ANALISIS PENGARUH EKONOMI MAKRO TERHADAP RETURN SAHAM PADA PERUSAHAAN SUB SEKTOR PARIWISATA, HOTEL, DAN RESTORAN SEBELUM DAN SAAT PANDEMI COVID-19

DIANI, SEKAR ARUM (2023) ANALISIS PENGARUH EKONOMI MAKRO TERHADAP RETURN SAHAM PADA PERUSAHAAN SUB SEKTOR PARIWISATA, HOTEL, DAN RESTORAN SEBELUM DAN SAAT PANDEMI COVID-19. S1 thesis, Universitas Mercu Buana Jakarta.

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Abstract

This study aims to test the ability level of the Arbitrage Pricing Theory (APT) model in predicting Stock Returns in the Tourism, Hotel and Restaurant Sub Sector before and after the Covid-19 pandemic for the 2018 – 2021 period. The Arbitrage Pricing Theory (APT) model accommodates sources of risk that more varied, namely systematic risk in the form of macroeconomic conditions in Indonesia. The macroeconomic variables used in this study are the Inflation Rate, IDR/USD Exchange Rate, Economic Growth, and Interest Rates (BI7DRR) as independent variables and found that these factors can explain the movement of stock returns. The data collection method used is secondary data or data that is already available on the website of the Central Statistics Agency (BPS). The results in this study show that there is a significant relationship between Economic Growth (IPI) and Interest Rates on stock returns, in contrast to the results of Inflation, Exchange Rates, and the Covid-19 Pandemic which show that results have no effect on stock returns. Keywords: Macroeconomics, Arbitrage Pricing Theory (APT), Inflation Rate, IDR/USD Exchange Rate, Economic Growth, Interest Rate (BI7DRR), Stock Return, Pandemic. Pengujian ini bertujuan untuk menguji tingkat kemampuan model Arbitrage Pricing Theory (APT) dalam memprediksi Return Saham pada Sub Sektor Pariwisata, Hotel, dan Restoran sebelum dan sesudah pandemi Covid-19 periode 2018 – 2021. Model Arbitrage Pricing Theory (APT) mengakomodir sumber risiko yang lebih bervariasi, yaitu systematic risk yang berupa kondisi ekonomi makro di Indonesia. Variabel Ekonomi Makro yang digunakan dalam penelitian ini adalah Laju Inflasi, Nilai Tukar IDR/USD, Pertumbuhan Ekonomi, dan Suku Bunga (BI7DRR) sebagai variabel independen dan menemukan bahwa faktor-faktor ini dapat menjelaskan pergerakan return saham. Metode pengumpulan data yang digunakan adalah data sekunder atau data yang sudah tersedia dalam website Badan Pusat Ststistik (BPS). Hasil dalam penelitian ini menunjukan bahwa adanya hubungan signifikan antara Pertumbuhan Ekonomi (IPI) dan Suku Bunga terhadap return saham, berbeda dengan hasil Inflasi, Nilai Tukar, dan Pandemi Covid-19 yang menunjukan bahwa hasil tidak berpengaruh terhadap return saham. Kata Kunci : Makroekonomi, Arbitrage Pricing Theory (APT), Laju Inflasi, Nilai Tukar IDR/USD, Pertumbuhan Ekonomi, Suku Bunga (BI7DRR), Return Saham, Pandemi.

Item Type:	Thesis (S1)
Call Number CD:	FE/MJ. 23 393
Call Number:	SE/31/23/437
NIM/NIDN Creators:	43118010119
Uncontrolled Keywords:	Makroekonomi, Arbitrage Pricing Theory (APT), Laju Inflasi, Nilai Tukar IDR/USD, Pertumbuhan Ekonomi, Suku Bunga (BI7DRR), Return Saham, Pandemi.
Subjects:	100 Philosophy and Psychology/Filsafat dan Psikologi > 150 Psychology/Psikologi > 154 Subconscious and Altered States and Process/Psikologi Bawah Sadar > 154.6 Sleep Phenomena/Fenomena Tidur > 154.63 Dreams/Mimpi > 154.634 Analysis/Analisis 300 Social Science/Ilmu-ilmu Sosial > 330 Economics/Ilmu Ekonomi 300 Social Science/Ilmu-ilmu Sosial > 330 Economics/Ilmu Ekonomi > 338 Production, Industrial Economics/Produksi, Ekonomi Industri > 338.7 Joint Ventures/Perusahaan Bersama 300 Social Science/Ilmu-ilmu Sosial > 330 Economics/Ilmu Ekonomi > 339 Macroeconomics and Related Topics/Makroekonomi, Ekonomi Makro dan Topik Terkait 300 Social Science/Ilmu-ilmu Sosial > 330 Economics/Ilmu Ekonomi > 339 Macroeconomics and Related Topics/Makroekonomi, Ekonomi Makro dan Topik Terkait > 339.5 Macroeconomics Policy/Kebijakan Makroekonomi, Kebijakan Ekonomi Makro
Divisions:	Fakultas Ekonomi dan Bisnis > Manajemen
Depositing User:	khalimah
Date Deposited:	15 Nov 2023 04:11
Last Modified:	15 Nov 2023 04:11
URI:	http://repository.mercubuana.ac.id/id/eprint/84112

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