Pengaruh Tingkat Inflasi, Tingkat Suku Bunga SBI, Nilai Tukar Rupiah, Indeks Dow Jones, Dan Indeks Klse Terhadap Indeks Harga Saham Gabungan (Ihsg) Studi Pada Bursa Efek Indonesia Periode Januari 2010 – Desember 2013

Abstract

This research aimed to know the effect of inflation rate, SBI rate, Rupiah exchange rate, Dow Jones index, KLSE index towards Composite Stock Price Index (CSPI). Types of research used in explanatory research with quantitative approach. The sample was based on monthly time series data from January 2010 - December 2013, used full sampling method which consist of 48 samples. This research used multiple linear regression method. The value coefficient of determination (R2) 0,84, means the independent variables inflation rate, SBI rate, Rupiah exchange rate, Dow Jones index, KLSE index, explain the dependent variable Composite Stock Price Index (CSPI) up to 84% and the remaining 16% explained by the other that had not been examined. Simultaneous test result (F test), indicating that inflation rate, SBI rate, Rupiah exchange rate, Dow Jones index, KLSE index has significant effect on the Composite Stock Price Index (CSPI) simultaneously. Partial test result (t test), indicates that inflation rate showed a insignificant influence on CSPI, while SBI rate and Rupiah exchange rate had a negative effect and significant to CSPI, Dow Jones index and KLSE index had a positive and significant to CSPI. The most dominant influential variable in this research is Dow Jones Index