Factors Affecting Joint Stock Price Index (CSPI) and the Impact of Foreign Capital Investment (PMA) Period 2009 to 2016

Abstract

This study aims to analyze Factors Affecting Composite Stock Price Index (IHSG) and Its Impact on Foreign Investment (PMA) Period 2009 Up By 2016. Based on the sample requirements, there are 32 samples in each research variable during the first Quarter 2009 until the fourth Quarter of 2016. Data analysis was performed using multiple linear regression analysis. The results showed that the exchange rate and Dow Jones Index gave positive and significant influence to the Composite Stock Price Index (IHSG), Inflation and BI Rate did not significantly affect the Composite Stock Price Index (IHSG), Composite Stock Price Index (IHSG) Significant and significant impact on the Stock Price Index (IHSG), Exchange Rate and Dow Jones Index have a positive and significant impact on Foreign Direct Investment (PMA), Inflation Rate, Exchange Rate, BI Rate and Dow Jones Index simultaneously Foreign Direct Investment (PMA), the BI Rate has a negative and significant effect on Foreign Investment (PMA), the Inflation Rate has no significant effect on Foreign Investment (PMA), Inflation Rate, Exchange Rate, BI Rate, Dow Jones Index, and Price Index Joint Stocks (JCI) simultaneously (simultaneously) have a significant effect on Foreign Investment (PMA).