PENGUJIAN EMPIRIK ATAS EKSPOSUR EKONOMI YANG DIHADAPI OLEH PERUSAHAAN SEKTOR OTOMOTIF DI INDONESIA
Abstract: The purpose of the
research is to know whether the automotive sector companies operating in
Indonesia is facing economic exposure. This study uses the Distributed Lag
regression to determine whether there is economic exposure that must be faced
by the automotive subsector in Indonesian companies listed on the Indonesia
Stock Exchange during the period 2008 to 2013 or not.The results of the
analysis show that the effect of the company's external economic exposure in
the show by the exchange rate against foreign currencies (U.S. dollar and
Japanese yen) are not shown to significantly affect the price of shares in
companies listed automotive sector The Indonesia Stock Exchange. The results of
this analysis can occur due to factors that affect economic exposure not only
fixated on the exchange rate against foreign currencies but also there are
other factors that affect the economy, such as interest rates and inflation.The
results of simultaneous test (F test ) and partial test ( t test ) which found
results that support each addition has no significant effect , the rupiah
exchange rate against the U.S. Dollar and Japanese Yen also has a coefficient
of determination with such a small proportion is 2.8 % and 0.01%. Small
proportion of this which reinforce that the rupiah exchange rate against
foreign currencies does not have an influence on company's stock price.
Keywords: Economic Exposure,
Exchange Rate, Stock Price, Regression Distributed Lagi
Penulis: Romikul Ghurub
Kode Jurnal: jpmanajemendd141347
