THE EFFECT OFDOW JONESINDEXANDINDONESIAMACRO VARIABLES INDEX ON FINANCIAL SECTOR PRICE INDEX POST GLOBAL FINANCIAL CRISIS 2008

THE EFFECT OFDOW JONESINDEXANDINDONESIAMACRO VARIABLES INDEX ON FINANCIAL SECTOR PRICE INDEX POST GLOBAL FINANCIAL CRISIS 2008

Dow Jones Index, Dollar Exchange Rate, BI Rate, Inflation, Financial Sector StockPrice Index (CSPI)

This study aims to determine whether the Dow Jones Index, exchange rate, interest rates, and inflation affect the Financial Sector Stock Price Index. The population in this studyis the Financial Sector Stock Price Index (CSPI) data from December 1995 to December 2018. The sample in this study is the monthly data of the Dow Jones Index, Rupiah Exchange Rates, SBI Interest Rates, Inflation, and CSPIwithin 10 years (120 months) from January 2009 to December 2018 where the CSPIexperienced fluctuations during this period. The data analysis technique used is multiple linear regression. Research results show that Simultaneously, the Dow Jones Index variables, Dollar Exchange Rate, BI Rate, and Inflation significantly influence the dependent variable of the JCI movement with a coefficient value of 96.53%. The Dow Jones Index variable partially has a significant effect and is positively correlated with the CSPIdependent variable. Dollar Exchange Variable partially has a significant effect and negatively correlates to the CSPIdependent variable. The BI Rate variable partially has no significant effect and positively correlates to the CSPIdependent variable. Inflation variable partially hasno significant effect and positively correlated to the CSPIdependent variable

Yusup Aris Andika1, Said Djamaluddin2

https://dinastipub.org/DIJEFA/article/view/301/216

Mercubuana University,

15th May 2020

yusuparisandika@gmail.com

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