ANALISIS PENGARUH FOREIGN INFLOW, INFLASI, SUKU BUNGA DAN KURS PADA RETURN SAHAM (Studi kasus pada sektor keuangan periode Juli 2016 – Januari 2017)
Abstract: Flow of investment
into the stock market as the impact of tax amnesty program led to the foreign
markets are also feeling the impact. This study aimed to examine the effect of
foreign inflow, inflation rate, interest rate and exchange rate to stock return
on finance sector in tax amnesty period. Net buy is used as a proxy for the
foreign inflow in stock market, interpolation of inflation rate is used for
inflation, interpolation of BI 7-day repo rate is used for interest rate and
exchange rate of IDR/USD is used for exchange rate.This study uses finance
index in Indonesian Stock Exchange during the period July 2016 – January 2017
as the sample. The analysis technique used is regression analysis using
computer software programs such as SPSS 22.0. The results showed that Foreign
Inflow have significant positive effect on stock return, while Inflation,
interest rate and exchange rate have no significant effect on stock return.
Based on the test results of the coefficient of determination R2, the
independent variables in this study had the effect as much as 31.7% to stock
return.
Keywords: Stock Return,
Foreign Inflow, Inflation Rate, Interest Rate, Exchange Rate, and Tax amnesty
Penulis: Bobbi Bobbi, A. Mulyo
Haryanto
Kode Jurnal: jpmanajemendd170820
