Asy’ary, Akhmad Irsyad (2019) Pengaruh Variabel Makroekonomi & Dow Jones Islamic Market Terhadap Jakarta Islamic Index (Jii) Periode 2014-2018. Sarjana thesis, Universitas Brawijaya.
Abstract
Pasar modal syariah diyakini mampu bertahan terhadap krisis dibandingkan dengan pasar modal konvensional. Namun, berdasarkan data pada tahun 2018 menunjukkan pasar modal syariah sejatinya pergerakannya tidaklah jauh berbeda dengan pasar modal konvensional. Pergerakan Jakarta Islamic Index cenderung fluktuatif dan memiliki pola yang sama dengan indeks LQ45. Pergerakan Jakarta Islamic Indeks yang fluktuatif disebabkan oleh perubahan dari kondisi makroekonomi yang diantaranya adalah Inflasi, Kurs, Sukuk, dan variabel external lain seperti Dow Jones Islamic Market Index. Metode yang dipergunakan dalam penelitian ini adalah Error Correction Model. Hasil yang didapat dari penelitian ini menunjukkan bahwa variabel Inflasi tidak berpengaruh signifikan, adapun variabel Kurs dan Dow Jones Islamic Market hanya berpengaruh signifikan dalam jangka panjang dan menunjukkan koefisien negatif. Sedangkan untuk variabel Sukuk baik dalam jangka panjang dan jangka pendek menunjukkan pengaruh positif signifikan terhadap Jakarta Islamic Index.
English Abstract
The Islamic capital market is believed to be able to survive the crisis compared to the conventional ones. However, based on data in 2018, the Islamic capital market is actually not much different from the conventional capital market. The movement of the Jakarta Islamic Index tends to fluctuate and had the same pattern as the LQ45 index. The movement fluctuation of the Jakarta Islamic Index is caused by changes in macroeconomic conditions which include inflation, exchange rates, Sukuk, and another external variable such as a Dow Jones Islamic Market Index. The methodology used in this study is the Error Correction Model. The results obtained from this study indicate that the Inflation variable has no significant effect, while the Exchange Rate and Dow Jones Islamic Market variables show significant long-term effect and have negative coefficients. While for the Sukuk variable both in the long term and short term, it shows a positive coefficient with a significant effect on the Jakarta Islamic Index.
Other obstract
-
| Item Type: | Thesis (Sarjana) |
|---|---|
| Identification Number: | SKR/FEB/2019/519/051908087 |
| Uncontrolled Keywords: | Pasar Modal Syariah, Jakarta Islamic Index, Fluktuatif, Inflasi, Kurs, Sukuk, Dow Jones Islamic Market, Islamic Capital Market, Jakarta Islamic Index, Fluctuate, Inflation, Exchange Rate, Sukuk, Dow Jones Islamic Market |
| Subjects: | 300 Social sciences > 332 Financial economics > 332.6 Investment |
| Divisions: | Fakultas Ekonomi dan Bisnis > Ilmu Ekonomi |
| Depositing User: | Nur Cholis |
| Date Deposited: | 01 Nov 2020 13:43 |
| Last Modified: | 01 Nov 2020 13:43 |
| URI: | http://repository.ub.ac.id/id/eprint/174179 |
Actions (login required)
 |
View Item |