PENGARUH VARIABEL MAKRO EKONOMI DAN KARAKTERISTIK PASAR MODAL SYARIAH TERHADAP INDEKS SAHAM SYARIAH INDONESIA (ISSI)
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Institusion

Universitas Sriwijaya

Author

FITRI, LITA
Hamidi, Ichsan

Subject

Z116-659 Book industries and trade 

Datestamp

2023-05-15 07:15:42 

Abstract :
The development of the Islamic capital market in Islamic stocks, especially the Indonesian Sharia Stock Index (ISSI) has progressed rapidly since its inception in 2011. With Indonesia being the largest Muslim country in the world, it has the potential to develop the Islamic finance industry. This study aims to see the effect of macroeconomic variables and Islamic capital market indicators on the Indonesian Sharia Stock Index. This study uses time series data from January 2015 ? December 2022. The analysis technique used is the Error Correction Model (ECM). The results showed that in the long run the inflation and trading volume variables had a positive and significant effect on the Indonesian Sharia stock index. Meanwhile, the BI rate has a negative and significant effect on the Indonesian Sharia Stock Index. While the results in the short term stock trading volume has a positive and significant effect on the Indonesian Sharia stock index. While the inflation and BI rate variables have no effect on the Indonesian Sharia stock index. Keywords: ISSI, Inflation, BI rate, stock trading volume. 

File :
RAMA_60201_01021181823027.pdf
RAMA_60201_01021181823027_TURNITIN.pdf
RAMA_60201_01021181823027_0001059108_01_front_ref.pdf
RAMA_60201_01021181823027_0001059108_02.pdf
RAMA_60201_01021181823027_0001059108_03.pdf
RAMA_60201_01021181823027_0001059108_04.pdf
RAMA_60201_01021181823027_0001059108_05.pdf
RAMA_60201_01021181823027_0001059108_06_ref.pdf
RAMA_60201_01021181823027_0001059108_07_lamp.pdf