Update Artikelilmiah: 37062

REYNALDI ELICA KENRICK

NIM

Judul Artikel

Abstrak (Bhs. Indonesia)

Proses pelaksanaan pembangunan ekonomi nasional di sebuah negara memerlukan pembiayaan dari pemerintah ataupun dari masyarakat. Pasar modal merupakan alternatif sumber pembiayaan bagi pemerintah maupun swasta. Salah satu instrumen pasar modal adalah saham. Saham dari berbagai emiten yang ada di Bursa Efek Indonesia (BEI) bisa ditransaksikan oleh para investor melalui pasar saham. Pada dasarnya sejumlah indikator ekonomi seperti inflasi, suku bunga, kurs dan FED rate menjadi faktor yang memengaruhi pasar saham sehingga pergerakan harga saham perusahaan go public sangat rentan terhadap sentimen-sentimen perekonomian. Disisi lain, banyak saham emiten di BEI tidak mencerminkan kondisi fundamental perusahaannya. Oleh karena itu, penelitian ini mengambil objek penelitian Indeks Sustainable and Responsible Investment (SRI)-KEHATI karena emiten di dalamnya memiliki fundamental dan finansial yang kokoh. Penelitian ini bertujuan untuk menganalisis pengaruh secara bersama-sama serta pengaruh secara parsial antara inflasi, BI rate, kurs valuta asing, dan The Fed rate terhadap pergerakan indeks harga saham Sustainable and Responsible Investment (SRI)-KEHATI. Metode analisis data dengan menggunakan regresi linear berganda, uji asumsi klasik yaitu uji normalitas, uji multikolonearitas, uji autokorelasi, uji heteroskedastisitas, uji hipotesis (uji t dan uji F), kemudian pengolahan datanya menggunakan aplikasi Eviews 9. Berdasarkan hasil penelitian, dapat disimpulkan bahwa (1) Inflasi, BI rate, kurs valuta asing, dan FED rate secara bersama-sama berpengaruh terhadap indeks SRI-KEHATI, (2) hipotesis pertama yaitu inflasi berpengaruh negatif signifikan terhadap pergerakan indeks harga saham SRI-KEHATI ditolak, (3) hipotesis kedua yaitu BI rate berpengaruh negatif signifikan terhadap pergerakan indeks harga saham SRI-KEHATI diterima, (4) hipotesis ketiga yaitu kurs valuta asing berpengaruh negatif signifikan terhadap pergerakan indeks harga saham SRI-KEHATI diterima, dan (5) hipotesis keempat yaitu suku bunga The Fed berpengaruh negatif terhadap indeks harga saham SRI-KEHATI ditolak.

Abtrak (Bhs. Inggris)

The process of implementing national economic development in a country requires funding from the government or from the community. The capital market is an alternative source of financing for both the government and the private sector. One of the capital market instruments is stock. Stocks from various issuers on the Indonesia Stock Exchange (IDX) can be traded by investors through the stock market. Basically, a number of economic indicators such as inflation, interest rates, exchange rates and the FED rate are factors that affect the stock market so that the stock price movements of publicly listed companies are very vulnerable to economic sentiments. On the other hand, many issuers' shares on the IDX do not reflect the company's fundamental conditions. Therefore, this study takes the object of research on the Sustainable and Responsible Investment (SRI)-KEHATI Index because the issuers in it have strong fundamentals and finances. This study aims to analyze the joint and partial effect of inflation, BI rate, foreign exchange rates, and The Fed rate on the movement of the Sustainable and Responsible Investment (SRI)-KEHATI stock price index. The data analysis method uses multiple linear regression, classical assumption test, namely normality test, multicolonearity test, autocorrelation test, heteroscedasticity test, hypothesis testing (t test and F test), then processing the data using the Eviews 9 application. Based on the results of the study, it can be concluded that (1) Inflation, BI rate, foreign exchange rate, and FED rate together affect the SRI-KEHATI index, (2) the first hypothesis that inflation has a significant negative effect on the movement of the SRI-KEHATI stock price index is rejected, (3) the hypothesis the second is that the BI rate has a significant negative effect on the movement of the SRI-KEHATI stock price index is accepted, (4) the third hypothesis is that the foreign exchange rate has a significant negative effect on the movement of the SRI-KEHATI stock price index is accepted, and (5) the fourth hypothesis is the interest rate of the Fed negative effect on the SRI-KEHATI stock price index was rejected.

Kata kunci

Pembimbing 1

Pembimbing 2

Pembimbing 3

Tahun

Jumlah Halaman