ANALISIS PENGARUH INDEKS SAHAM GLOBAL DAN MAKRO EKONOMI TERHADAP INDEKS HARGA SAHAM GABUNGAN DI BURSA EFEK INDONESIA TAHUN 2018 DENGAN KINERJA KEUANGAN EMITEN SEBAGAI VARIABEL MODERATING

Abstract

This study aimed to examine and analyze the Global Stock Index and
Macroeconomic on Jakarta Composite Index with P/E ratio as moderating
variable. This study was conducted in Indonesia Stock Exchange.
The data used are all emiten listed on the Indonesia Stock Exchange for the
period January 2009 - December 2018 that used Census Sample technique. This
is explanatory research with the variables used by NYSE, SSEC, Exchange Rate,
Inflation and WTI Oil as independent variables, Jakarta Composite Index as
dependent variable and P/E ratio as moderating variable. The analysis used is the
Moderated Regression Analysis Technique.
The results of this study conclude that NYSE has a influence significant
positive, SSEC has a influence significant negative, Exchange rate is not influence
significant, Inflation is not influence significant, WTI Oil is not influence
significant to Jakarta Composite Index. P/E ratio can not moderate the NYSE
variable, Exchange rate, Inflation and WTI Oil to Jakarta Composite Index, but
the P/E ratio can moderate SSEC variable to Jakarta Composite Index.