debate over the impact of the pandemic on the exchange rate and using Indonesia as a lesson learned for emerging market economies, our research is a recent study that examines this topic with completed data-generating processes – when the pandemic entered its last wave phase. In regard to exchange rate behavior, the disease outbreak channel exists. The government must restrict widespread media coverage of data on the spread of COVID-19 while focusing on accelerating measures to control the pandemic. A low-interest rate imposed by the monetary authorities as an effort to stimulate economic recovery can also exert pressure on the exchange rate, necessitating the optimization of other instruments, such as foreign exchange intervention.
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- 2023
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9. FACTORS AFFECTING INDONESIAN ARABICA COFFEE EXPORT
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Riska A., Romano, and Agus N.
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coffee ,export ,error correction model ,price ,rupiah exchange rate ,Agriculture (General) ,S1-972 - Abstract
The purpose of this study is to analyze the development of Indonesian coffee exports, coffee export prices, Indonesian coffee production and consumption, the rupiah exchange rate (exchange rate) in the international market, and analyze the factors that influence the supply of Indonesian coffee exports. The data analysis method used is descriptive method and quantitative method. The quantitative method used to analyze the factors that affect the volume of Indonesian coffee exports in the short term is the Error Correction Model (ECM) approach. The result of showed that the development of Indonesian coffee exports in 1990-2020 showed fluctuations in both the volume, value, and price of Indonesian coffee exports. Based on the results of the analysis using ECM, it was found that the supply of Indonesian coffee exports in the short term was significantly influenced by coffee production and had a positive effect. Meanwhile, Indonesia's coffee export supply in the long term is significantly influenced by coffee production and international coffee prices and the effect is positive. Meanwhile, only in the long term, coffee export prices have a significant negative impact on Indonesia's coffee export supply. The implications of policies that can be taken by the government to maintain or increase market share in conditions of increasingly fierce competition are that coffee productivity must be increased (reduce production costs) so that the relative price of Indonesian coffee is cheaper and in the end the competitiveness of Indonesian coffee exports can increase. In addition, there is a need for a policy of diversifying coffee products into processed coffee through the use of post-harvest technology so as to create added value for coffee to overcome fluctuations in domestic and international coffee prices.
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- 2022
10. ANALISIS HUBUNGAN EKSPOR, IMPOR, KURS DAN PERTUMBUHAN EKONOMI PROVINSI KEPULAUAN BANGKA BELITUNG
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Kintan Ananda Putri, Dian Prihardini Wibawa, and Sumiyati Sumiyati
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Economic Growth ,Exports ,Imports ,Rupiah Exchange Rate ,and Vector ,Finance ,HG1-9999 ,Business ,HF5001-6182 - Abstract
This study aims to analyze the relationship between Exports, Imports, Rupiah Exchange Rate and Economic Growth in the Province of the Bangka Belitung Islands. This type of research is a type of quantitative research. Data analysis was carried out using Vector Error Correction Model (VECM) analysis. The results showed that in long-term relationship there is a positive and insignificant relationship between Exports and Economic Growth, there is a negative and significant relationship between Imports and Economic Growth and there is a positive and significant relationship between the Rupiah Exchange Rate and Economic Growth. In the short term relationship there is a relationship between Economic Growth and Exports, Economic Growth with Exchange Rates, Rupiah Exchange Rates with Exports, and Exports with Imports. The Granger causality test results show that there is a unidirectional relationship between Economic Growth and Exports, Exports and Imports, Economic Growth and Imports, Rupiah Exchange Rates with Imports and Rupiah Exchange Rates with Economic Growth in the Bangka Belitung Islands.
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- 2023
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11. Faktor-Faktor yang Mempengaruhi Defisit Anggaran : Nilai Tukar Rupiah, Pertumbuhan Ekonomi, Utang Luar Negeri, dan Harga Minyak Dunia.
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Sari, Rizkita and Kuntadi, Cris
- Abstract
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- 2023
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12. Analisis Dampak COVID-19 dan Faktor-Faktor yang Mempengaruhi Indeks Saham Bank Jatim Menggunakan Pendekatan Regresi Time Series
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Muktar Redy Susila, Mochamad Jamil, and Bambang Hadi Santoso
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stocks ,jci ,covid-19 ,rupiah exchange rate ,time series regression ,Mathematics ,QA1-939 - Abstract
Stock is one of the instruments that can be used to invest. The factors suspected of influencing the fluctuations in the stock price index are the Jakarta Composite Index (JCI), the rupiah exchange rate, and the Covid-19. The purpose of this study is to analyze the effect of the JCI, the rupiah exchange rate, and the Covid-19 on the Jatim Bank stock price index. To analyze the effect of the JCI, the rupiah exchange rate, and the Covid-19 on the Jatim Bank stock price index, time series regression analysis was used. The results of the analysis show that the JCI, the rupiah exchange rate, and the Covid-19 have a significant effect on the Jatim Bank stock price index. The p-value of the three variables is less than 0.05. The value of the determination coefficient is 65.56%, so that the diversity of the dependent variable that can be explained by the model is 65.56%.
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- 2022
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13. Komparasi Model Prediksi Kurs Pada Masa Pandemi Covid-19 Menggunakan Neural Network Berbasis Genetic Algorithm dan Particle Swarm Optimization
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Ali Nur Ikhsan, Primandani Arsi, and Jali Suhaman
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ga-based neural network ,pso-based neural network ,rupiah exchange rate ,Electrical engineering. Electronics. Nuclear engineering ,TK1-9971 ,Electronic computers. Computer science ,QA75.5-76.95 - Abstract
Data from Bank Indonesia shows that the rupiah exchange rate against dollar weakened at the beginning of the Covid-19 pandemic. This exchange rate volatility is an important problem in the Indonesian economy. Therefore, the prediction model for the exchange rate against the dollar is needed during the Covid-19 pandemic to predict the exchange rate during the Covid-19 Pandemic. This study is proposed to compare the prediction of the rupiah exchange rate against the dollar using the GA-based Neural Network algorithm and the PSO-based Neural Network algorithm. Initially the data was collected in the period 2019 to 2021, then the data is preprocessed. Validation used the k-fold validation technique with a ratio of 70:30, while the evaluation is carried out with the output of RMSE. The results showed that the performance of PSO and GA was the same, namely 0.020 +/- 0.006.
