DAMPAK INFLASI TERHADAP FLUKTUASI HARGA SAHAM PERBANKAN DI INDONESIA: ANALISIS DATA TAHUN 2017–2023
Keywords:
Inflasi,, Harga Saham,, Perbankan,, E-Views
Abstract
Penelitian ini menganalisis dampak inflasi terhadap fluktuasi harga saham perbankan yang terdaftar di Bursa Efek Indonesia (BEI) selama periode 2017–2023. Inflasi tinggi memengaruhi sektor perbankan melalui peningkatan suku bunga, penurunan daya beli masyarakat, dan peningkatan risiko gagal bayar kredit, yang menekan kinerja bank. Hasil analisis data menunjukkan bahwa inflasi memiliki pengaruh negatif terhadap harga saham perbankan, menyebabkan investor mengurangi eksposur mereka terhadap saham tersebut. Temuan ini menekankan pentingnya pengelolaan risiko dan strategi investasi yang hati-hati di tengah inflasi tinggi serta perlunya kebijakan moneter yang stabil untuk menjaga kestabilan pasar saham perbankan.
References
Alzoubi, M. (2022). Stock Market Performance: Reaction To Interest Rates And Inflation Rates. Banks And Bank Systems, 17(2), 189–198. Https://Doi.Org/10.21511/Bbs.17(2).2022.16
Amrial, Mikail, A., & Arundina, T. (2019). Implementation Of Dual Monetary Policy And Its Relevance To Inflation And Unemployment In The Phillips Curve Context In Indonesia. International Journal Of Islamic And Middle Eastern Finance And Management, 12(5), 680–697. Https://Doi.Org/10.1108/Imefm-11-2018-0398
Anne, A. (2024). Effects Of Selected Macroeconomic Variables On Market Capitalization Of Nairobi, Kenya. The International Journal Of Humanities & Social Studies. Https://Doi.Org/10.24940/Theijhss/2024/V12/I3/Hs2403-002
Bayat, T., Kayhan, S., & Taşar, İ. (2018). Re-Visiting Fisher Effect For Fragile Five Economies. Journal Of Central Banking Theory And Practice, 7(2), 203–218. Https://Doi.Org/10.2478/Jcbtp-2018-0019
Brown, S. J., Dybvig, P. H., Goetzmann, W. N., & Ingersoll, J. E. (2021). The Contributions Of Stephen A. Ross To Financial Economics. Annual Review Of Financial Economics, 13(1), 1–14. Https://Doi.Org/10.1146/Annurev-Financial-012921-053116
Carassus, L., & Rásonyi, M. (2020). Risk-Neutral Pricing For Arbitrage Pricing Theory. Journal Of Optimization Theory And Applications, 186(1), 248–263. Https://Doi.Org/10.1007/S10957-020-01699-6
Cortés, R. L. De G., Porras, S. T., & Monte, E. (2019). Neural Networks Principal Component Analysis For Estimating The Generative Multifactor Model Of Returns Under A Statistical Approach To The Arbitrage Pricing Theory. Evidence From The Mexican Stock Exchange. Computación Y Sistemas, 23(2). Https://Doi.Org/10.13053/Cys-23-2-3193
Daariy, A., Djamaluddin, S., & Sumarto, A. H. (2023). Macroeconomic Factors And Stock Returns: An Approach Of Arbitrage Pricing Theory In The Food And Beverage Industry. Journal Of Economics Finance And Management Studies, 06(01). Https://Doi.Org/10.47191/Jefms/V6-I01-47
Iradilah, S., & Tanjung, A. A. (2022). Pengaruh Inflasi Dan Suku Bunga Terhadap Harga Saham Pada Perusahaan Perbankan Yang Terdaftar Di Bei. Ekonomi, Keuangan, Investasi Dan Syariah (Ekuitas), 4(2), 420–428.
Jaya, A. H., Tolla, T. S., Syatir, A., Nasruddin, A., Sari, N., & Anam, H. (2021). Interest Rates And Inflation As Determining Factors Of Saving In Central Sulawesi Banks. Universal Journal Of Accounting And Finance, 9(4), 531–541. Https://Doi.Org/10.13189/Ujaf.2021.090401
Miasary, S. D. (2023). Penentuan Return Saham Syariah Dengan Arbitrage Pricing Theory (Apt) Melalui Pendekatan Vector Autoregressive (Var). Jurnal Axioma Jurnal Matematika Dan Pembelajaran, 8(2), 124–134. Https://Doi.Org/10.56013/Axi.V8i2.1433
Rachmawati, Y. (2019). Pengaruh Inflasi Dan Suku Bunga Terhadap Harga Saham Pada Perusahaan Perbankan Yang Terdaftar Di Lq45 Bursa Efek Indonesia. Jurnal Media Akuntansi (Mediasi), 1(1), 66–79.
