Determinant of Indonesian Sharia Stock Index During the Covid-19 Pandemic

Yogi Fiqi Machsan, Inda Fresti Puspitasari

Abstract


This research was motivated by the Covid-19 pandemic that spread in 2020 which caused a health crisis, causing a fall in stocks in the Indonesian capital market. The purpose of this study is to see changes in ISSI during the Covid-19 pandemic and whether they are influenced by variables such as inflation, exchange rate, money supply (JUB), BI Rate, world oil price (OIL), and world gold price (GOLD). This study used an Ordinary Least Square (OLS) based multiple linear regression method using Eviews10 data processing software. The data used in this study is secondary data in the form of a monthly time series with a total of 34 observations. From the validity test results, it was obtained that the variables of inflation, exchange rate, JUB and OIL had a significant effect on ISSI, while the BI Rate and GOLD variables do not have a significant effect on ISSI.

Keywords


Determinant, Indonesian Sharia Stock Index During

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References


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DOI: https://doi.org/10.30596/miceb.v1i0.280

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