The Effect of World Gold Price, World Oil Price, USD/IDR Exchange Rate, and Inflation on the Joint Stock Price Index (JCI) On the Indonesia Stock Exchange (IDX)

Hidayat, Rahmat; Sudjono, Sudjono

doi:10.36348/sb.2022.v08i01.005

Cited by 7 publications

(5 citation statements)

References 4 publications

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“…It demonstrates that gold prices affect the JCI positively. These findings support the findings of Hidayat et al (2019), Pangondian et al (2022), Sampurna andSantoso (2017), andSuryanto (2017) that gold prices have a significant positive effect on the JCI.…”

Section: The Gold Prices Effect On the Jcisupporting

confidence: 90%

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Stability Analysis of Macroeconomic Effect on The Jakarta Composite Index (JCI) During 2006-2021

Ningrum

Mustafa

2023

DIJEFA

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This research aims to provide empirical evidence of macroeconomic effects on the Jakarta Composite Stock Price Index (JCI), precisely the exchange rate, GDP, gold prices, oil prices, and U.S. interest rates, as well as whether there are changes in the structure or stability of the regression during 2006-2021. The study employs quantitative research techniques such as panel data regression and dummy regression analysis with EViews 12. The results show that: (1) The exchange rate significantly negatively affects the JCI. (2) GDP significantly positively affect the JCI. (3) Gold prices significantly positively affect the JCI. (4) Oil prices significantly positively affect the JCI. (5) U.S. interest rates significantly positively affect the JCI. (6). The structure or stability regression of the macroeconomic effect on the JCI varies yearly. It means there is a change in the structure or stability of the regression during 2006-2021.

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Section: The Gold Prices Effect On the Jcisupporting

confidence: 90%

“…It demonstrates that oil prices have a positive effect on the JCI. According to Hidayat et al (2021), Hidayat andSudjono (2022), Pangodian et al (2022), Rahmayani andOktavilia (2020), andRobiyanto et al (2019), oil prices have a significant positive effect on the JCI.…”

Section: The Oil Prices Effect On the Jcimentioning

confidence: 99%

Stability Analysis of Macroeconomic Effect on The Jakarta Composite Index (JCI) During 2006-2021

Ningrum

Mustafa

2023

DIJEFA

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“…harga emas sebesar 0,042 kurang dari 0,05 mengindikasikan bahwa harga emas berpengaruh terhadap IHSG. Sejalan dengan penelitian yang dilakukan oleh Hidayat & Sudjono (2022) yang menyatakan di saat harga emas naik, maka IHSG akan ikut turun begitu juga sebaliknya. Di saat harga emas naik, investor akan lebih tertarik berinvestasi di emas dan investor akan menjual sahamnya hal ini akan mengakibatkan IHSG akan turun.…”

Section: Metode Penelitianunclassified

Pengaruh Net Foreign Fund, Harga Emas, Suku Bunga Terhadap Ihsg Di Bei Pada Masa Pandemi Covid-19

Sukri¹,

Abundanti

2023

EEB

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The capital market in Indonesia has an important role in the country's economy. The purpose of this study was to determine the effect of net foreign funds, gold prices and interest rates on the Composite Stock Price Index. This research was conducted on the value of the entire Composite Stock Price Index on the Indonesia Stock Exchange during the COVID-19 pandemic. The sample selection method used is saturated sampling for the entire population. The sample for each variable in this study was 21 data. The analysis used is multiple linear regression analysis. The results showed that net foreign funds had a positive and significant effect on the JCI. The price of gold has a negative and significant effect on the JCI. Interest rates have a negative and significant effect on the JCI. The implication of this research is that this research is expected to provide an empirical contribution to the effect of net foreign funds, gold prices and interest rates on the JCI. Investors need to pay attention to factors that can affect JCI performance during the COVID-19 pandemic, such as net foreign funds, gold prices and interest rates because these factors have a significant influence on the JCI

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“…Artinya, ketika Harga Minyak Dunia mengalami kenaikan, hal tersebut akan berpengaruh baik itu ke arah positif ataupun negatif terhadap IHSG. Hal ini didukung oleh penelitian Novianti & Perwati (2020) dan Hidayat & Sudjono (2022).…”

Section: Pengujian Hipotesis Uji Parsial (Uji T) Harga Minyak Dunia T...unclassified

Pengaruh Pengaruh Harga Minyak Dunia, Rata-Rata Industri Dow Jones Dan Indeks Hang Seng Terhadap Indeks Harga Saham Gabungan Periode 2017-2021

Deane,

Ismawati

2023

JEMBA

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Penelitian ini bertujuan untuk mengetahui pengaruh Harga Minyak Dunia, Rata- rata Industri Dow Jones dan Indeks Hang Seng baik secara parsial maupun secara simultan terhadap Indeks Harga Saham Gabungan dan untuk mengetahui perkembangan pada masing-masing variabel. Metode penelitian yang digunakan adalah metode deskriptif dan verifikatif dengan pendekatan kuantitatif. Sedangkan data yang digunakan adalah data sekunder yang meliputi data Harga Minyak Dunia, Rata-rata Industri Dow Jones, Indeks Hang Seng dan Indeks Harga Saham Gabungan. Teknik pengambilan sample menggunakan metode Purposive sampling dengan data bulanan dari bulan Januari 2017 sampai dengan bulan Desember 2021. Rancangan analisis yang digunakan adalah analisis regresi berganda, pengujian asumsi klasik, analisis koefisiensi korelasi dan analisis koefisiensi determinasi dan untuk pengujian hipotesis menggunakan Uji T dan Uji F dengan program aplikasi SPSS v25. Hasil penelitian menunjukkan bahwa secara parsial Harga Minyak Dunia berpengaruh positif dan signifikan terhadap Indeks Harga Saham Gabungan. Rata-rata Industri Dow Jones tidak berpengaruh dan tidak signifikan terhadap Indeks Harga Saham Gabungan. Indeks Hang Seng berpengaruh positif dan signifikan terhadap Indeks Harga Saham Gabungan. Dan secara simultan Harga Minyak Dunia, Rata-rata Industri Dow Jones, dan Indeks Hang Seng berpengaruh terhadap Indeks Harga Saham Gabungan.

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The Effect of World Gold Price, World Oil Price, USD/IDR Exchange Rate, and Inflation on the Joint Stock Price Index (JCI) On the Indonesia Stock Exchange (IDX)

Cited by 7 publications

References 4 publications

Stability Analysis of Macroeconomic Effect on The Jakarta Composite Index (JCI) During 2006-2021

Stability Analysis of Macroeconomic Effect on The Jakarta Composite Index (JCI) During 2006-2021

Pengaruh Net Foreign Fund, Harga Emas, Suku Bunga Terhadap Ihsg Di Bei Pada Masa Pandemi Covid-19

Pengaruh Pengaruh Harga Minyak Dunia, Rata-Rata Industri Dow Jones Dan Indeks Hang Seng Terhadap Indeks Harga Saham Gabungan Periode 2017-2021

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