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- 2022
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14. Analysis of Factors Affecting the Rupiah Exchange Rate Against the US Dollar 2000-2022
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PURNAWAN, I Putu Geri, PARDITA, Dewa Putu Yudi, AZIZ, Ita Sylvia Azita, PURNAWAN, I Putu Geri, PARDITA, Dewa Putu Yudi, and AZIZ, Ita Sylvia Azita
- Abstract
Purpose:This research analyzes the factors influencing the rupiah exchange rate against the US dollar. This research was conducted to analyze the factors that influence the Rupiah exchange rate against the United States Dollar for the 2020-2022 periodMethodology:This research is based on secondary data, specifically time series data, obtained from reputable sources such as the websites of the Ministry of Trade of the Republic of Indonesia, Bank Indonesia, and the Central Statistics Agency. The data were meticulously processed using the robust method of multiple linear regression analysis, ensuring the reliability and validity of the findings.Findings:The results of the research show that inflation has a positive effect and a significant effect on the Rupiah exchange rate, Exports have a negative effect and no significant effect on the Rupiah exchange rate, Imports have a positive effect and have no significant effect on the Rupiah exchange rate, Foreign exchange reserves have a positive effect and have a significant effect on the Rupiah exchange rate Simultaneously or simultaneously Inflation, Exports, Imports and Foreign Exchange Reserves have a significant effect on the rupiah exchange rate.Implication:Inflation, exports, imports and foreign exchange reserves influence the rupiah exchange rate against the US dollar. Inflation has a positive impact, while exports have a negative impact, and imports are insignificant. Foreign exchange reserves provide a significant positive impact.
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- 2024
15. Hybrid Extreme Learning Machine dan Firefly Algorithm untuk Meramalkan Nilai Tukar Rupiah terhadap Dolar
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Ilham Ramadhani, Auli Damayanti, and Edi Winarko
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extreme learning machine ,firefly algorithm ,forecasting ,rupiah exchange rate ,Applied mathematics. Quantitative methods ,T57-57.97 ,Mathematics ,QA1-939 - Abstract
Every country has a currency as a medium of exchange and the movement of its exchange rate can affect the economy of the country. In Indonesia, since the freely floating exchange rates system has been applied in August 1997, the value of rupiah currency in the foreign exchange market can change at any time. Considering the massive impacts of exchange rate fluctuation on the economy, then forecasting the exchange rate of rupiah against the US dollar is important to help Indonesia's economic growth. The aims of this thesis is to predict the estimated exchange rate of rupiah against the US dollar in the future by using hybrid artificial neural network extreme learning machine (ELM) method and firefly algorithm (FA). In the training process, ELM-FA hybrid has a role to obtain the best weight and bias. The weight and bias that obtained will be used for forecasting and to know the success rate of the training process, the validation test process is required. Based on the implementation of program and simulation for some parameter values on the exchange rate data from Jan 2015 until Jan 2018, with four input and hidden nodes, and one output node, obtained the smallest MSE of the training is 0.000480513 with MSE of the testing is 0.0000854107. The relatively small MSE value indicates that ELM-FA network is able to recognize the data pattern well and able to predict the test data well.
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- 2021
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16. DETERMINANTS OF THE VOLATILITY OF THE RUPIAH EXCHANGE RATE AGAINST THE DOLLARSAMERICA IN THE MIDDLE OF THE COVID-19.
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Astuty, Pudji
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COVID-19 pandemic ,FOREIGN exchange rates ,MARKET volatility ,GLOBALIZATION ,ECONOMIC activity - Abstract
Liberalization, regionalization, and globalization have made the inflow of goods, services, and capital easier to break through the regional boundaries of a country, and the barriers have continued to decrease for global trade or business. cross border. The consequences of liberalization, regionalization, and globalization demand the existence of a country's economic transparency which can cause concerns for every country, including Indonesia, especially regarding the stability of its currency exchange rate. During the Covid-19 Pandemic, at the end of March 2020, the Rupiah exchange rate against the US Dollar weakened by 18% compared to its position in December 2019 (before the Covid-19 Pandemic). The exchange rate of the Rupiah against the US Dollar is continuously fluctuating and tends to weaken. The volatility of the Rupiah exchange rate against the US Dollar and its large volatility over a long period can disrupt the economy as a whole. The purpose of this research is to analyze the factors that influence the volatility of the Rupiah exchange rate to the US Dollar. This research uses inferior information on duration (time series) from 2009 to 2020 (information per year). The results of the research can be concluded that the JCI, Trade Balance, Foreign Loans, Inflation, and Interest Rates have an important influence on the volatility of the Rupiah exchange rate to the US Dollar either simultaneously or partially. [ABSTRACT FROM AUTHOR]
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- 2022
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17. The Impact of Covid 19, Rupiah Exchange Rate, and SBI Interest Rate on IDX.
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Hanjani, Andreani, Yuyetta, Etna Nur Afri, Sari, Maylia Pramono, Larasati, Primadhani Dyah, Dinanti, Aldila, and Andika, Arditya Dian
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FOREIGN exchange rates ,INTEREST rates ,INDIAN rupee ,GROSS domestic product - Abstract
This study aims to investigate the effect of Covid 19, Rupiah Exchange Rate, and SBI Interest Rate on Indonesia Stock Exchange (IDX). The data analysis was performed using multiple linear regression. Data collection techniques are carried out by processing data that has been published by Bank Indonesia. The results showed that Covid 19 and SBI Interest Rate did not influence IDX. Meanwhile, Rupiah Exchange Rate positively affected on IDX. This study contributes to understanding the macroeconomic factors that affect on IDX in developing countries such as Indonesia during the financial crisis period caused by the Covid 19 pandemics. Thus, this study as a reference for the Indonesia Government in making policies concerning to IDX problem. This study only revealed three variables as determinants of IDX. The next studies should consider more variables such as inflation, gross domestic product, and the amount of money in circulation. Secondly, the future studies should consider other methods of OLS difference one model can be used to predict well the IDX. [ABSTRACT FROM AUTHOR]
- Published
- 2022
18. The Effect of Inflation Rate, Rupiah Exchange Rate and Economic Growth on Income Tax in Indonesia for the Period January 2018 – September 2021.
