ANALISIS PENGARUH TINGKAT INFLASI, KURS DOLLAR (USD/IDR), INDEKS NIKKEI 225 DAN INDEKS HANG SENG TERHADAP INDEKS HARGA SAHAM GABUNGAN PERIODE 2018-2022

Priska Tia Utami; Ali Akbar

Priska Tia Utami Program Studi Ekonomi Pembangunan Universitas Baturaja
Ali Akbar Program Studi Ekonomi Pembangunan Universitas Baturaja

Keywords: Inflation, Dolllar Exchange Rate, Nikkei 225 Index, Hang Seng Index, Composite Stock Price Index

Abstract

The main purpose of this study was to analyze the influence of the Inflation Rate, Dollar Exchange Rate (USD/IDR), Nikkei 225 Index, and Hang Seng Index on the Composite Stock Price Index for the period 2018-2022, both partially and simultaneously. The method used was quantitative with multiple linear regression analysis tools. This study used secondary data obtained from the official BI website and the official Yahoo Finance website with time series data over 5 years from 2018 to 2022.

The results of this study showed that the variables of Inflation, Dollar Exchange Rate (USD/IDR), Nikkei 225 Index, and Hang Seng Index significantly influenced the Composite Stock Price Index simultaneously. However, partially, the Dollar Exchange Rate had a negative and insignificant influence on the Composite Stock Price Index, while the variables of Inflation, Nikkei 225 Index, and Hang Seng Index had a positive and significant influence on the Composite Stock Price Index. The coefficient of determination indicated that the contribution of the variables of Inflation, Dollar Exchange Rate (USD/IDR), Nikkei 225 Index, and Hang Seng Index to the Composite Stock Price Index was 66.0%, while the remaining 34.0% was influenced by other variables not included or variables not examined in this study.