Analisis Pengaruh Nilai Tukar Rupiah, Inflasi, Tingkat SBI, Dan Return On Asset (ROA) Terhadap Harga Saham Sektor Perbankan
DOI:
https://doi.org/10.37832/akubis.v9i1.50Keywords:
Rupiah Exchange Rate, Inflation, SBI Rate, Return On Assets (ROA) and Stock Prices Banking Sector CompanyAbstract
This study aims to analyze the effect of the rupiah exchange rate, inflation, SBI rate, and Return On Assets (ROA) on stock prices of banking sector companies for the 2014-2018 period. The data used in this study is secondary data obtained from published data from Bank Indonesia and the Central Bureau of Statistics which include the rupiah exchange rate, inflation, and SBI rates. Meanwhile, the closing share prices of banking sector companies were obtained from the Indonesia Stock Exchange. The population used is 41 banking sector companies listed on the Indonesia Stock Exchange. The sample selection criteria used a purposive sampling method and obtained a sample of 12 companies. The type of research used in this research is explanatory research which explains the influence of the rupiah exchange rate, inflation and SBI rates on stock prices.
The results of the analysis of the rupiah exchange rate, inflation and the SBI rate have no simultaneous effect on the dependent variable on stock prices. Partially the rupiah exchange rate variable has no effect on banking sector stock prices and inflation has no effect on banking sector stock prices. Meanwhile, the SBI level partially affects the share price of the banking sector. The variable that has the most dominant effect is the SBI level variable.
References
Alipudin, A & Oktaviani, R (2016). Pengaruh EPS, ROE, ROA, dan DER terhadap Harga Saham pada Perusahaan Sub Sektor Semen yang Terdaftar di BEI. Jurnal Ilmiah Akuntansi Fakultas Ekonomi| Vol. 2 No. 1 Tahun 2016. Diakses melalui http://ejournal.unisi.ac.id/index.php/jak/article/view/287/217
Bursa Efek Indonesia, Data Pasar Modal.www.idx.co.id. pada 13 September 2019
Bursa Efek Indonesia, Harga Saham Penutupan.www.idx.co.id. Pada 25 September 2019
Bank Indonesia, 2019. Data Informasi Kurs dan Inflasi www.bps.go.id. pada 3 Oktober 2019
Badan Pusat Statistik, 2020. Data tingkat SBI. www.bps.go.id. pada 3 Februari 2020
Dornbusch & Fischer. (1992). Macroekonomi Sevent Edition. New York: Graw-Hill.
Ghozali, P. I. (2018). Aplikasi Analisis Multivariate dengan Program IBM SPSS 25 Edisi 9. Semarang: Badan Penerbit Universitas Diponegoro.
Ginting, M. R. (2016). Pengaruh Tingkat Suku Bunga, Nilai Tukar, dan Inflasi terhadap Harga Saham (Studi pada Sub-Sektor Perbankan di Bursa Efek Indonesia periode 2011-2015). Jurnal Administrasi Bisnis (JAB)|Vol. 35 No. 2 Juni 2016. Diakses melalui http://administrasibisnis.studentjournal.ub.ac.id/index.php/jab/article/view/1371/1759 pada 30 September 2019
Hayat, A. (2018). Manajemen Keuangan. Medan: Madenatera.
Harsono Rezeki, A & Worokinasih, S (2018). Pengaruh Inflasi, Suku Bunga, dan Nilai Tukar Rupiah terhadap Indeks Harga Saham Gabungan (Studi pada Bursa Efek Indonesia periode 2013-2017). Jurnal Administrasi Bisnis (JAB)|Vol. 60 No. 2 Juli 2018. Diakses melalui http://administrasibisnis.studentjournal.ub.ac.id/index.php/jab/article/view/2512/2902 pada 30 September 2019
Madura, J. (1997). Manajemen Keuangan International. Jakarta: Erlangga.
Nanga, M. (2005). Makro Ekonomi. Jakarta: PT Raja Grafindo Persada.
Prasetyo, P. E. (2009). Fundamental Makro Ekonomi. Yogyakarta: Beta Offset.
Rindjin, Ketut (2008). Pengantar Perbankan dan Lembaga Keuangan Bukan Bank. Jakarta: Gramedia Pustaka Utama.
Rohmanda, D. (2014). Pengaruh Kurs Rupiah, Inflasi, dan BI RATE terhadap Harga Saham (Studi pada Indeks Sektoral Bursa Efek Indonesia Periode 2005-2013). Jurnal Administrasi Bisnis (JAB)|Vol. 13 No. 1 Agustus 2014. Diakses melalui http://administrasibisnis.studentjournal.ub.ac.id/index.php/jab/article/viw/532/731 pada 30 September 2019
Taswan, S (2006). Manajemen Perbankan. Yogyakarta: UPP STIM YKPN YOGYAKARTA.
Yusriwarti (2015). Pengaruh Tingkat Suku Bunga SBI dan Inflasi Terhadap Harga Saham Perbankan di Bursa Efek Indonesia (BEI). Jurnal Akuntansi dan Keuangan | Vol. 4 No. 2 Juli-Desember 2015. Diakses melalui http://ejournal.unisi.ac.id/index.php/jak/article/view/287/216