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Srimulyani, Neng Ratih, Furgawati, Ega, Haura, Zulfaa Aprillianti, Septiyanti, Afmi, Insani, Anissa Nur, and Suryana
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Income tax is a type of tax that is imposed fairly, but in fact a fair income tax is an income tax that is actually levied on income or on additional economic capacity. From several types of tax revenues, Income Tax was chosen because it is the largest contributor to state revenue to the APBN. And because of the role of PPh as a source of revenue, the researcher wants to know and look for empirical evidence how the Influence of Inflation Rate, Rupiah Exchange Rate and Economic Growth on Income Tax Revenue in Indonesia for the period January 2018 - September 2021. Through a decrease in the inflation rate, an increase in the rupiah exchange rate and the increase in economic growth is expected to increase Income Tax Revenue (PPh). The method used in this research is descriptive quantitative method. This research was conducted using secondary data sourced from the website of the Central Statistics Agency, Bank Indonesia, and the Directorate General of Taxes. This study used 36 samples. Data collection is carried out by examining inflation data, the rupiah exchange rate, and economic growth in the period 2018-2021. The results show a correlation of 0.353 or 35.3% indicating that income tax revenues can be explained by the inflation rate. While the rest (100% - 35.3% = 64.7%) is explained by other reasons outside the model. Testing the hypothesis by using the t-test, the t count value is 0.015 <0.05, which means that the test results show that the Inflation Rate has a partial effect on Income Tax Revenue (PPh). [ABSTRACT FROM AUTHOR]
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- 2022
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19. FACTORS AFFECTING DEMAND FOR SOUTH KALIMANTAN SHRIMP EXPORT TO THE EUROPEAN UNION
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Lilimantik E.
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shrimp ,export ,demand ,price ,rupiah exchange rate ,the european union ,Agriculture (General) ,S1-972 - Abstract
This study aims to determine the factors that affect the demand for South Kalimantan shrimp exports to the European Union. The data used are secondary data, namely time series data from 2006 to 2019. The research site is determined by purposive sampling which at PT. Karimata Timur with the consideration that this company is the only company in South Kalimantan that exports shrimp to the European Union. The analysis used is multiple linear regression analysis with the results of the analysis showing that (a) the X1 value of -21.191 explains that every 100% increase in the price of shrimp exports to the European Union will reduce the demand for shrimp exports from South Kalimantan to the European Union by 21.191%, (b) The X2 value of -14,339 indicates that each 100% increase in the export price of shrimp to the non-European Union will reduce the demand for South Kalimantan shrimp exports to the European Union by 14.339% and (c) The X3 value of 57,867 indicates that every increase in the rupiah exchange rate is 100% will increase the demand for South Kalimantan shrimp exports to the European Union by 57.867% or if the rupiah strengthens against the US dollar (appreciation) then the demand for South Kalimantan shrimp exports by the European Union will increase, but on the other hand, if the rupiah weakens (depreciation) then the export demand by the European Union will decrease.
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- 2020
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20. Changes in Macroeconomic conditions and capital Return in Indonesia
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Andesta Selvi, Adam Mohammad, and Suhel
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stock return ,inflation change ,rupiah exchange rate ,change in amount of money supply ,change in bank indonesia sharia certificate ,change in foreign exchange reserves ,and change in interest rates ,Economics as a science ,HB71-74 - Abstract
Purpose: this study aims to examine the influence of changes in inflation, changes in the rupiah exchange rate, changes in the money supply, changes in SBIS, changes in foreign exchange reserves and changes in interest rates on the return of Indonesian Islamic stocks.Methods: this study is focused on looking at conditions of macroeconomic changes that have an impact on the activity of the Islamic capital market, particularly on the return of Islamic stocks listed in the Jakarta Islamic Index. This empirical evidence is related to variable macroeconomic changes, namely changes in inflation, rupiah exchange rate, money supply, foreign exchange reserves, Indonesian Syariah Bank Certificates (SBIS) and interest rates on sharia stock returns for the period January 2014 – December 2019 obtained from Financial publications. Service Authority (OJK) and Bank Indonesia. The analysis technique used is quantitative analysis using multiple regression analysis tools.Results: the results of this study are (1) Variable Changes in Inflation, Changes in the Amount of Money Supply, Changes in Foreign Exchange Reserves, Changes in SBIS have a positive and significant effect on Stock Returns listed on the Jakarta Islamic Index, (2) changes in exchange rates have a negative and significant effect on Stock Returns listed in Jakarta Islamic. Index, (3) the Interest Rate variable has no effect on Stock Returns listed on the Jakarta Islamic Index.Conclusions and Relevance: the approach used by each variable starts with the conventional followed by the study of Islamic macroeconomics, in order to provide a philosophy of science and economics that refers to Baqir Sadr in the Iqtishaduna book. In this study, researchers examined macroeconomic variables on sharia stock returns to prioritize people's welfare and pay close attention to every investment process based on sharia principles. Therefore the public, entrepreneurs, investors and company performance must pay attention to information regarding changes in inflation, changes in the rupiah exchange rate, changes in the money supply, changes in Bank Indonesia Sharia Certificates (SBIS), changes foreign exchange reserves, and changes in interest rates in order to minimize risks for both investors and entrepreneurs. This variable can affect the movement of the capital market so that the return on Islamic stocks also has an effect.
