ac

Inflation And Exchange Rate On Indonesia Sharia Stock Index (ISSI) 2019-2022 Period

Authors

  • Siti Alfajriyani UIN Sunan kalijaga Yogyakarta
  • Muhammad Wakhid Musthofa UIN Sunan Kalijaga Yogyakarta

DOI:

10.47709/governors.v2i3.2840

Keywords:

Exchange Rate, Indonesia Sharia Stock Index, Inflation

Dimension Badge Record



Abstract

This research was conducted with the aim of finding out how much influence inflation and the exchange rate have on Indonesia sharia stock index (ISSI) for the 2019-2022 period. This research is quantitative research with the type of data used is secondary data of the time series data type . The method used is the multiple linear regression method with data processing using the Eviews12 program. The data taken is data from each variable from the beginning of 2019 to the end of 2022, based on quarters 1, 2, 3 and 4 with a sample of 16 data. In this research, the author carried out two tests, namely the classical assumption test as a condition for fulfilling the assumptions of the OLS method and hypothesis testing to analyze the influence of inflation and exchange rates on ISSI. The conclusion of this research is that inflation has a significant positive effect and the exchange rate has a significant negative effect.

Google Scholar Cite Analysis
Abstract viewed = 43 times

References

Anwar, MS, & A., AD (2020). Analysis of the Effect of Inflation and Exchange Rates on the Indonesia Sharia Stock Index (ISSI) 2014-2018. I-Finance: A Research Journal on Islamic Finance , 6 (1), 7–14. https://doi.org/https://doi.org/10.19109/ifinance.v6i1.5288

BEI. (2023). Indonesia Sharia Stock Index. Retrieved April 27, 2023, from Indonesia Stock Exchange website: https://www.idx.co.id/id

Fuadi, A. (2020). Inflation and Rupiah Exchange Rate Against the Indonesia Sharia Stock Index. Pelita Bangsa Business Accounting Journal , 5 (1), 1–12. https://doi.org/10.37366/akubis.v5i01.102

Junida, A. Irma. (2023). Passing Target, Investment Realization in 2022 Reaches IDR 1,207.2 Trillion. Retrieved April 28, 2023, from January 24 2023 16:02 IWST website: https://www.antaranews.com/berita/3362649/lalui-target-realization-investasi-2022-capai-rp12072-triliun

Kamal, M., Kasmawati, Rodi, Thamrin, H., & Iskandar. (2021). The Influence of the Rupiah Inflation Rate and Exchange Rate (KURS) on the Indonesia Sharia Stock Index (ISSI). Tabarru' Journal: Islamic Banking and Finance , 4 (2), 521–531. https://doi.org/10.25299/jtb.2021.vol4(2).8310

Lipsey, R. G. (1992). Introduction to Macroeconomics . Jakarta: Erlangga.

FSA. (2023). Indonesia Sharia Stock Index Annual Report. Retrieved April 27, 2023, from Financial Services Authority website: https://www.ojk.go.id/id

Primadona, M., Harahap, I., & Harahap, RD (2022). The Influence of Economic Growth, Inflation and Exchange Rates on the Indonesia Sharia Stock Index (ISSI). Perbanas Journal of Islamic Economics & Business , 2 (2), 128–135. https://doi.org/10.56174/pjieb.v2i2.46

Salim, A., Fadilla, & Purnamasari, A. (2021). The Effect of Inflation on Indonesia's Economic Growth. Ekonomica Sharia: Journal of Sharia Economic Thought and Development , 7 (1), 17–28. https://doi.org/10.36908/esha.v7i1.268

Setiawan, A. (2018). Property and Ownership in Islam. Retrieved December 26, 2023, from Gadjah Mada University Faculty of Economics and Business website: https://pkebs.feb.ugm.ac.id/2018/07/02/harta-dan-kepemilikan-dalam-islam/

Setyani, O. (2017). The Influence of Inflation and Exchange Rates on the Indonesia Sharia Stock Index. Islamiconomic: Journal of Islamic Economics , 8 (2), 213–238. https://doi.org/10.32678/ijei.v8i2.76

Siyoto, S., & Sodik, M.A. (2015). Basic Research Methodology (1st ed.). Yogyakarta: Literacy Media Publishing.

Sugiyono. (2019). Quantitative qualitative research methods and R&D (1st ed.). Bandung: Alphabeta.

Tripuspitorini, F.A. (2021). Analysis of the Effect of Inflation, Rupiah Exchange Rate, and BI-Rate on Indonesia Sharia Stock Index Prices. Journal of Islamic Banking Management , 4 (2), 112–121. https://doi.org/10.32627/maps.v4i2.172

Widarjono, A. (2018). Introductory Econometrics and its Applications accompanied by Eviews Guide (5th ed.). Yogyakarta: UPPM STIM YKPN.

Downloads

ARTICLE Published HISTORY

Submitted Date: 2023-09-14
Accepted Date: 2023-12-14
Published Date: 2023-12-31

How to Cite

Alfajriyani, S., & Musthofa, M. W. . (2023). Inflation And Exchange Rate On Indonesia Sharia Stock Index (ISSI) 2019-2022 Period. GOVERNORS, 2(3), 126-133. https://doi.org/10.47709/governors.v2i3.2840