Jurnal Ekonomi, Bisnis dan Entrepreneurship (Apr 2016)

Analisis Pengaruh Variabel Makroekonomi Terhadap Indeks Saham Syariah Indonesia (Periode Mei 2011-September 2015 Dengan Model ECM)

  • Yudhistira Ardana

Journal volume & issue
Vol. 10, no. 1
pp. 76 – 90

Abstract

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This study aimed to analyze the effect of macroeconomic variables on Indonesian Islamic stock index. Macroeconomic variables used are the interest rate of Bank Indonesia (BI-rate), inflation, exchange rate, Bank Indonesia Certificates Sharia (SBIS) and world oil prices. The data used in this research is secondary data during the period May 2011 until September 2015 using a model error correction model (ECM) where the end result is going to measure the effect of macroeconomic variables on Indonesian Sharia Stock Index in the short term and long term.

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