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- 2020
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21. Analysis of The Effect of Macroeconomics On Net Assets Value (NAV) of Sharia Mutual Funds In Indonesia
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Hilyatun Nafisah and Supriyono Supriyono
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rupiah exchange rate ,inflation ,jii ,sbis ,nav ,Economics as a science ,HB71-74 ,Islamic law ,KBP1-4860 ,Economic growth, development, planning ,HD72-88 - Abstract
Net Asset Value (NAV) is a measure of investment performance for sharia mutual funds derived from the entire value of the mutual fund portfolio fewer liabilities. This research aims to analyze the effect of the rupiah exchange rate, inflation, Jakarta Islamic Index (JII) and Bank Indonesia Sharia Certificate (SBIS) on Net Asset Value (NAV) of Sharia Mutual Funds. The object in this research consisted of 5 companies registered with the Financial Services Authority (OJK) from 2012-2019. Panel data regression analysis was used to test the hypothesis in this study. A random effect is used to determine the differences in the effect. The result of this study concluded that rupiah exchange rate, inflation and JII and SBIS effect on NAV of sharia mutual funds simultaneously. Partially, an unstable rupiah exchange rate is considered to have an impact on the company's production factors and affect the validity of the stock price; This causes investments no longer be attractive to investors, thereby reducing the value of investments that have an impact on the declining mutual fund NAV. Inflation decreases the real income of people with fixed income will also reduce the value of wealth in the form of money so that people will prefer to invest their money in the form of real assets that will result in reduced investment in the financial and capital markets and lower the NAV value of Islamic Mutual Funds. JII describes the performance of stocks which are one of the portfolios of sharia mutual funds. If the JII index value rises, then the increase in the portfolio of sharia mutual funds that share type will also rise which will have an impact on the increase in the nett asset value of sharia mutual funds. SBIS does not affect the Sharia Mutual Funds NAV. The relationship between SBIS and the Sharia Mutual Fund NAV as well as the relationship between interest rates and stock prices is negative or in the opposite direction. If interest rates rise at an adequate level, investors will try to move their investments from stocks to deposits
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- 2020
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22. PENGARUH TINGKAT SUKU BUNGA FEDERAL RESERVE DAN NILAI TUKAR RUPIAH TERHADAP JAKARTA ISLAMIC INDEX
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Ahmad Fatoni
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Federal Reserve Interest Rate ,Rupiah Exchange Rate ,Jakarta Islamic Index (JII) ,Economic history and conditions ,HC10-1085 ,Islam ,BP1-253 - Abstract
Perkembangan Jakarta Islamic Index (JII) menuju pasar modal syariah menghadapi banyak kendala. Salah satunya adalah praktik spekulasi yang dilakukan oleh investor yang tidak asli (not genuine investor). Faktor eksternal yang dapat dijadikan indikator spekulasi investor adalah tingkat suku bunga dan nilai tukar. Penelitian ini bertujuan untuk mengetahui pengaruh fluktuasi suku bunga federal reserve dan nilai tukar Jakarta Islamic Index. Data yang digunakan adalah data sekunder berupa time series bulanan periode Januari 2007 sampai Juni 2016. Sumber data diperoleh dari Federal Reserve, Bank Indonesia, dan Bursa Efek Indonesia (BEI). Analisis data menggunakan Vector Auto Regression (VAR) dengan teknik Impulse Response. Hasil analisis menunjukkan bahwa fluktuasi Jakarta Islamic Index (JII) dipengaruhi oleh suku bunga federal reserve dan nilai tukar. Hal ini mengindikasikan masih adanya praktik spekulatif yang dilakukan oleh investor. Sebagai solusi untuk mencegah spekulasi adalah dengan menetapkan minimum holding period atau minimum stock holding period.
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- 2021
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23. An Analysis the Rupiah Exchange Rates Effect Against the American Dollar and Inflation Against the Growth of Islamic Banking Mudharabah Deposits in Indonesia
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Muhammad Tho'in and Iin Emy Prastiwi
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mudharabah deposits ,rupiah exchange rate ,inflation ,Economics as a science ,HB71-74 ,Islamic law ,KBP1-4860 ,Economic growth, development, planning ,HD72-88 - Abstract
This study aims to determine the effect of rupiah exchange rate on the US dollar (US dollar) and inflation on Mudharabah deposits of Islamic banking in Indonesia. This research is a descriptive quantitative study with secondary data. This study took samples at Islamic Commercial Banks and Islamic Business Units from January 2013 to December 2017. The analysis technique used was multiple linear regression analysis. Before conducting regression testing, the data were tested by classical assumption test, namely normality test, multicollinearity test, autocorrelation test, and heteroscedasticity test. The results in this study are the first rupiah exchange rate has a significant effect on Mudharabah deposits in a positive direction. This means that if rupiah exchange rate increases the impact on community activities in investing in Mudharabah deposits increases. The second is that iinflation has no significant effect on Mudharabah deposits, but has a relationship with a positive direction. This means that if the inflation increases, the impact on community activities in investing Mudharabah deposits also increases. Third, rupiah exchange rate and inflations are simultaneously affect on the Mudharabah deposits of Islamic banking in the amount of 59.9%. The implication is that the high rupiah exchange rate situation attracts investors to invest in Mudharabah deposits. The increase in the rupiah against the US dollar tends to cause multiplier effect which results in rising prices of commodity goods. High prices of commodity goods cause macro consumption to decrease, too because people tend to be efficient in consumption
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- 2019
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24. Determinants of The Indonesia Composite Index Movement in The Covid-19 Pandemic Era
- Author
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Tumiwa Ramon Arthur Ferry, Rooroh Agnes Ramey, and lasut Stevie Alan
- Subjects
idx composite ,inflation ,interest rate ,rupiah exchange rate ,covid-19 pandemic ,Social Sciences - Abstract
The Indonesia Composite Index, or the composite stock price index (IDX Composite), experienced a sharp decline at the beginning of the Covid-19 pandemic, from 6,323 in January to 3,937 in March 2020. If IDX composite continues to plummet in the long term, the worst impact will hit the performance of issuers or public companies. This study aims to analyze the factors that influence the IDX Composite in the era of the Covid-19 pandemic. This research is a quantitative study using ARCH-GARCH analysis techniques and data testing using the EViews program. The population used in this study was IDX Composite, and the sample was IDX Composite from January to December 2020. The results showed that the rupiah exchange rate partially had a significant negative effect on the IDX Composite. Meanwhile, Bank Indonesia's interest rate has a significant and positive effect on the IDX Composite in the era of the Covid-19 pandemic. Meanwhile, Inflation did not significantly affect the IDX Composite in the era of the Covid-19 pandemic.
