Istarini, Fatiah (2011) Analisis Pengaruh Hari Perdagangan Dalam Satu Minggu (Day Of The Week Effect) Dan Exchange Rate Terhadap Indeks Harga Saham Gabungan (IHSG) Di Bursa Efek Indonesia Tahun 2009. S1 thesis, STIE Indonesia Banking School.
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Abstract
n making investment decisions, investors need to conduct an analysis of the pattern of trading days which change daily. These changes are caused by changes in investor behavior in stock trading activity so that changes in investor behavior will affect the pattern of daily stock price movements. Changes in macro variables also become one of the factors that influence it, one of the exchange rate, which can affect share price. The stock prices JCI is a reflection of the general capital market activities. JCI showed an increase in capital market conditions are bullish, on the contrary, if a decrease is shown in the bearish stock market conditions. This problem is influenced by several factors, like day of the week effect and macroeconomics factors. Among the macroeconomic factors that have an important role in the JCI movement is the Exchange Rate / US $. The research method used in this study is multiple linear regression analysis. This analysis is used to determine the influence of independent variables on the dependent variable. The independent variables in this study represented by day of the week effect and exchange rate, while the dependent variable is reflected by the Jakarta Composite Index(JCI). Initial test is using a test of normality and resumed by testing multiple linear regression analysis and classical assumption. Hypothesis testing is using t-statistics and F-statistics with a significance level of 5%. A descriptive statistics has been used and it implies that there is an effect of trading days on stock prices. However, using backward stepwise linier regression model and multivariate analysis, the result indicates, that there is no effect of trading days on stock prices. Using multivariate data analysis it is found that stock prices is influenced by exchange rate. Keyword: Trading days, Exchange rate, Jakarta Composite Index (JCI)
| Item Type: | Thesis (S1) |
|---|---|
| Subjects: | H Social Sciences > HD Industries. Land use. Labor > HD28 Management. Industrial Management |
| Divisions: | Prodi S1 Manajemen |
| Depositing User: | Mrs. Deli Apsa |
| Date Deposited: | 07 Oct 2020 05:33 |
| Last Modified: | 07 Oct 2020 05:33 |
| URI: | http://repository.ibs.ac.id/id/eprint/1510 |
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