PENGARUH NILAI TUKAR DAN HARGA MINYAK MENTAH DUNIA TERHADAP RETURN SAHAM PT. INDOMOBIL SUKSES INTERNASIONAL TBK. DAN PT. ASTRA INTERNASIONAL TBK. TAHUN 2006-2016

Arif Fadlilah, Sri Hermuningsih

Sari


This research is meant to find out the influence of exchange rates and crude oil price either simultaneous or partial to the stock return at PT. Indomobil Sukses Internasional Tbk. and PT Astra Internasional Tbk. The data which is applied in this research is the automotive companies’ stock prices, Rupiah exchange rates, and crude oil price from 2006 to 2016. The multiple linear regressions are applied as the analysis technique by carrying out F test and t test. Based on the F test it is found that simultaneously the rupiah exchange rates and crude oil prices have influence to the stock return. Based on the t test it is found that partially the rupiah exchange rates have no influence to PT. Indomobil Sukses Internasional Tbk stock return but have influence to PT. Astra Internasional Tbk stock return and crude oils prices have influence to stock return. t test indicates the dominant influence to the stock return PT. Indomobil Sukses International Tbk is crude oils variable and stock return PT. Astra International Tbk is exchange rates variable

Teks Lengkap:

PDF

Referensi


Anam, Muhammad Khoirul. 2013. Analisis pengaruh Variabel Makroekonomi terhadap Return Shama Syariah Tahun 2011. Yogyakarta:Universitas Negeri Sunan Kalijaga. [skripsi]

Blanchard, Oliver and David R. Johnson. 2013. Macroeconomics Six Edition. United States of America: Pearson Education, Inc.

Fahmi, Irham. 2015. Pengantar Teori Portofolio dan Analisis Investasi. Jakarta: Alfabeta Bandung.

Feirdani, Rizqi Widi. 2008. Analisis Pengaruh Variabel Makroekonomi Terhadap Return Saham Syariah dan Non Syariah. Jakarta: UIN Syarifhidayatullah. [skripsi]Halim, Livia. 2013. Pengaruh Makro Ekonomi Terhadap Return Saham Kapitalisasi Besar di

Bursa Efek Indonesia. Surabaya: Universitas Kristen Petra. [vinesta vol. 1, No. 2, (2013) 108-113.

Hartono, Jogiyanto.2016. Teori Portofolio dan Analisis Investasi Edisi Kesepuluh. Yogyakarta: BPFE- Yogyakarta

Hermuningsih, Sri. 2012. Pengantar Pasar Modal Indonesia. Yogyakarta: UPP STIM YKPN.

Hidayat, Mohammad Tri. 2015. Pengaruh Faktor Fundamental dan Makroekonomi Terhadap Return Saham Perusahaan Property Yang Terdaftar di BEI Periode Sebelum, Selama, dan SEtelah Krisis Keuangan Global 2008. Yogyakarta : Universitas Gajah Mada [tesis].

Joo, Young C, and Sung Y. Park. 2016. Oil prices and stock markets: Does the effect of uncertainty change over time. Energy Economics Journal.

Kusumadewi, Diah Andoina. 2015. Pengaruh Kinerja Keuangan dan Faktor Makroekonomi Terhadap Return Saham Sektor Property dan Real Estate. Yogyakarta; Universitas Gajah Mada [tesis].

Nachrowi, Jalal Nachrowi, dan Hardius Usman. 2006. Pendekatan popular dan Praktis Ekonometrika Untuk Analisis Ekonomi dan Keuangan. Jakarta: Lembaga Penerbit fakultas Ekonomi Universitas Indonesia.

Oskooee, Mohsen Bahmani, and Sujata Saha. 2016. Do exchange rate changes have symmetric or asymmetric effects on stock prices?. Global Finance Jurnal.

Raza, Naveed, Syed Jawad Hussain Shahzad, Aviral Kumar Tiwari, Muhammad Shahbaz. 2016. Asymmetric impact of gold, oil prices and their volatilities on stock prices of emerging markets. journal homepage: www.elsevier.com.

Samsul, M. 2006. Pasar Modal dan Manajemen Portofolio. Jakarta: Erlangga.

Setiady, Irvansyah. 2016. Analisis Pengaruh Faktor Makroekonomi dan Outstanding Penyaluran KPR Terhadap Return Harga Saham Sektor Properti. Yogyakarta:Universitas Gajah Mada [tesis].

Sitinjak, E., Maretha, L., dan Kurniasari, W. 2003. Indikator-Indikator Pasar Saham Dan Pasar Uang yang Saling Berkaitan Ditinjau Dari Pasar Saham Sedang Bullish dan Bearish. Jurnal Riset Ekonomi dan Manajemen, vol.3 no.3.

Tandelilin, Eduardus. 2010. Portofolio dan Investasi Teori dan Aplikasi. Yogyakarta: Kanisius.




DOI: http://dx.doi.org/10.29231/md.v1i2.1680

DOI (PDF): http://dx.doi.org/10.29231/md.v1i2.1680.g833

Refbacks

  • Saat ini tidak ada refbacks.


 Indexed by:
"

ISSN: 2579-4590 (Print)
ISSN: 2579-4612 (Online)
Flag Counter

Creative Commons License
This work is licensed under a Creative Commons Attribution-NonCommercial-ShareAlike 4.0 International License.