CD Skripsi
Pengaruh Return Sertifikat Bank Indonesia Syariah, Nilai Tukar Rupiah, Dan Jumlah Uang Beredar (M2) Terhadap Nilai Kapitalisasi Indeks Saham Syariah Indonesia (Issi) Periode (Q1) 2012- (Q4) 2018
This study aimed to analyze the return effect of sharia Indonesia bank certificates, rupiah exchange rate, and money supply (M2) toward capitalization value of Indonesian Sharia Stock Index (ISSI) for the period (Q1) 2012 - (Q4) 2018. The method use in study is a model error correction model (ECM) that supported by Eviews 10, to measure the effect of macroeconomic variables on Indonesian Sharia Stock Index in the long term and short term.
The conclusion is, the long-run all variables have a significant effect, where Indonesian Sharia Stock Index (ISSI) is positively affected by return of sharia Indonesia bank certificates and money supply (M2), and negatively affected by exchange rate. In the short-term, Indonesian Sharia Stock Index (ISSI) is negatively affected by return of sharia Indonesia bank certificates and exchange rate, and positively affected by money supply (M2).
Keywords: Return Of Sharia Indonesia Bank Certificates, Rupiah Exchange Rate, Money Supply (M2), Capitalization Value Of Indonesian Sharia Stock Index (ISSI).
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