ANALISIS PENGARUH 7 DAY RATE REPO, INFLASI, NILAI TUKAR, DAN PDB TERHADAP INDEKS HARGA SAHAM SEKTOR PROPERTI (STUDI EMPIRIS DI BURSA EFEK INDONESIA)

Abstract

Since the introduction of the new 7-day Repo rate formula in 2016, it will be a signal for
investors, especially the property sector to invest in capital markets. Enforcement is
encouraging the property sector to grow because it is expected the new interest rate formula
with a value lower than before can attract consumers to invest in property. With the
widespread demand for property pushed the performance of property entrepreneurs to
become better in the financial sector. The development of property performance is seen from
the Stock Price Index in the property sector. Researchers test whether the formula along with
other macro variables such as Inflation, Exchange Rate and GDP can affect the valuation of
investors in investment in the capital market, especially in the property sector. Analysis test
that has been done by using statistical method of Multiple Linear Regression Test,
Correlation Coefficient Test, Determination Coefficient Test, F Test and T Test resulted in 7
Days Rate Ratio and exchange rate significantly affect Stock Price Index in property sector
while Inflation and GDP did not influence Stock Price Index of property sector, but
simultaneously produce variable 7 Day Rate Repo, Inflation, exchange rate and GDP effect
on Stock Price Index in property sector.