Pengaruh Faktor Ekonomi Makro Terhadap Stock Return Pada Indeks Saham LQ45

Candy, Candy; Winardy, Anton

doi:10.36778/jesya.v2i1.35

Cited by 10 publications

(19 citation statements)

References 10 publications

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“…These results follow the results of research conducted by (Asmara, 2018), (Ahmad & Ramzan, 2016), (Andyani, K. W., & Mustanda, 2018), (Candy, & Winardy, 2019), (Chandrashekar, R., Sakthivel, P., Sampath, T., & Chittedi, 2018), (Eldomiaty et al, 2019), (Hidayat, L. R., & Azis, 2017), (Ilmi, 2017), (Innocent et al, 2018), (Jamaludin et al, 2017), (Ismail et al, 2016), (Khan, 2019), (Nkoro & Uko, 2016), (Sari, 2019) and Restiawan dan Asytuti (2020) state that inflation has a negative effect to stock returns. states that inflation harms stock returns.…”

Section: C) Relationship Of Gross Domestic Product With Lq45 Indexsupporting

confidence: 90%

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Analysis of The Influence of Exchange, Inflation, Gross Domestic Product, Interest Rate, and The Amount of Money Circulation On The LQ45 Index In The Indonesia Stock Exchange Between 2016-2020

Nurmansyah

Thamrin

2022

JSA

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The objective of this research was to analyze the short and the long-run relationship between five macroeconomics variables such as exchange rate, inflation, Gross Domestic Product (GDP), SBI rate, and money supply to examine their influence on the LQ45 stock price index. The data sample used in this study is monthly time series data from January 2016 to December 2020. This study used Vector Error Correction Model to analyze the problem. The result shows that in the short run (1 month ago), exchange rate, inflation, Gross Domestic Product (GDP), SBI rate, and money supply do not influence the LQ45 stock price index. In the long run, the exchange rate has positive inflation, SBI rate, and money supply negatively influence the LQ45 stock price index. Therefore, Gross Domestic Product (GDP) does not influence the LQ45 stock price index. The results of the Impulse Response Function and Variance Decomposition, SBI rate, is a variable that provides the most significant contribution to the LQ45 stock price index

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Section: C) Relationship Of Gross Domestic Product With Lq45 Indexsupporting

confidence: 90%

“…For the interest rate variable, (Candy, & Winardy, 2019) states that interest rates positively affect stock returns. Different results were obtained by research (Asmara, 2018), stating that interest rates harm stock returns.…”

Section: Introductionmentioning

confidence: 99%

Analysis of The Influence of Exchange, Inflation, Gross Domestic Product, Interest Rate, and The Amount of Money Circulation On The LQ45 Index In The Indonesia Stock Exchange Between 2016-2020

Nurmansyah

Thamrin

2022

JSA

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“…Economic growth has no significant effect on stock returns. The results of this study contradict Candy & Winardy (2018). The results showed that inflation, interest rates, exchange rates, gross domestic product, exports, and imports have a significant effect on stock returns.…”

Section: The Multiple Linear Regression Equation Is As Followscontrasting

confidence: 89%

“…Research by Candy & Winardy (2018) regarding the effect of inflation and exchange rates on stock returns, there is a significant long-term relationship between returns and market inflation, however, there is no significant short-term relationship. These results also show a significant long-term and short-term relationship between market returns and exchange rates (Kwofie & Ansah, 2018).…”

Section: Economic Growthmentioning

confidence: 99%

Comparison of the Dominance of Internal and External Influences on the Return of Shares of Companies Listed in IDX30

Arifin

Koroy

Ruwanti

et al. 2021

Int. J. Mul. Disc. Sci.

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This study aims to determine the comparison of external and internal influences on stock returns on the Indonesia Stock Exchange. The research method uses quantitative methods from secondary data of financial analysis on 16 companies from 30 companies on the IDX Index that have a high level of liquidity and have a large capitalization selected by the IDX (Indonesia Stock Exchange) with several selection criteria, the selection is carried out by the IDX regularly 2 times every year, namely in February and August. from 2014-2018 and data from Bank Indonesia on economic growth and inflation in the same year. The data analysis technique used multiple regression. The results show that the influence of external factors in the form of economic growth and inflation is more dominant than the company's internal factors in the form of DY (Dividend Yield), EPS (Earning Per Share), ROE (Return On Equity), PER (Price Earning Ratio) affect stock returns. Implementation for companies that go public needs to pay attention to the dynamics of environmental changes, especially the inflation rate which can cause investors to sell their shares, while this phenomenon is an opportunity for some investors to get a cheaper share price than many other investors have released.

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“…Macroeconomics or often called macroeconomics is one part of the economic field that discusses all economic problems (Jusman & Puspitasari, 2019;Giffarina, 2021). Fields of macroeconomic studies include inflation, interest rates, exchange rates, imports, exports, world oil prices, and others (Mota-Hernandez et al, 2014;Salim, 2016;Candy & Winardy, 2018;Kennedy & Hayrani, 2018). Macroeconomic studies are explained in detail based on the economic problems of a country, therefore the topics discussed tend to be more numerous and complex.…”

Section: Introductionmentioning

confidence: 99%

Macroeconomic Digital Book Development: How are the Feasibility of Experts and Student Responses?

Muslim

Refnida

Chen

et al. 2021

j.of education technology

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The use of books today is inseparable from the rapid development of technology, one of the book developments that attracts a lot of interest from teachers is digital books. Digital books themselves are very suitable for complex and memorizing learning such as macroeconomics courses, the reason digital books are suitable for macroeconomic learning is that they can be carried anytime and anywhere. This study aims to see the feasibility of the product being developed, namely a digital book on macroeconomic material. The feasibility of the digital book made is divided into two, namely the feasibility of the experts and the feasibility of the sample (students). This research is an R&D type with the selected development model, namely the ADDIE development model. The sampling technique used is simple random sampling with a sample of 36 active students of economic education study program. There are 3 data collection instruments used including media and material expert validation instruments which have 10 statements and student response instruments totaling 28 statements. Analysis of the data used in the form of descriptive statistics. The results of material validation for both validators were 42 (very good) and 37 (good), then for media experts, a score of 38 (good) and 39 (good), while for student responses to the material aspect, a score of 29.25 (worth it) was obtained. , media aspect is 52.5 (very worth it), output aspect is 9.75 (worth it), and for all aspects is 91.5 (very worth it). Based on the results that have been obtained from the validation and small group trials, it shows that digital books on macroeconomic material are appropriate to be used as complementary learning resources in macroeconomics lectures.

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Pengaruh Faktor Ekonomi Makro Terhadap Stock Return Pada Indeks Saham LQ45

Cited by 10 publications

References 10 publications

Analysis of The Influence of Exchange, Inflation, Gross Domestic Product, Interest Rate, and The Amount of Money Circulation On The LQ45 Index In The Indonesia Stock Exchange Between 2016-2020

Analysis of The Influence of Exchange, Inflation, Gross Domestic Product, Interest Rate, and The Amount of Money Circulation On The LQ45 Index In The Indonesia Stock Exchange Between 2016-2020

Comparison of the Dominance of Internal and External Influences on the Return of Shares of Companies Listed in IDX30

Macroeconomic Digital Book Development: How are the Feasibility of Experts and Student Responses?

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