- Published
- 2022
- Full Text
- View/download PDF
25. Pengaruh Variabel Makroekonomi Terhadap Jumlah Penerimaan Zakat di Badan Amil Zakat Nasional (Baznas) Pusat Tahun 2012 – 2016
- Author
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Arif Afendi
- Subjects
total collected zakat ,inflation ,rupiah exchange rate ,gold price ,Islam ,BP1-253 ,Banking ,HG1501-3550 - Abstract
Abstract The purpose of this research is to examine the impact of macroeconomic factor includes inflation, rupiah exchange rate and gold price to the total amount of collected zakat in amil zakat nasional agency (Baznas). This research is a quantitative by using secondary data. The data used from Baznas, Bank of Indonesia and Bloomberg from 2012 until 2016. The data were analyzed by using multiple linear regressions. The result of the research shows that the inflation has negative and significant influence. It means, inflation increase caused the price of goods be rise and people reduced to pay zakat so total collected zakat will be less. Rupiah exchange rate has positive and significant influence, it’s mean, dollar increased to rupiah made people who had income in dollars will be rich and they will pay zakat so total collected zakat will be rise. While the gold price has negative influence, it’s mean, the rise in gold priced is usually influenced by increasing of inflation so the price of goods will be rise, to people who has fixed income will use their money to something useful so total collected zakat will be less. Abstrak Tujuan dari penelitian ini adalah untuk menguji dampak faktor makroekonomi termasuk inflasi, nilai tukar rupiah dan harga emas terhadap total jumlah zakat yang dikumpulkan di lembaga amil zakat nasional (Baznas). Penelitian ini bersifat kuantitatif dengan menggunakan data sekunder. Data yang digunakan dari Baznas, Bank Indonesia dan Bloomberg dari tahun 2012 hingga 2016. Data dianalisis dengan menggunakan regresi linier berganda. Hasil penelitian menunjukkan bahwa inflasi memiliki pengaruh negatif dan signifikan. Artinya, kenaikan inflasi menyebabkan harga barang naik dan orang dikurangi untuk membayar zakat sehingga total zakat yang dikumpulkan akan berkurang. Nilai tukar rupiah memiliki pengaruh positif dan signifikan, artinya, dolar meningkat menjadi rupiah membuat orang yang memiliki pendapatan dalam dolar akan menjadi kaya dan mereka akan membayar zakat sehingga jumlah zakat yang dikumpulkan akan meningkat. Sementara harga emas memiliki pengaruh negatif, itu berarti, kenaikan harga emas biasanya dipengaruhi oleh peningkatan inflasi sehingga harga barang akan naik, untuk orang yang memiliki pendapatan tetap akan menggunakan uang mereka untuk sesuatu yang bermanfaat sehingga total zakat yang dikumpulkan akan berkurang
- Published
- 2018
- Full Text
- View/download PDF
26. THE EFFECT OF RUPIAH EXCHANGE RATE AND INFLATION RATE TOWARDS COMPOSITE STOCK PRICE INDEX IN INDONESIA STOCK EXCHANGE
- Author
-
Apituley M.R.
- Subjects
Rupiah exchange rate ,inflation rate ,composite stock price index ,prices ,Agriculture (General) ,S1-972 - Abstract
This study aims to examine the relationship between the rupiah exchange rate and inflation rates on CSPI in Indonesia Stock Exchange. The data used are secondary data of Rupiah exchange rate toward US Dollar and inflation rate data obtained from Bank Indonesia publication through www.bi.go.id website and movement data of CSPI through website www.finance.yahoo.com. Determination of the sample based on monthly time series data period December 2011 - January 2014 by using the method of saturated samples, i.e. as many as 48 samples. The data obtained were analyzed by multiple linear regression approaches. There was a negative influence of inflation rate on CSPI for the period of December 2011 - January 2014 with the regression coefficient of 0.279; the negative value indicates that there is a negative correlation of inflation rate to CSPI. While the relationship between the Rupiah exchange rate To CSPI showed a positive relationship with the regression coefficient of 0.888.
- Published
- 2018
- Full Text
- View/download PDF
27. PENGARUH BI RATE, INFLASI, NILAI TUKAR RUPIAH, DAN SERTIFIKAT BANK INDONESIA SYARIAH (SBIS) TERHADAP INDEKS SAHAM SYARIAH INDONESIA (ISSI)
- Author
-
Erdah Litriani
- Subjects
Indonesia Sharia Shares Index (ISSI) ,BI Rate ,Inflation ,Rupiah Exchange Rate ,Bank Indonesia Sharia Certificate (SBIS) ,Islam ,BP1-253 ,Banking ,HG1501-3550 - Abstract
The capital market (capital market) is a market for various long-term financial instruments that can be traded, one stock. The capital market is a means of financing for companies and other institutions (eg government), and as a means for investment activities. Thus, the capital market facilitates various facilities and infrastructure of buying and selling activities and other related activities. There are several macroeconomic and monetary factors that can influence stock movement such as factor of BI Rate, Inflation, Rupiah Exchange Rate and Bank Indonesia Sharia Certificate (SBIS). The purpose of this research is to test and know the influence of BI Rate, Inflation, Rupiah Exchange Rate and Bank Indonesia Sharia Certificate (SBIS) Against Indonesia Sharia Index Shares Period June 2011 to May 2015. This research is quantitative research using secondary data collection method. This research uses five operational variables, namely BI Rate (X1), Inflation (X2), Rupiah Exchange Rate (X3), Bank Indonesia Sharia Certificate (X4) and Indonesia Sharia Shares Index (ISSI) (Y). The statistical test used in this study is a statistical-analysis model using quantitative analytical techniques, ie multiple linear regression. From the results of multiple linear regression shows that simultaneously the four independent variables significantly positively affect the Indonesian Sharia Stock Index (ISSI) (Y) and partially only the Rupiah Exchange (X3) which positively significant effect on the Temporary Sharia (ISSI) BI Rate (X1), Inflation (X2), and Certificates of Bank Indonesia Syariah (SBIS) (X4) did not show any effect on Indonesia Sharia Sharia Index (ISSI) (Y).
