Penelitian Stimulus Dosen

JudulDETERMINATION OF STOCK PRICE INDEX (IHS) IN JAKARTA ISLAMIC INDEX (JII) INDONESIA, PERIOD 2017-2021
Nama HibahHibah Internal Penelitian
Nama ProgramPenelitian Kompetitif
Nama SkemaPenelitian Stimulus Dosen
AbstrakThe development of Islamic economy is currently very rapidly developing in various countries, especially Indonesia. One of the development systems of non-bank Islamic institutions is Sharia investment. Sharia investment that is widely loved today is sharia stocks listed in the Jakarta Islamic Index (JII). To measure the level of the stock price index in JII can be seen from internal and external factors (macroeconomics). The macroeconomic variables that make the benchmark in making investment decisions in JII are Sharia Stocks, Inflation, BI rate, and Exchange Rate. This study aims to determine whether there is a determinant influence of the stock price index in the Jakarta Islamic Index (JII) for the 2017-2021 period. This method uses a quantitative approach. The data used is secondary data in the form of time series. Using the Vector Auto Regression (VAR) model technique with Eviwes 10 software. The results of this study show that the exchange rate variable has a significant but negative effect on JII. Simultaneously, the variables of Sharia Stocks, Inflation, and BI rate have no influence on JII in contrast to the Exchange Rate, which significantly negatively affects the stock price index in JII. JII responded positively to sharia stock shocks, inflation, and the BI rate, while the exchange rate responded negatively. The biggest contribution to JII from the study's results was itself, followed by Inflation, Sharia Stocks, and BI rate until the end of the period. Meanwhile, the smallest contribution to JII is the exchange rate.
Pengusul Ahmad Suminto, S.H., M.E.
Anggota 1 Ahmad Suminto, S.H., M.E.
Anggota 2Miftahul Huda
Tahun Penelitian2023
Sumber DanaUNIDA GONTOR
Dana Non DiktiIDR 0,00