Analysis of the Impact of Oil Prices, Money Supply, Inflation, Interest Rates and Exchange Rate Against Stock Trading Volume on the Indonesia Stock Exchange (original) (raw)
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2017
This research includes explanatory research that is discussing Analysis of Total Money Supply Impact, Stock Trading Volume, Inflation, Interest Rate and Rupiah Exchange Rate of Change of JCI (Composite Stock Price Index) in Indonesia Stock Exchange.Population in this research all companies go public in BEI, monthly data taken by time series during period of July 2005 until December 2015, All population taken as sample or called saturated sample. The analysis used to test the hypothesis in this study is Multiple correlations.The results prove the amount of money supply and trading volume have a significant positive impact on changes in JCI. Inflation has no impact on JCI changes. Interest rates have a significant positive impact on JCI changes. While the exchange rate has a significant negative impact on JCI changes.
International Journal of Business, Management & Economics Research, 2020
This study examines the effect of inflation, interest rates and exchange rates on stocks in basic industrial sector and chemical manufacturing companies on the Indonesia Stock Exchange (BEI). The study period is 2013 to 2017. An ordinary least square (OLS) is employed. The results show that (1) There is a significant effect of inflation, interest rates and exchange rates on stocks. together with the Basic Industry and Chemical Sector Manufacturing companies on the Indonesia Stock Exchange (IDX); (2) There is a significant influence of inflation on shares in manufacturing companies in the Basic Industry and Chemical Sector on the Indonesia Stock Exchange (BEI); (3) There is no significant effect of interest rates on stocks in basic industrial sector and chemical manufacturing companies on the Indonesia Stock Exchange (BEI); (4) There is no significant effect of Exchange Rates on Shares in Basic Industry and Chemical Manufacturing companies on the Indonesia Stock Exchange (IDX).
DETERMINANTS FACTORS OF STOCK PRICE IN OIL AND GAS SECTOR (INDONESIA STOCK EXCHANGE 2011-2016)
Eurasian Journal of Business and Management, 2019
The purpose of this study is to examine the factors that affect the stock prices of oil and gas sub-sector companies (oil and gas). These factors are Oil Price, Debt to Equity Ratio (DER), and Exchange Rate. The research design used is comparative causal research. Sampling in this research is done by using purposive sampling method technique. The analysis technique used is panel data regression analysis. The result of the study by using f-statistic test shows that the variable of Oil Price, DER and Exchange Rate simultaneously have a significant effect on Stock Price. While the result of the t-statistic test shows that the variable of Oil Price has a significant positive impact, while DER and Exchange Rate have a significant negative effect to a stock price of oil and gas listed in Indonesia Stock Exchange period 2011-2016.
2018
This research aims to reconstruct and to analyze the direct and indirect effect of money supply, oil price toward IDX Composite and composite trade volume in Indonesia Stock Exchange. This study is explorative or associative research with hypothesis testing. It is conducted in Indonesia Stock Exchange of Statistic Center using its secondary data. The population research is money supply, oil price, and IDX Composite and composite trading volume. The sample used is monthly data taken in serial time during July 2005 to December 2015. This research analysis uses Path Analysis method. The Path Analysis result shows that the money supply and oil price have direct and significant effect toward IDX Composite while the money supply, oil price and IDX Composite have direct and significant effect toward composite trading volume. The next result shows that the IDX Composite significantly mediates the indirect effect of the money supply and oil price toward the composite trade volume.
The Analysis Effect Of Commodities Crude Oil and Coal In Indonesia Stock Exchange
Performance, 2019
Crude oil is a commodity and major world needs today. Since the historic collapse of Lehman Brothers helped precipitate the global economic crisis in the spring of 2008, a strong positive correlation between the price of crude oil continues to appear and the global stock markets, including the stock exchanges in Indonesia. This happens due to capital market investors assume that rising energy prices are a sign of the increasing global demand objective of this study was to determine the effect of crude oil prices and the price of coal on JCI in the Stock Exchange in the period 2012 -2017. This study will use a time series data analysis tool Vector Autoregression approach. VAR model approach is considered more suitable for detecting a mutual relationship or a dynamic two-way causality between variables in world crude oil prices, the price of gold and the price of coal on the stock price index of the mining sector in the system of equations
This study is pursued with the objective of examining the effect of changes in crude oil price on the share prices of public listed companies on Bursa Malaysia and the Jakarta Stock Exchange as proxied by the Kuala Lumpur Composite Index (KLCI) and Jakarta Composite Index (JCI), respectively. The study employs the Engle-Granger Cointegration test and Error Correction Modelling (ECM). Using time series data from January 1986 through December 2006, this study finds a significant long-term relationship between the movement of crude oil price and the performance of the two stock markets. The two observed variables in both stock markets are also found to be positively correlated. The test results from Impulse Response Function and Variance Decomposition show the presence of a dynamic interaction between the movement in crude oil prices and the two stock market indices.