- Published
- 2017
28. Analisis Pengaruh Kurs Rupiah, Laju Inflasi, Jumlah Uang Beredar dan Pertumbuhan Ekspor terhadap Total Pembiayaan Perbankan Syariah dengan Dana Pihak Ketiga sebagai Variabel Moderating
- Author
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Syukuri Ahmad Rifai, Helmi Susanti, and Aisyah Setyaningrum
- Subjects
Rupiah Exchange Rate ,Inflation ,Money Supply ,The Growth of Exports ,Third-Party Fund and Islamic Banking Financing ,Islam ,BP1-253 ,Banking ,HG1501-3550 - Abstract
The purpose of this study was to determine the effect of the rupiah exchange rate, inflation, money supply and the growth of exports to total Islamic banking financing by using third party funds as a moderating variable. The population in this study is all Islamic banking in Indonesia both Islamic Banks or Business Unit of Sharia in 2007-2015. The sample is the entire population with time series data as much as 108 of data. The method used is multiple regression analysis. The results of this study showed that simultaneous variable rupiah exchange rate, inflation, the money supply and export growth significantly influence the total financing of Islamic banking in Indonesia. Meanwhile, third-party funds moderating influences the rupiah exchange rate, inflation and export growth to the total financing of Islamic banking in Indonesia Tujuan dari penelitian ini untuk mengetahui pengaruh kurs rupiah, inflasi, jumlah uang beredar dan pertumbuhan ekspor terhadap total pembiayaan perbankan syariah dengan menggunakan dana pihak ketiga sebagai variabel moderasi. Populasi dalam penelitian ini adalah seluruh perbankan syariah di Indonesia baik Bank Umum Syariah atau pun Unit Usaha Syariah tahun 2007-2015. Sampelnya adalah seluruh populasi dengan data time series sejumlah 108. Metode yang digunakan adalah analisis regresi berganda. Hasil penelitian ini menunjukkan bahwa secara simultan variabel kurs rupiah, inflasi, jumlah uang yang beredar dan pertumbuhan ekspor berpengaruh signifikan terhadap total pembiayaan perbankan syariah di Indonesia. Sedangkan, dana pihak ketiga memoderasi pengaruh kurs rupiah, inflasi dan pertumbuhan ekspor terhadap total pembiayaan perbankan syariah di Indonesia
- Published
- 2017
- Full Text
- View/download PDF
29. PENGARUH KURS RUPIAH, DIVIDEND PER SHARE (DPS) DAN LABA PERUSAHAAN TERHADAP HARGA SAHAM DI PERUSAHAAN PERTAMBANGAN SUB SEKTOR BATU BARA PADA INDEKS SAHAM SYARIAH INDONESIA (ISSI) YANG TERDAFTAR DI BEI PERIODE 2016-2019
- Author
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Fitri, Ainayyah and Andriani, Beid Fitrianova
- Subjects
Stock Price ,Harga Saham ,Dividend Per Share ,Rupiah Exchange Rate ,Laba Perusahaan ,Company Profit ,Kurs Rupiah ,Dividend Per Share (DPS) - Abstract
Penelitian ini mempunyai tujuan memberikan bukti empiris mengenai pengaruh Kurs Rupiah, Dividend Per Share (DPS) dan Laba Perusahaan pada emiten pertambangan sub sektor batu bara dengan indeks saham syariah indoensia (ISSI) dan terdata dengan Bursa Efek Indonesia (BEI) periodenya 2016-2019. Tekniknya penggunaan sampel dengan memakai purposive sampling. Penelitian dengan penelitian kuantitatif dan pakai datanya sekunder. Teknis analisisnya memakai analisis regresi data panel. Hasilnya pada penelitiannya ini memperlihatkan Kurs Rupiah, Dividend Per Share (DPS) dan Laba Perusahaan dengan caranya simultan berpengaruhnya pada Harga Saham. Dividend Per Share (DPS) dan Laba Perusahaan dengan caranya parsial mempengaruhinya Harga Saham. Namun Kurs Rupiah tidak ada berpengaruh pada Harga Saham. Koefisien determinasi pada penelitian ini sebanyak 28%., This study this research aims to provide empirical evidence regarding the effect of the Rupiah Exchange Rate, Dividend Per Share (DPS), and Corporate Profits on issuers of mining sub-sector coal with the Indonesian Sharia Stock Index (ISSI) and recorded with the Indonesia Stock Exchange (IDX) for the period 2016-2019. The technique uses samples using purposive sampling, quantitative research, and secondary technical analysis using panel data regression analysis. This study shows that the Rupiah Exchange Rate, Dividend Per Share (DPS), and Company Profits simultaneously affect the Stock Price. Dividend Per Share (DPS) and Company Profit partially affect the Share Price. However, the Rupiah exchange rate does not affect the stock price. The coefficient of determination in this study was 28%. ABSTRAK Dalam penelitiannya ini mempunyai tujuan memberikan bukti empiris mengenai pengaruh Kurs Rupiah, Dividend Per Share (DPS) dan Laba Perusahaan pada emiten pertambangan sub sektor batu bara dengan indeks saham syariah indoensia (ISSI) dan terdata dengan Bursa Efek Indonesia (BEI) periodenya 2016-2019. Tekniknya penggunaan sampel dengan memakai purposive sampling. Penelitian dengan penelitian kuantitatif dan pakai datanya sekunder. Teknis analisisnya memakai analisis regresi data panel. Hasilnya pada penelitiannya ini memperlihatkan Kurs Rupiah, Dividend Per Share (DPS) dan Laba Perusahaan dengan caranya simultan berpengaruhnya pada Harga Saham. Dividend Per Share (DPS) dan Laba Perusahaan dengan caranya parsial mempengaruhinya Harga Saham. Namun Kurs Rupiah tidak ada berpengaruh pada Harga Saham. Koefisien determinasi pada penelitian ini sebanyak 28%.
