IJSTR

International Journal of Scientific & Technology Research

IJSTR@Facebook IJSTR@Twitter IJSTR@Linkedin
Home About Us Scope Editorial Board Blog/Latest News Contact Us
CALL FOR PAPERS
AUTHORS
DOWNLOADS
CONTACT
QR CODE
IJSTR-QR Code

IJSTR >> Volume 7 - Issue 6, June 2018 Edition



International Journal of Scientific & Technology Research  
International Journal of Scientific & Technology Research

Website: http://www.ijstr.org

ISSN 2277-8616



The Determinant Of The Indonesia Composite Stock Price Index And Its Implication To Indonesia Foreign Direct Investment For Manufactur Sector

[Full Text]

 

AUTHOR(S)

Rafiqoh, Syarifah Hudayah, Ardi Parminto, Sugeng Haryadi

 

KEYWORDS

exchange rate, financial risk, minimum wage, Dow Jones stock price index, the Indonesia composite stock price index, and foreign direct investment.

 

ABSTRACT

The research objectives are to build a structural model the determinant of the Indonesia composite stock price index and its implication to Indonesia foreign direct investment specificly manufactor sector. There are 6 variables need to be built such as exchange rate, financial risk, minimum wage, Dow Jones stock price index, the Indonesia composite stock price index and the Indonesia foreign direct investment for manufactur sector and supported by 16 time series data from 1999 to 2016. The method of this research is path analysis which implemented 6 steps of Partial Least Square software instrument. The result proved that exchange rate, Dow Jones price index and minimum wage have influence significantly to the Indonesia composite stock price index, and only financial risk hasn.t a significant influence to the Indonesia composite stock price index. It is proved that exchange rate, financial risk, Dow Jones price index have a significant influence to sector manufactur of Indonesia foreign direct investment, while the Indonesia composite stock price index has no a significant influence to influence to sector manufactur of Indonesia foreign direct investment

 

REFERENCES

[1] Ball., Geringer., Minor., McNett, 2014, Bisnis Internasional, Buku I, Edisi 12, Jakarta: Penerbit Salemba Empat

[2] Bouchaud, Jean-Philippe., dan Potters, Marc., 2003, Theory of Financial Risk and Derivative Pricing, From Statistical Physics to Risk Management second edition, United Kingdom: Cambridge University Press

[3] Case, Karl E dan Fair, Ray C., 2002, Prinsip-prinsip Ekonomi Makro, Jakarta: Penerbit PT Prenhalindo

[4] Day, Alastair L., 2009, Mastering Risk Modeling, A practical guide to modelling uncertainty with Microsoft® Excel, Second edition, Great Britain : Financial Times Prentice Hall

[5] Fabozzi, Frank J., 2000, Manajemen Investasi, Buku Dua, Jakarta: Salemba Empat

[6] Fahmi, Irham., 2014, Manajemen Risiko. Teori, Kasus dan Solusi, Cetakan Keempat, Penerbit Alfabbeta, Bandung

[7] Hill, Charles W.L., 2007, International Business, Competing in the Global Marketplace, New York: Published by Mc Graw-Hill/Irwin

[8] Keown, Arthur J., Martin, John D., Petty, J. William., Scott JR, David F., 2011, Prinsip dan Penerapan Manajemen Keuangan, Jilid 1, Edisi Kesepuluh, Jakarta: PT Indeks
[9] Madura, Jeff., 2015, International Financial Management, 12th Edition, USA : Cengage Learning

[10] Noor, Henry Faizal., 2009, Investasi, Pengelolaan Keuangan Bisnis dan Pengembangan Ekonomi Masyarakat, Jakarta: PT. Malta Pritindo

[11] Nurachmad, Much, 2009, Cara menghitung upah pokok, uang lembur, pesangon, & dana pensiun untuk pegawai dan perusahaan, Jakarta:Visimedia

[12] Reilly, Frank K. dan Brown, Keith C. 2003, Investment Analysis & Portofolio Management, Seventh Edition, USA: South Western a division of Thomson Learning Ohio

[13] Smith, Jay M., dan Skousen, K. Fred., 2005, Akuntansi Intermediate, Cetakan Kelima, Jilid 1, Edisi ke Sembilan, Jakarta: Penerbit Erlangga

[14] Sukirno, Sadono., 2011, Makroekonomi Teori Pengantar, Edisi Ketiga, Jakarta: PT RajaGrafindo Persada.

[15] Tandelilin, Eduardus., 2010, Teori dan Investasi Portofolio dan Investasi, Edisi Pertama, Yogyakarta: Kanisius