Sari, L., Ananda, F., Zulfia, D., Rivandi, M., & Dewi, M. K. (2023). Spread Based Meningkatkan Laba Perusahaan Perbankan Di Indonesia. Jurnal Revenue: Jurnal Ilmiah Akuntansi, 4(1), 398–404.
Sari, L., Rahmadani, A., & Septiano, R. (2023). Pengaruh Current Ratio Dan Return On Asset Terhadap Harga Saham Perusahaan Manufaktur.
Sari, L., & Septiano, R. (2024a). Efek Pajak Pada Nilai Perusahaan: Analisis Strategi Pengelolaan Pajak. Journal Of Social And Economics Research, 6(1), 1437–1444.
Sari, L., & Septiano, R. (2024b). Inflasi Terhadap Laba Perusahaan Perbankan Di Indonesia. Jurnal Revenue: Jurnal Ilmiah Akuntansi, 4(2), 804–813.
Sathyanarayana, S., & Gargesa, S. (2018). An Analytical Study Of The Effect Of Inflation On Stock Market Returns. Ira-International Journal Of Management & Social Sciences (Issn 2455-2267), 13(2), 48. Https://Doi.Org/10.21013/Jmss.V13.N2.P3
Septiano, R., & Sari, L. (2024). Perubahan Net Profit Margin Dan Dampaknya Terhadap Harga Saham: Tinjauan Pada Industri Makanan Dan Minuman. Jurnal Revenue: Jurnal Ilmiah Akuntansi, 4(2), 731–738.
Sinaga, J. S., Muda, I., & Silalahi, A. S. (2020). The Effect Of Bi Rate, Exchange Rate, Inflation And Third Party Fund (Dpk) On Credit Distribution And Its Impact On Non Performing Loan (Npl) On Xyz Commercial Segment Bank. Universal Journal Of Accounting And Finance, 8(3), 55–64. Https://Doi.Org/10.13189/Ujaf.2020.080301
Song, G. (2020). The Drivers Of The Great Bull Stock Market Of 2015 In China: Evidence And Policy Implications. Journal Of Chinese Economic And Business Studies, 18(2), 161–181. Https://Doi.Org/10.1080/14765284.2020.1796409
Sugiyono. (2017). Metode Penelitian Bisnis (S. Yudistiyani (Ed.)).
Wijaya, I., & Isnani, N. (2019). Pengaruh Efisiensi Modal Kerja, Likuditas, Dan Solvabilitas Terhadap Profitabilitas Perusahaan Farmasi. Jurnal Online Insan Akuntan, 4(2), 147–156.
Amrial, Mikail, A., & Arundina, T. (2019). Implementation Of Dual Monetary Policy And Its Relevance To Inflation And Unemployment In The Phillips Curve Context In Indonesia. International Journal Of Islamic And Middle Eastern Finance And Management, 12(5), 680–697. Https://Doi.Org/10.1108/Imefm-11-2018-0398
Anne, A. (2024). Effects Of Selected Macroeconomic Variables On Market Capitalization Of Nairobi, Kenya. The International Journal Of Humanities & Social Studies. Https://Doi.Org/10.24940/Theijhss/2024/V12/I3/Hs2403-002
Bayat, T., Kayhan, S., & Taşar, İ. (2018). Re-Visiting Fisher Effect For Fragile Five Economies. Journal Of Central Banking Theory And Practice, 7(2), 203–218. Https://Doi.Org/10.2478/Jcbtp-2018-0019
Brown, S. J., Dybvig, P. H., Goetzmann, W. N., & Ingersoll, J. E. (2021). The Contributions Of Stephen A. Ross To Financial Economics. Annual Review Of Financial Economics, 13(1), 1–14. Https://Doi.Org/10.1146/Annurev-Financial-012921-053116
Carassus, L., & Rásonyi, M. (2020). Risk-Neutral Pricing For Arbitrage Pricing Theory. Journal Of Optimization Theory And Applications, 186(1), 248–263. Https://Doi.Org/10.1007/S10957-020-01699-6
Cortés, R. L. De G., Porras, S. T., & Monte, E. (2019). Neural Networks Principal Component Analysis For Estimating The Generative Multifactor Model Of Returns Under A Statistical Approach To The Arbitrage Pricing Theory. Evidence From The Mexican Stock Exchange. Computación Y Sistemas, 23(2). Https://Doi.Org/10.13053/Cys-23-2-3193
Daariy, A., Djamaluddin, S., & Sumarto, A. H. (2023). Macroeconomic Factors And Stock Returns: An Approach Of Arbitrage Pricing Theory In The Food And Beverage Industry. Journal Of Economics Finance And Management Studies, 06(01). Https://Doi.Org/10.47191/Jefms/V6-I01-47
Iradilah, S., & Tanjung, A. A. (2022). Pengaruh Inflasi Dan Suku Bunga Terhadap Harga Saham Pada Perusahaan Perbankan Yang Terdaftar Di Bei. Ekonomi, Keuangan, Investasi Dan Syariah (Ekuitas), 4(2), 420–428.
