Alfia, Shindy Julyanisa (2022) PENGARUH INFLASI, SUKU BUNGA DAN NILAI TUKAR TERHADAP RETURN SAHAM PERUSAHAAN PROPERTY DAN REAL ESTATE YANG TERDAFTAR DI BURSA EFEK INDONESIA TAHUN JANUARI 2017 – DESEMBER 2018. Masters thesis, UNDARIS.
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Abstract
ABSTRAK Return saham merupakan hasil yang diperoleh dari kegiatan investasi. Return dibedakan menjadi dua, yaitu return realisasi dan excepted return (Jogiyanto, 2008). Menurut Samsul (2006:335) terdapat banyak faktor yang mempengaruhi return saham yang bersifat makro antara lain inflasi, suku bunga dan nilai tukar.Inflasi merupakan faktor ekonomi makro yang dapat mempengaruhi return saham, menurut Sukirno (2008:14), Sunariyah (2006:80) suku bunga adalah harga dari pinjaman. Sukirno (2000) nilai tukar adalah perbandingan nilai tukar mata uang suatu negara dengan mata uang negara asing/ perbandingan nilai tukar valuta asing antar negara. Penelitian ini bertujuan untuk mengetahui Pengaruh Inflasi, Suku Bunga dan Nilai Tukar Rupiah secara parsial dan simultan terhadap Return Saham perusahaan Property and Real Estate di BEI tahun Januari 2017 -Desember 2018. Penelitian ini merupakan jenis kuantitatif karena di dalamnya mengacu pada perhitungan data penelitian yang berupa angka-angka. Sampel dalam penelitian ini adalah perusahaan Property and Real Estate di BEI tahun Januari 2017 - Desember 2018. Pemilihan sampel menggunakan metode purposive sampling, dengan jumlah 5 (lima) perusahaan dengan 120 sampel tiap bulan periode Januari 2017 – Desember 2018. Teknik analisis data menggunakan analisis Korelasi, Analisis Regresi Linier, Koefisien Determinasi, Uji t parsial dan Uji F simultan. Berdasarkan hasil analisis statistik dapat disimpulkan (1). Inflasi berpengaruh negatif dan signifikan terhadap return saham, hal ini ditunjukkan oleh distribusi t hitung sebesar -2,546 < t tabel -1,981 maka Ha1 diterima. (2) Suku Bunga berpengaruh signifikan terhadap Return Saham,, hal ini ditunjukkan oleh distribusi t hitung sebesar 4,335 > t tabel 1,981 maka Ha2 diterima (3).Nilai Tukar Rupiah berpengaruh negatif dan signifikan terhadap Return Saham, hal ini ditunjukkan oleh distribusi t hitung sebesar -4,612 < t tabel -1,981 maka Ha3 diterima (4). Inflasi, Suku Bunga dan Nilai Tukar Rupiah secara simultan berpengaruh signifikan terhadap Return Saham, hal ini ditunjukkan dengan distribusi F hitung sebesar 7,788 > F tabel sebesar 2,68 maka Ha4 diterima. Kata kunci : Inflasi, Suku Bunga, Nilai Tukar Rupiah, Return Saham. iv ABSTRACT Stock return is the result obtained from investment activities. Returns are divided into two, namely realized returns and excepted returns (Jogiyanto, 2008). According to Samsul (2006:335) there are many factors that influence stock returns that are macro, including inflation, interest rates and exchange rates. Inflation is a macroeconomic factor that can affect stock returns, according to Sukirno (2008:14), Sunariyah (2006: 80) the interest rate is the price of the loan. Sukirno (2000) exchange rate is a comparison of the exchange rate of a country's currency with foreign currencies / comparison of foreign exchange rates between countries. This study aims to determine the effect of inflation, interest rates and the Rupiah exchange rate partially and simultaneously on the Stock Return of Property and Real Estate companies on the IDX in January 2017-December 2018. This research is a quantitative type because it refers to the calculation of research data in the form of numbers. The sample in this study was Property and Real Estate companies on the IDX in January 2017 - December 2018. The sample selection used the purposive sampling method, with a total of 5 (five) companies with 120 samples each month for the period January 2017 - December 2018. The data analysis technique used analysis Linear Correlation, Regression Analysis, Determination Coefficient, Partial t-test and simultaneous F-test. Based on the results of statistical analysis can be concluded (1). Inflation has a negative and significant effect on stock returns, this is indicated by the t�count distribution of -2.546 < t table -1.981 then Ha1 is accepted. (2) Interest Rates have a significant effect on Stock Return, this is shown by the t-count distribution of 4.335 > t-table 1.981 then Ha2 is accepted (3). The Rupiah Exchange Rate has a negative and significant effect on Stock Return, this is indicated by the t-count distribution of -4.612 < t table -1.981 then Ha3 is accepted (4). Inflation, Interest Rates and Rupiah Exchange Rates simultaneously have a significant effect on Stock Return, this is indicated by the distribution of calculated F of 7.788 > F table of 2.68 then Ha4 is accepted. Keywords : Inflation, Interest Rate, Rupiah Exchange Rate, Stock Return
| Item Type: | Thesis (Masters) |
|---|---|
| Subjects: | H Social Sciences > HB Economic Theory |
| Divisions: | Fakultas Ekonomi dan Bisnis |
| Depositing User: | DODI GITMI DWI RIANTO |
| Date Deposited: | 06 Dec 2022 07:11 |
| Last Modified: | 06 Dec 2022 07:11 |
| URI: | http://repository.undaris.ac.id/id/eprint/736 |
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