PENGARUH DOW JONES ISLAMIC MARKET INDEX (DJIMI), NILAI TUKAR/KURS RUPIAH DAN HARGA MINYAK DUNIA TERHADAP PERGERAKAN JAKARTA ISLAMIC INDEX (JII) 2014 - 2018
DOI:
https://doi.org/10.30829/hf.v7i1.5644Keywords:
Dow Jones Islamic Markat Index (DJIMI), Kurs, Harga Minyak Dunia, Jakarta Islamic Index (JII)Abstract
AbstractThis study aims to empirically investigate the effect of the Dow Jones Islamic Market Index (DJIMI), Exchange Rate, and World Oil Prices on the movements of the Jakarta Islamic Index (JII). This research uses quantitative research methods, using multiple linear regression analysis models. Data collection uses secondary data from documentation related data. Data is taken from the monthly closing price of each variable from 2014-2018 (60 months). The research test uses the t test and F test and is processed using SPSS16. The results showed that DJIMI, Exchange Rate, and World Oil Prices had a significant effect on JII both partially and simultaneously.Keywords: Dow Jones Islamic Market Index (DJIMI), Exchange Rate, World Oil Price, Jakarta Islamic Index (JII) AbstrakPenelitian ini bertujuan untuk mengetahui secara empiris pengaruh Dow Jones Islamic Market Index (DJIMI), Kurs, dan Harga Minyak Dunia terhadap pergerakan Jakarta Islamic Index (JII). Penelitian ini menggunakan metode penelitian kuantitatif, dengan menggunakan model analisis regresi linear berganda. Pengumpulan data menggunakan data sekunder dari dokumentasi data terkait. Data diambil dari harga penutupan bulanan masing-masing variabel dari tahun 2014-2018 (60 bulan). Pengujian penelitian menggunakan uji t dan uji F dan diolah menggunakan SPSS16. Hasil penelitian menunjukkan DJIMI, Kurs, dan Harga Minyak Dunia berpengaruh signifikan terhadap JII baik secara parsial maupun secara simultan.Kata Kunci: Dow Jones Islamic Markat Index (DJIMI), Kurs, Harga Minyak Dunia, Jakarta Islamic Index (JII)References
Buku
Hariyani, I.Purnomo, R.S.D. "Buku Pintar Hukum Bisnis Pasar Modal: Strategi Tepat Investasi Saham, Obligasi, Waran, Righ, Opsi Reksadana dan Produk Pasar Modal Syariah". Jakarta: Visimedia. 2010.
Lipsey, Richard G. Pengantar Makro Ekonomi, Edisi Kesepuluh Jilid 1, Binapura Aksara: Jakarta, 1998.
Mishkin, F.S. (2008). Ekonomi Uang, Perbankan dan Pasar Keuangan. Jakarta: Salemba Empat.
Suharyadi & Purwanto. 2013. Statistika untuk Ekonomi dan Keuangan Modern. Jakarta: Salemba Empat.
Sujarweni, Wiratna. 2014. SPSS Untuk Penelitian. Yogyakarta: Pustaka Baru Press.
Tandelilin, Eduardus. 2007. Analisis Investasi dan Manajemen Portofolio. Yogyakarta: BPFE.
Tesis
Christiawan, Alexander Hery. 2010. Tesis. Analisis Pengaruh Kondisi Makro ekonomi Amerika Serikat dan Harga Minyak dunia terhadap Dow Jones Industrial Average serta Pengaruh Kondisi Makro Ekonomi Indonesia, Harga Minyak Dunia dan Dow Jones Industrial Average terhadap Bursa Efek Indonesia (BEI) Periode 2002 - 2009. Semarang: Universitas Diponegoro.
Witjaksono, Ardian Agung. 2010. Tesis. Analisis Pengaruh Tingkat Suku Bunga SBI, Harga Minyak Dunia, Harga Emas Dunia, Kurs Rupiah, Indeks Nikkei 225, dan Indeks Dow Jones terhadap IHSG (studi kasus pada IHSG di BEI selama periode 2000-2009). Magister Manajemen. Universitas Diponegoro: Semarang.
Jurnal Nasional
Fitriyanti dan Herlambang. 2016. Analisis Pengaruh Variabel Makroekonomi dan Harga Komoditas terhadap Jakarta Islamic Index (JII). Jurnal Ekonomi Syariah dan Terapan. Vo. 3 No. 9, September 2016. Universitas Airlangga Surabaya.
Haryogo, Adi. Pengaruh Nilai Tukar dan Indeks Dow Jones terhadap Composite Index di Bursa Efek Indonesia. Jurnal FINESTA Vol. 1 No. 1, 2013.
Oktaviani, R F. 2017. Indeks Harga Saham Islamic Internasional terhadap Jakarta Islamic Index. Jurnal Ekonomika dan Manajemen Vol. 6 No. 1 April 2017.
