PENGARUH TINGKAT SUKU BUNGA, NILAI KURS, DAN INFLASI TERHADAP INDEKS HARGA SAHAM GABUNGAN DI BURSA EFEK INDONESIA PERIODE TAHUN 2005-2010

Abstrak

Investors need information as a basis for making investment decisions on a particular company. Stock is a form of ownership of the company. Dividends or capital gains would be obtained if a person has ownership of the shares of a company going public. Investments in shares of publicly traded companies classified as high risk because it is very sensitive to changes, whether the changes that occurred abroad and at home, changes in political, economic, monetary, laws or regulations, changes in the industry as well as internal changes company. The change-the change can be positive or negative impact. Of research on the influence of interest rates, exchange rates, and inflation of stock price index in Indonesia Stock Exchange in 2005-2010 can be concluded as follows: Taken together there is a significant effect between interest rates, exchange rates, and inflation on composite stock price index in Indonesia Stock Exchange. Variable interest rates are negative and significant effect on stock prices or in other words, the rise and fall in interest rates will affect the stock price. There are negative and significant influence of the exchange rate of the composite stock price index in Indonesia Stock Exchange 2005-2010 period. Variable inflation in Indonesia Stock Exchange (BEI) in the period 2005-2010 did not significantly affect stock prices or in other words, the rise and fall of inflation rate has no effect on the composite stock price index. Keywords: interest rates, exchange rates, and inflation of stock price index