SKRIPSI PBS
Analisis Pengaruh Indikator Makro Ekonomi Terhadap Pasar Modal Syariah (Studi pada Jakarta Islamic Index)
ABSTRACT
Investment can be understood as the sacrifice of resources or funds now in order to
make a profit in the future. One of the instruments that are often used for investment
is stocks. The Jakarta Islamic Index stock sector can be used as a viable investment
option. The economic condition of a country will affect its investment climate. It
can be seen from macroeconomic variables such as interest rates, inflation, and
exchange rates. This study aims to find out how macro variables can affect the share
price of Jakarta Islamic Index in the 2018-2022 period.
This research is a quantitative study with secondary data obtained from Bank
Indonesia, Yahoo Finance, and the Indonesia Stock Exchange. The Eviews 10
program is used to perform data analysis with stages of classical assumption testing,
model determination test, multiple regression test and hypothesis test. The results
showed that the prob value of inflation of 0.04053 > 0.05, indicating that inflation
had no effect on the share price of Jakarta Islamic Index, while the prob value of
the exchange rate of 0.5462 > 0.05, showed that exchange rate had no effect on the
share price of Jakarta Islamic Index, and the prob value of the interest rate of 0.0300
< 0.05, indicating that the intrest rate had a significant effect on the share price of
Jakarta Islamic Index.
Keywords : Jakarta Islamic Index, Macroeconomics, Stock Price, Interest Rate,
Inflation, Exchange Rate.
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