Prathama, Y C. 2012. Pengaruh Indeks Regional Terhadap Jakarta Islamic Index (JII). Jurnal Etikonomi Vol.11 No. 2 Oktober 2012.
Pratikno, Deddy. 2009. Analisis Pengaruh nilai Tukar Rupiah, Inflasi, SBIdan Indeks Dow Jones Terhadap Pergerakan IHSG(IHSG) Di BEI (BEI). Jurnal Economic Universitas Sumatra Utara Medan, pp: 16-99.
Saputra, M Nasyah Agus. 2016. Rekonstruksi Keputusan Ketua Bapepam dan Lembaga Keuangan Nomor: KEP-180/BL/2009 Tentang Kriteria dan Penerbitan Daftar Efek Syariah (Perbandingan dengan Guide to The Dow Jones Islamic Market Indexes). Jurnal Masharif Al Syaariah - Jurnal Perbankan Syariah. Vo. 1 No. 1 Mei 2016. Universitas Muhammadiyah Surabaya.
Sartika, Umi. 2017. Pengaruh Inflasi, Tingkat Suku Bunga, Kurs, Harga Minyak Dunia, dan Harga Emas Dunia terhadap IHSG dan JII di Bursa Efek Indonesia. Jurnal Akuntansi dan Bisnis Vol.2 No. 2, November 2017. Universitas Muhammadiyah Palembang.
Jurnal Internasional
Aydemir, Oguzhan & Erdal Demirham. 2009. The Relationship between Stock Prices and Exchange Rates Evidence from Turkey. International Research Journal of Finance and Economics. Isuue 23. 2009. Euro Journal Publishing, Inc. 2009.
Jamil, Maheen & Naeem Ullah. 2013. Impact of Foreign Exchange Rate on Stock Prices. IOSR Journal of Business and Management (IOSR-JBM). Vol 7 Issue 3 (Jan-Feb 2013). Pakistan.
Kafou, Ali & Ahmed Chakir. 2015. "The Day of the Week Effect on Islamic Stock Market Returns : Evidence from Dow Jones Islamic Market Index". Journal of Islamic Economics, Banking and Finance. Vo, 11 No.3, July-September 2015.
Sadorsky, Perry. 1999. Oil Price Shocks and Stock Market Activity. Energy Economics 21. Elsevier.
Suriani, dkk. 2015. "Impact of Exchange Rate on Stock Market". International Journal of Economics and Financial Issues. Vol. 5. 2nd AFAP INTERNATIONAL CONFERENCE ON ENTREPRENEURSHIP AND BUSINESS MANAGEMENT (AICEBM 2015),10-11 January 2015, Universiti Teknologi Malaysia, Kuala Lumpur, Malaysia.
Website
Bernd Hayo and Ali M. Kutan, 2004, "The Impact of News, Oil Prices, and Global Market Developments on Russian Financial Markets". Available: www.ideas.repec.org
Bursa Efek Indonesia (BEI) www.bi.go.id
Lutz Kilian and Cheolbeom Park, 2007, " The Impact of Oil Price Shocks on the U.S. Stock Market". Available: www.ideas.repec.or.
Otortitas Jasa Keuangan (OJK) www.ojk.go.id
www.bareksa.com
www.market.bisnis.com
www.indexmundi.com
Downloads
Published
Issue
Section
License
Authors who publish with this journal agree to the following terms:
- Authors retain copyright and grant the journal right of first publication with the work simultaneously licensed under a Creative Commons Attribution License that allows others to share the work with an acknowledgement of the work's authorship and initial publication in this journal.
- Authors are able to enter into separate, additional contractual arrangements for the non-exclusive distribution of the journal's published version of the work (e.g., post it to an institutional repository or publish it in a book), with an acknowledgement of its initial publication in this journal.
- Authors are permitted and encouraged to post their work online (e.g., in institutional repositories or on their website) prior to and during the submission process, as it can lead to productive exchanges, as well as earlier and greater citation of published work (See The Effect of Open Access).
HUMAN FALAH: Jurnal Ekonomi dan Bisnis Islam have CC-BY-SA or an equivalent license as the optimal license for the publication, distribution, use, and reuse of scholarly work.
In developing strategy and setting priorities, HUMAN FALAH: Jurnal Ekonomi dan Bisnis Islam recognize that free access is better than priced access, libre access is better than free access, and libre under CC-BY-SA or the equivalent is better than libre under more restrictive open licenses. We should achieve what we can when we can. We should not delay achieving free in order to achieve libre, and we should not stop with free when we can achieve libre.
HUMAN FALAH: Jurnal Ekonomi dan Bisnis Islam is licensed under a Creative Commons Attribution 3.0 International License
You are free to:
- Share — copy and redistribute the material in any medium or format
- Adapt — remix, transform, and build upon the material for any purpose, even commercially.
