HappyDinithasari (2009) The Influence Analysis of Macroeconomic Variables to the Banking Stock Price (Panel Data Regression, Panel Cointegration, and Dynamic Panel Data Approach). Sarjana thesis, Universitas Brawijaya.
Abstract
Tujuan utama dalam penelitian ini adalah untuk mengetahui bagaimana pengaruhnya (paru-paru pendek dan jangka panjang) variabel ekonomi makro hingga harga saham perbankan dengan menggunakan regresi data panel, kointegrasi panel, dan pendekatan data panel dinamis. Seperti yang dapat kita lihat dari regresi data panel, variabel makroekonomi mempengaruhi harga saham perbankan secara bersamaan dan sebagian. Padahal, sebelum kami memiliki tes untuk kointegrasi panel untuk mengetahui ketersediaan efek jangka panjang dari variabel makroekonomi terhadap harga saham perbankan, kami membutuhkan uji root unit panel. Dari uji root unit panel, semua variabel adalah stasier dalam perbedaan pertama. Dari uji Cointegrasi Panel, tanda-tanda bahwa variabel ekonomi makro mempengaruhi harga saham perbankan dalam jangka panjang. Efek jangka pendek dan panjang dari tingkat inflasi ke harga saham perbankan menunjukkan bahwa tingkat inflasi signifikan dan negatif terhadap harga saham perbankan. Efek jangka pendek dan panjang dari BI rate ke harga saham perbankan menunjukkan bahwa BI Rate signifikan dan positif terhadap harga saham perbankan. Efek jangka pendek dan panjang dari nilai tukar ke harga saham perbankan menunjukkan bahwa nilai tukar signifikan dan negatif terhadap harga saham perbankan.
English Abstract
Main purpose in this research is to know how the influence (short lung and long run) of macroeconomic variables to the banking stock price by using panel data regression, panel cointegration, and dynamic panel data approach. As we can see from panel data regression, that macroeconomic variables affect to the banking stock price in simultaneously and partially. Whereas, before we have test for panel cointegration to know the availability of the long run effect of macroeconomic variables to the banking stock price, we need panel unit root test. From panel unit root test, all of the variables are stationer in first difference. From panel cointegration test, signs that macro economic variables affect to the banking stock price in long run. The short and long run effect from inflation rate to the banking stock price shows that inflation rate is significant and negative to the banking stock price. The short and long run effect from BI rate to the banking stock price shows that BI rate is significant and positive to the banking stock price. The short and long run effect from exchange rate to the banking stock price shows that exchange rate is significant and negative to the banking stock price.
| Item Type: | Thesis (Sarjana) |
|---|---|
| Identification Number: | SKR/FE/2009/634/051000006 |
| Subjects: | 300 Social sciences > 330 Economics |
| Divisions: | Fakultas Ekonomi dan Bisnis > Ilmu Ekonomi |
| Depositing User: | Endang Susworini |
| Date Deposited: | 11 Jan 2010 15:18 |
| Last Modified: | 23 Oct 2021 16:06 |
| URI: | http://repository.ub.ac.id/id/eprint/104534 |
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1._COVER.pdf Download (1MB) | Preview |
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2._CURRICULUM_VITAE.pdf Download (1MB) | Preview |
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3._PREFACE.pdf Download (1MB) | Preview |
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4._TABLE_OF_CONTENTS_AND_ABSTRACT.pdf Download (1MB) | Preview |
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5._CHAPTER_I.pdf Download (1MB) | Preview |
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6._CHAPTER_II.pdf Download (1MB) | Preview |
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7._CHAPTER_III.pdf Download (1MB) | Preview |
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8._CHAPTER_IV.pdf Download (1MB) | Preview |
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9._CHAPTER_V.pdf Download (1MB) | Preview |
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10._REFERENCES.pdf Download (1MB) | Preview |
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11._APPENDIX.pdf Download (2MB) | Preview |
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