2018
Capital market is one of today's economic instruments that has developed very rapidly. One way to measure the performance of capital market is through stock index. There are many affecting factors to the stock index, such as domestic interest rates, foreign exchange rates, international economic conditions, the country's economic cycle, inflation rates, tax regulations, the amount of money in circulation (M. Samsul, 2008). The purpose of this study is to analyze the effect of Oil Prices, World Gold Prices, Exchange Rate of Indonesian Rupiah, and Dow Jones on IHSG (Indonesia Stock Exchange). We used analytical method with multiple regression analysis performed with SPSS 24 to conduct the study. In advance to applying multiple regression analysis, we administered a classic assumption test. This is necessary to make the regression equation is BLUE (Best, Linear, Unbiased, Estimator). Results of data analysis showed that Gold Price and Indonesia Rupiah Exchange rate negatively a...
Determinants of the Composite Stock Price Index (IHSG) on the Indonesia Stock Exchange
2021
The stock market is one of the essential components of Indonesia's economy. As the market's improvement is quite acceptable nowadays, some macro variables affect stock price volatility. Therefore, research on the determinant of the Indonesian composite index is required. This study aims to determine the effect of world oil prices and macroeconomic variables on the Composite Stock Price Index. The variables used in this study are inflation, exchange rates, interest rates, and world oil prices. This study uses secondary data and time series from January 2015 to December 2019 to obtain 60 monthly data. The method used to examine the data is the Partial Adjustment Model (PAM) method using Eviews 7 and performs assumption tests. Based on the analysis that has been carried out, the study results found that the inflation and exchange rate variables have a negative and significant effect on the Indonesian Composite Stock Price Index. The interest rate and world oil price variables p...
Journal of Islamic Accounting and Finance Research, 2020
Purpose - The purpose of this study was to analyze what influences the change in the ISSI price index. The analysis was based on the phenomena and hypotheses that occur in the capital market by examining whether there is an influence of inflation rates, interest rates, and the Dow Jones Islamic Malaysia Index as external factors, as well as profitability such as Return on Assets and Earning per Share as internal factors that have an influence on changes and fluctuations in the Sharia Stock Index.Method - The population in this study are all stocks that are encoded in the Indonesia Sharia Stock Index (ISSI) listed on the Indonesia Stock Exchange. Based on the Sharia Stock Exchange and the number of shares indexed by ISSI was 408 shares which shares were classified into 11 types of business. The study was conducted by analyzing multiple regression with t-test, significance test, F test, and classical assumption test.Result - Based on the research results of bank interest rates and the...
Scholars Bulletin, 2022
This study's purpose is to analyze the impact of world oil prices, world gold prices, inflation, and USD/IDR exchange rates on the Composite Stock Price Index (IHSG) on the Indonesia Stock Exchange (IDX). Secondary data was obtained from the London Financial Market Association (LBMA), Bank Indonesia, and investing.com. The variables used in this study are world oil prices, world gold prices, USD/IDR exchange rates, and inflation as independent variables—also, the Composite Stock Price Index (CSPI) as the dependent variable. This study was conducted using secondary data per month in 2015-2019, non-participant observation with a saturated sampling method of 60 months. The analysis used in this research is Least Square and Autoregressive Moving Average (LS&ARMA) regression analysis. Simultaneous research results show that world oil prices, gold prices, USD/IDR exchange rates, and inflation significantly affect the Composite Stock Price Index (JCI). The study results partially show ...