Analisis Pengaruh Indikator Ekonomi Makro terhadap Perubahan Indeks Harga Saham Gabungan di Pasar Modal Indonesia

Abstract

In this moment, capital market is an exactly measure to show the economic development country. Macro economic indicators give influence to change the prices of share at the capital market. Capital market is one of fund source except the banking sector which give a lot of profit to investors. This examination using Ordinary Least Squares (OLS) Approach to identification of the relationship between the dependent variable (IHSG) and independent variables in use (are GDP real, inflation grade, real interest rate and foreign exchange fluctuation). A bad indicators of macro economic conducted a bad effect to capital market performance, and so it can be the instability country in economy. Finally, the result of this examination are only GDP real and foreign exchange fluctuation have influence and significance to change the prices of share in BEJ. The inflation grade and real interest rate have no influence to change the prices of share in BEJ, estimated cause the volume of money demand for transaction are much bigger.