Jaya, A. H., Tolla, T. S., Syatir, A., Nasruddin, A., Sari, N., & Anam, H. (2021). Interest Rates And Inflation As Determining Factors Of Saving In Central Sulawesi Banks. Universal Journal Of Accounting And Finance, 9(4), 531–541. Https://Doi.Org/10.13189/Ujaf.2021.090401
Miasary, S. D. (2023). Penentuan Return Saham Syariah Dengan Arbitrage Pricing Theory (Apt) Melalui Pendekatan Vector Autoregressive (Var). Jurnal Axioma Jurnal Matematika Dan Pembelajaran, 8(2), 124–134. Https://Doi.Org/10.56013/Axi.V8i2.1433
Rachmawati, Y. (2019). Pengaruh Inflasi Dan Suku Bunga Terhadap Harga Saham Pada Perusahaan Perbankan Yang Terdaftar Di Lq45 Bursa Efek Indonesia. Jurnal Media Akuntansi (Mediasi), 1(1), 66–79.
Sari, L., Ananda, F., Zulfia, D., Rivandi, M., & Dewi, M. K. (2023). Spread Based Meningkatkan Laba Perusahaan Perbankan Di Indonesia. Jurnal Revenue: Jurnal Ilmiah Akuntansi, 4(1), 398–404.
Sari, L., Rahmadani, A., & Septiano, R. (2023). Pengaruh Current Ratio Dan Return On Asset Terhadap Harga Saham Perusahaan Manufaktur.
Sari, L., & Septiano, R. (2024a). Efek Pajak Pada Nilai Perusahaan: Analisis Strategi Pengelolaan Pajak. Journal Of Social And Economics Research, 6(1), 1437–1444.
Sari, L., & Septiano, R. (2024b). Inflasi Terhadap Laba Perusahaan Perbankan Di Indonesia. Jurnal Revenue: Jurnal Ilmiah Akuntansi, 4(2), 804–813.
Sathyanarayana, S., & Gargesa, S. (2018). An Analytical Study Of The Effect Of Inflation On Stock Market Returns. Ira-International Journal Of Management & Social Sciences (Issn 2455-2267), 13(2), 48. Https://Doi.Org/10.21013/Jmss.V13.N2.P3
Septiano, R., & Sari, L. (2024). Perubahan Net Profit Margin Dan Dampaknya Terhadap Harga Saham: Tinjauan Pada Industri Makanan Dan Minuman. Jurnal Revenue: Jurnal Ilmiah Akuntansi, 4(2), 731–738.
Sinaga, J. S., Muda, I., & Silalahi, A. S. (2020). The Effect Of Bi Rate, Exchange Rate, Inflation And Third Party Fund (Dpk) On Credit Distribution And Its Impact On Non Performing Loan (Npl) On Xyz Commercial Segment Bank. Universal Journal Of Accounting And Finance, 8(3), 55–64. Https://Doi.Org/10.13189/Ujaf.2020.080301
Song, G. (2020). The Drivers Of The Great Bull Stock Market Of 2015 In China: Evidence And Policy Implications. Journal Of Chinese Economic And Business Studies, 18(2), 161–181. Https://Doi.Org/10.1080/14765284.2020.1796409
Sugiyono. (2017). Metode Penelitian Bisnis (S. Yudistiyani (Ed.)).
Wijaya, I., & Isnani, N. (2019). Pengaruh Efisiensi Modal Kerja, Likuditas, Dan Solvabilitas Terhadap Profitabilitas Perusahaan Farmasi. Jurnal Online Insan Akuntan, 4(2), 147–156.
Published
2025-01-16
How to Cite
Laynita Sari, Renil Septiano, & Budi Pramadian. (2025). DAMPAK INFLASI TERHADAP FLUKTUASI HARGA SAHAM PERBANKAN DI INDONESIA: ANALISIS DATA TAHUN 2017–2023. Journal of Social and Economics Research, 6(2), 1014-1023. https://doi.org/10.54783/jser.v6i2.739
Section
Articles
