Analisa Faktor-Faktor Yang Mempengaruhi Harga Obligasi Bank Muamalat Periode Juli 2008 - Desember 2014

Authors

  • Rosida Dwi Ayuningtyas Program Studi Ekonomi Islam, Fakultas Ekonomi, Universitas Wahid Hasyim
  • Rindang Nuri Isnaini Nugrohowati Fakultas Ekonomi, Universitas Islam Indonesia

DOI:

https://doi.org/10.31942/akses.v10i19.2049

Abstract

The paper attempts to analyze the influence of deposit interest rate, profit sharing, exchange
rate, Jakarta islamic index, financing debt ratio, and return on equity to sharia bond price of
Indonesia muamalat bank period july2008 until December 2014. The model used is error
correction model (ECM), with monthly time series data sourced from Indonesia stock
exchanges, central bank, and financial services authorities. The result of the analysis show
that in the short run, the rupiah exvhange rate against the US dollar has a significant
influence on the sharia bond price of Indonesia muamalat bank with its probability value
0.0068, while the long term Jakarta Islamic index has significant effect with the probability
value 0.0150 to the sharia bond price of the Indonesia muamalat bank in july period 2008
until December 2014
Keywords: Islamic bond, Islamic bank, macroeconomic, ECM model

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Published

2018-01-09

Issue

Vol. 10 No. 19 (2015)

Section

Articles

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