- Published
- 2023
30. The Effect of Inflation, Indonesian Interest Rate and the Rupiah Exchange Rate on the Movement of the Indonesia Stock Exchange
- Author
-
Hendy Budianto
- Subjects
Social sciences (General) ,H1-99 ,inflation ,indonesian interest rate ,rupiah exchange rate ,idx - Abstract
This study aims to determine the effect of inflation, Indonesian interest rates, and the rupiah exchange rate simultaneously and partially on the movement of the Composite Stock Price Index on the Indonesia Stock Exchange (IDX). The theory and previous research that revealed that the IDX movement was influenced by several factors such as the global stock exchange index, the trend of foreign oil price movements, the trend of foreign gold prices, the exchange rate of the country's currency against other countries, interest rates and inflation that was happening in the country. country. In this study, the composite stock price index used is from January 1, 2016 to December 31, 2020. This study uses a causal form and quantitative data. In analyzing the data, the researcher used multiple regression analysis. The error rate used is 5 percent. The researcher also tested the classical assumptions before doing the regression analysis. All data analysis was performed using SPSS version 21 program. From the results of the analysis that has been carried out, it can be concluded that 1) The inflation rate, the Indonesian interest rate and the rupiah exchange rate simultaneously have a significant influence on the movement on the IDX as seen from the calculation significance value of 0.000 which is less than the research significance of 0.05 . 2) Partially, inflation has a significant effect on the IDX based on the calculation significance value of 0.021 which is smaller than the research significance value of 0.05. 3) Partially, the Indonesian interest rate has a significant influence on the movement of the IDX as seen from the calculation significance value of 0.018 which is smaller than the research significance value of 0.05. 4) Partially the rupiah exchange rate has a significant influence on the movement of the IDX with the results of the calculation of the significance value of 0.036 which is less than the significance value of 0.05. 5) The coefficient of determination (Adjusted R2) is 0.405, which means that 40.5 percent of the IDX can be explained by the three independent variables, namely the inflation rate, the Indonesian interest rate and the rupiah exchange rate simultaneously and the rest is explained by other factors outside the research variables.
- Published
- 2022
31. Harga Saham Ditinjau dari Perspektif Inflasi dan Nilai Tukar Rupiah pada Indeks Saham Syariah Indonesia (ISSI) Sektor Industri Barang Konsumsi Tahun 2014--2018
- Author
-
Rohaeni, Nani and Pamila, Rini Fitriani
- Subjects
Stock Prices ,Rupiah Exchange Rate ,Inflation - Abstract
Stock prices are a very important factor and must be considered by investors in making investments because stock prices show the issuer's performance. The ups and downs of stock prices are affected by internal and external factors. The purpose of this study is to determine and examine the Influence of Inflation and Rupiah Exchange Rate on Stock Prices partially and simultaneously in the Consumer Goods Industry Sector in the Indonesian Sharia Stock Index (ISSI) period 2014-2018. This study used a quantitative approach. The population in this study were 29 companies registered in ISSI for the 2014-2018 period. The sample used is 7 out of 29 companies with the sampling technique that is purposive sampling. The results in this study indicated that the effect of inflation on stock prices produces a t-count (minus) greater than t table (minus) (-1,916> -2,037). While the effect of the Rupiah Exchange Rate on stock prices produces a t-value greater than t table (6,594> 2,037) and F (simultaneous) test results are obtained that Inflation and the Rupiah Exchange Rate on Stock Prices with a F value greater than F table (93.633> 3.29). Conclusions in this study indicated that partially Inflation does not have a significant effect on Stock Prices, while the Rupiah Exchange Rate has a significant effect on Stock Prices and simultaneously Inflation and Rupiah Exchange Rate have a influence significant on Stock Prices.
- Published
- 2022
- Full Text
- View/download PDF
32. Changes in Macroeconomic conditions and capital Return in Indonesia
- Author
-
Adam Mohamad, Feunsri Suhel, and Andesta Selvi
- Subjects
stock return ,050208 finance ,rupiah exchange rate ,and change in interest rates ,05 social sciences ,General Medicine ,Monetary economics ,change in foreign exchange reserves ,change in amount of money supply ,change in bank indonesia sharia certificate ,Economics as a science ,Capital (economics) ,0502 economics and business ,Economics ,050207 economics ,inflation change ,HB71-74 - Abstract
This study is focused on looking at conditions of macroeconomic changes that have an impact on the activity of the Islamic capital market, particularly on the return of Islamic stocks listed in the Jakarta Islamic Index. This empirical evidence is related to variable macroeconomic changes, namely changes in inflation, rupiah exchange rate, money supply, foreign exchange reserves, Indonesian Syariah Bank Certificates (SBIS) and interest rates on sharia stock returns for the period January 2014-December 2019 obtained from Financial publications. Service Authority (OJK) and Bank Indonesia. The analysis technique used is quantitative analysis using multiple regression analysis tools. Purpose. This study aims to examine the influence of changes in inflation, changes in the rupiah exchange rate, changes in the money supply, changes in SBIS, changes in foreign exchange reserves and changes in interest rates on the return of Indonesian Islamic stocks. Results. The results of this study are (1) Variable Changes in Inflation, Changes in the Amount of Money Supply, Changes in Foreign Exchange Reserves, Changes in SBIS have a positive and significant effect on Stock Returns listed on the Jakarta Islamic Index, (2) changes in exchange rates have a negative and significant effect on Stock Returns listed in Jakarta Islamic. Index, (3) the Interest Rate variable has no effect on Stock Returns listed on the Jakarta Islamic Index. Conclusion. The approach used by each variable starts with the conventional followed by the study of Islamic macroeconomics, in order to provide a philosophy of science and economics that refers to Baqir Sadr in the Iqtishaduna book. In this study, researchers examined macroeconomic variables on sharia stock returns to prioritize people’s welfare and pay close attention to every investment process based on sharia principles. Therefore the public, entrepreneurs, investors and company performance must pay attention to information regarding changes in inflation, changes in the rupiah exchange rate, changes in the money supply, changes in Bank Indonesia Sharia Certificates (SBIS), changes foreign exchange reserves, and changes in interest rates in order to minimize risks for both investors and entrepreneurs. This variable can affect the movement of the capital market so that the return on Islamic stocks also has an effect. Keywords: Stock Return; Inflation Change; Rupiah Exchange Rate; Change in Amount of Money Supply; Change in Bank Indonesia Sharia Certificate; Change in Foreign Exchange Reserves; and Change in Interest Rates.
