Macroeconomic effect on stock price: Evidence from Indonesia

Luwihono, Andung; Suherman, Benny; Sembiring, Darmawanta; Rasyid, Syahrir; Kalbuana, Nawang; Saputro, Riyanto; Prasetyo, Budi; Taryana, Taryana; Suprihartini, Yayuk; Asih, Pribadi; Mahfud, Zainal; Rusdiyanto, Rusdiyanto

doi:10.5267/j.ac.2021.2.019

Cited by 22 publications

(14 citation statements)

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“…Researchers [2], state a significant negative impact on the financial stability and growth of the value of the company of the index of consumer prices and public debt, negatively affect the growth of the capital stock of the enterprise. Luvihono et al [6], find in the study a strong correlation between the value of company shares and the dynamics of the exchange rate of the national currency to the U.S.…”

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confidence: 88%

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The Impact of Socio-Economic Volatility on Business Value Growth in Ukraine

Zakharkina

Novikov

2021

Meh. regul. ekon.

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Today, financial markets are undergoing transformation and change under the influence of economic turbulence, accelerating technological development and globalization. There is a demand for entrepreneurship, which aims to maximize market value, innovation and social development. However, the relative importance of various factors that determine the general state of the business and the possibility of its growth is not yet clear. In general, this study emphasizes the need to study the impact of macro- and microeconomic indicators of the environment on business profitability in dynamics. To assess the impact of macroeconomic indicators on the profitability of small, medium and large businesses, based on the analysis of literature sources formed research hypotheses, which were tested by correlation and regression analysis. The research method used is based on the condition where the value of p <0.05 is significant. Among the independent indicators, the initial data were selected unemployment rate, inflation index, capital investment in enterprises and sales. The value of net profit among small, medium and large enterprises during 2010−2020 was chosen as a dependent variable. The regression coefficient R = 0.8883 indicates a high density of the relationship between net profit of enterprises and independent factors. Given the results obtained, it can be seen that the inflation rate was statistically significant for the model (p = 0.0249). The level of net profit and the overall level of business stability is growing due to the slowdown in inflation. This new understanding should help to improve forecasts of the impact of macroeconomic factors on business development, as well as the ability to anticipate further actions of owners and shareholders of such enterprises in a market instability. For further research, indicators of social and intellectual capital can be used as factors in increasing the value of business.

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confidence: 88%

“…Regarding the causes of market turbulence and increased riskiness of trading operations by business entities authors [6], believe that unemployment and inflation rates, sharp fluctuations of which disturb economic stability and negatively affect business value growth.…”

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confidence: 99%

The Impact of Socio-Economic Volatility on Business Value Growth in Ukraine

Zakharkina

Novikov

2021

Meh. regul. ekon.

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“…This is because inflation is only one digit, so changes in inflation do not have a significant impact on ISSI's decisions. According to Luwihono et al (2021), Rising inflation reduces the real income of people with fixed income.…”

Section: The Relationship Between Inflation and Issimentioning

confidence: 99%

The Influence and Contribution of Macroeconomics to The Indonesian Sharia Stock Index for The Period 2011-2021

Mulyadi

Wibowo²

2023

JISEL

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This study aims to determine the impact of macroeconomic variables on the Indonesian Sharia Stock Index (ISSI). The macroeconomic variables used are Industrial Production Index (IPI), Indonesian Sharia Bank Certificate (SBIS), Money Supply (JUB), exchange rates, Interest Rates (TSB), and inflation. The observed data is in the form of monthly data for the period 2011 to 2021. The approach used is to test the impact and contribution of VECM. The test results with the VECM model found that in the short term all variables had no effect on the Indonesian Sharia Stock Index, whereas, in the long term, IPI, SBIS, and inflation had a negative effect, and JUB, exchange rate, and TSB had a positive effect, based on the IRF test showed that ISSI responding to fluctuations from all positive macroeconomic variables except inflation which responded negatively and the contribution of each macroeconomic variable was IPI (0.64), SBIS (2.01), JUB (0.45), the exchange rate (0.64), TSB (0.01), and inflation (1.16) against the Indonesian Sharia Stock Index.

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“…Dampak pandemik Covid-19 (Indrawati, Utari, Prasetyo, Rusdiyanto, & Kalbuana, 2021;Praptiningsih et al, 2021;Simbolon, Kalbuana, Asih, Solihin, & Kurniawati, 2021) khususnya di wilayah Jakarta Barat masih terasa dalam mempengaruhi perekonomian masyarakat. Beberapa penelitian (Abadi et al, 2021;Aliyyah et al, 2021;Endarto et al, 2021;N Kalbuana, Suryati, et al, 2021;Luwihono et al, 2021;Prasetio et al, 2021;I. Prasetyo, Aliyyah, Rusdiyanto, Nartasari, et al, 2021;I.…”

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Edukasi Pengelolaan Keuangan Bagi Pengurus E- Warong Kube Jasa Di Wilayah DKI Jakarta Barat

et al. 2022

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Dampak pandemik Covid-19 khususnya di wilayah Jakarta Barat masih terasa dalam mempengaruhi perekonomian masyarakat. Dampak dari lockdown sepanjang tahun 2021 sangat mempengaruhi kenaikan harga kebutuhan pokok, masalah ketahanan pangan, kurangnya permodalan bagi UMKM, rendahnya minat investasi dan peningkatan tenaga kerja tanpa diimbangi kesempatan kerja yang memadai serta kecukupan tingkat pendidikan dan ketrampilan tenaga kerja dan lain-lain. Sebagai salah satu upaya dan alternatif yang dilakukan oleh Pemerintah Republik Indonesia melalui Kementerian Sosial Republik Indonesia adalah dengan mendirikan E-Warong KUBE (Kelompok Usaha Bersama) Jasa yang bertujuan untuk meningkatkan kesejahteraan keluarga penerima manfaat Bantuan Sosial. Kegiatan pengabdian kepada masyarakat ini merupakan hasil kerjasama antara Universitas Pramita Indonesia dengan Layanan UMKM Naik Kelas (LUNAS) dan LPH Quality Syariah Jakarta sebagai mitra dari Dinas Sosial Pemerintah Provinsi Daerah Khusus Ibukota Jakarta Pusat. Kegiatan ini dilaksanakan di Ruang Soewiryo I Blok B Lantai 16, Kantor Walikota Jakarta Barat yang dihadiri 62 peserta pelatihan dari para Pengurus E- Warong Kube Jasa yang tersebar diseluruh wilayah Jakarta Barat. Setelah pelaksanaan kegiatan Pelatihan Edukasi Perilaku Finansial Bagi Pengurus E- Warong KUBE Jasa yang telah berlangsung, materi pengelolaan keuangan mampu meningkatkan kemampuan peserta pelatihan dalam pengelolaan keuangan serta mampu meningkatkan komitmen dalam mengelola keuangan yang lebih baik sehingga diharapkan dapat meningkatkan peranan dan kebermanfataan adanya E-Warong KUBE Jasa di lingkungan masyarakat khususnya di wilayah Jakarta Barat.

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Macroeconomic effect on stock price: Evidence from Indonesia

Cited by 22 publications

References 1 publication

The Impact of Socio-Economic Volatility on Business Value Growth in Ukraine

The Impact of Socio-Economic Volatility on Business Value Growth in Ukraine

The Influence and Contribution of Macroeconomics to The Indonesian Sharia Stock Index for The Period 2011-2021

Edukasi Pengelolaan Keuangan Bagi Pengurus E- Warong Kube Jasa Di Wilayah DKI Jakarta Barat

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