- Published
- 2020
- Full Text
- View/download PDF
33. THE EFFECT OF RUPIAH EXCHANGE RATE AND INFLATION RATE TOWARDS COMPOSITE STOCK PRICE INDEX IN INDONESIA STOCK EXCHANGE
- Author
-
M.R. Apituley
- Subjects
composite stock price index ,05 social sciences ,General Medicine ,Monetary economics ,lcsh:S1-972 ,0506 political science ,Exchange rate ,inflation rate ,Stock exchange ,Inflation rate ,0502 economics and business ,050602 political science & public administration ,Economics ,Stock price index ,Rupiah exchange rate ,lcsh:Agriculture (General) ,050207 economics ,prices - Abstract
This study aims to examine the relationship between the rupiah exchange rate and inflation rates on CSPI in Indonesia Stock Exchange. The data used are secondary data of Rupiah exchange rate toward US Dollar and inflation rate data obtained from Bank Indonesia publication through www.bi.go.id website and movement data of CSPI through website www.finance.yahoo.com. Determination of the sample based on monthly time series data period December 2011 - January 2014 by using the method of saturated samples, i.e. as many as 48 samples. The data obtained were analyzed by multiple linear regression approaches. There was a negative influence of inflation rate on CSPI for the period of December 2011 - January 2014 with the regression coefficient of 0.279; the negative value indicates that there is a negative correlation of inflation rate to CSPI. While the relationship between the Rupiah exchange rate To CSPI showed a positive relationship with the regression coefficient of 0.888.
- Published
- 2018
- Full Text
- View/download PDF
34. Hybrid Extreme Learning Machine dan Firefly Algorithm untuk Meramalkan Nilai Tukar Rupiah terhadap Dolar
- Author
-
A. Damayanti, Edi Winarko, and Ilham Ramadhani
- Subjects
rupiah exchange rate ,Computer science ,firefly algorithm ,forecasting ,General Medicine ,extreme learning machine ,Exchange rate ,Currency ,Value (economics) ,Econometrics ,Firefly algorithm ,Medium of exchange ,Foreign exchange market ,Extreme learning machine ,Test data - Abstract
Every country has a currency as a medium of exchange and the movement of its exchange rate can affect the economy of the country. In Indonesia, since the freely floating exchange rates system has been applied in August 1997, the value of rupiah currency in the foreign exchange market can change at any time. Considering the massive impacts of exchange rate fluctuation on the economy, then forecasting the exchange rate of rupiah against the US dollar is important to help Indonesia’s economic growth. The aims of this thesis is to predict the estimated exchange rate of rupiah against the US dollar in the future by using hybrid artificial neural network extreme learning machine (ELM) method and firefly algorithm (FA). In the training process, ELM-FA hybrid has a role to obtain the best weight and bias. The weight and bias that obtained will be used for forecasting and to know the success rate of the training process, the validation test process is required. Based on the implementation of program and simulation for some parameter values on the exchange rate data from Jan 2015 until Jan 2018, with four input and hidden nodes, and one output node, obtained the smallest MSE of the training is 0.000480513 with MSE of the testing is 0.0000854107. The relatively small MSE value indicates that ELM-FA network is able to recognize the data pattern well and able to predict the test data well.
- Published
- 2021
- Full Text
- View/download PDF
35. Pengaruh Inflasi, Nilai Tukar Rupiah, BI Rate Terhadap Net Asset Value Reksa Dana Saham Syariah
- Author
-
Ainur Rachman and Imron Mawardi
- Subjects
rupiah exchange rate ,net asset value ,BI rate ,sharia equity fund ,inflation - Abstract
This research aims to examine the influence of inflation, Rupiah exchange rate, and BI rate towards Net Asset Value (NAV) Sharia Equity Fund from January 2011 through December 2014. This research used the quantitative approach method. The analysis techniques used is multiple linear regression and the equation is Y = 12,081-1,755(I)-0,131(RER)-84,492(BI rate).Based on the result of t-test, the rupiah exchange rate has a significant influence by the value -3,017. Inflation and BI rate partially has not significant influence to Net Asset Value (NAV) Sharia Equity Fund with result t -0,144 for Inflation and -1,431 for BI rate. The result of simultaneous test showed that inflation, rupiah exchange rate, and BI rate has significant effect to Net Asset Value (NAV) Sharia Equity Fund with significance value 0,004. Thesuggestions was investment manager is to keep attention to macro economic factors such as inflation, rupiah exchange rate, and BI rate. In order to invest in sharia equity fund can contribute a maximum profit.
- Published
- 2015
36. Analisis Pengaruh Kurs Rupiah, Laju Inflasi, Jumlah Uang Beredar dan Pertumbuhan Ekspor terhadap Total Pembiayaan Perbankan Syariah dengan Dana Pihak Ketiga sebagai Variabel Moderating
- Author
-
Helmi Susanti, Aisyah Setyaningrum, and Syukuri Ahmad Rifai
- Subjects
lcsh:HG1501-3550 ,lcsh:Islam ,Third-Party Fund and Islamic Banking Financing ,Money supply ,lcsh:Banking ,Financial system ,Rupiah Exchange Rate ,Business ,The Growth of Exports ,lcsh:BP1-253 ,Inflation ,Money Supply - Abstract
The purpose of this study was to determine the effect of the rupiah exchange rate, inflation, money supply and the growth of exports to total Islamic banking financing by using third party funds as a moderating variable. The population in this study is all Islamic banking in Indonesia both Islamic Banks or Business Unit of Sharia in 2007-2015. The sample is the entire population with time series data as much as 108 of data. The method used is multiple regression analysis. The results of this study showed that simultaneous variable rupiah exchange rate, inflation, the money supply and export growth significantly influence the total financing of Islamic banking in Indonesia. Meanwhile, third-party funds moderating influences the rupiah exchange rate, inflation and export growth to the total financing of Islamic banking in IndonesiaTujuan dari penelitian ini untuk mengetahui pengaruh kurs rupiah, inflasi, jumlah uang beredar dan pertumbuhan ekspor terhadap total pembiayaan perbankan syariah dengan menggunakan dana pihak ketiga sebagai variabel moderasi. Populasi dalam penelitian ini adalah seluruh perbankan syariah di Indonesia baik Bank Umum Syariah atau pun Unit Usaha Syariah tahun 2007-2015. Sampelnya adalah seluruh populasi dengan data time series sejumlah 108. Metode yang digunakan adalah analisis regresi berganda. Hasil penelitian ini menunjukkan bahwa secara simultan variabel kurs rupiah, inflasi, jumlah uang yang beredar dan pertumbuhan ekspor berpengaruh signifikan terhadap total pembiayaan perbankan syariah di Indonesia. Sedangkan, dana pihak ketiga memoderasi pengaruh kurs rupiah, inflasi dan pertumbuhan ekspor terhadap total pembiayaan perbankan syariah di Indonesia
- Published
- 2017
- Full Text
- View/download PDF
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