DAMPAK KREDIBILITAS KEBIJAKAN FISKAL TERHADAP INDEKS HARGA SAHAM GABUNGAN DI INDONESIA

KHALIDA N.U, ANGGIA NOOR (2016) DAMPAK KREDIBILITAS KEBIJAKAN FISKAL TERHADAP INDEKS HARGA SAHAM GABUNGAN DI INDONESIA. S1 thesis, Universitas Negeri Jakarta.

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Abstract

ABSTRACT ANGGIA NOOR KHALIDA N.U. The Impact of Fiscal Policy Credibility on Composite Stock Price Index: The Case of Indonesia. Cooperative Economics Education, Economics and Administration, Faculty of Economics, State University of Jakarta, in 2016. The objective of this paper is to investigate whether the effects of fiscal policy credibility, in the form of deficit rule, debt rule, discretionary, and openness, can affect the stability of composite stock price index. The method used in this study is in the form of time series of the year 2004 (1) -2013 (4) with a sample of 40 points. The stock price data are taken from Yahoo! Finance and Central Board of Statistics (www.bps.go.id). The total of debt in domestic currency comes from Debt Management Office (www.djpu.kemenkeu.go.id). This study applies Ordinary Least Square (OLS). The findings showed a model of deficit rules is not significant and does not contribute in stabilize the composite stock price index on money markets. Furthermore, the debt rule indicates that the rule of debt can affect its composite stock price index. The increase in the debt rules can raise the composite stock price index. The discretion is not credible on composite stock price index . Findings further showed openness would raise the stock price. If the debt rules could be realized with the planned debt rule, the deviation will be smaller and then the stock price will be stable. The implication is to re-structure because the money market, stock prices cannot be predicted changes. The policies should consider the future so that the burden will not be great in the future. Related openness, government must intervene in order to reduce the volatility of the stock price. Keywords : deficit rule, debt rule, discretionary, openness, composite stock price index

Item Type: Thesis (S1)
Additional Information: Pembimbing I: Dr. Haryo Kuncoro, SE, M.Si ., Pembimbing II: Karuniana Dianta A.S, S.IP, ME
Subjects: Teknologi dan Ilmu-Ilmu Terapan (Technology and Applied Science) > Manajemen (Management and Auxiliary Service)
Divisions: Fakultas Ekonomi > S1 Pendidikan Ekonomi
Depositing User: Budi Siswanto
Date Deposited: 21 Dec 2017 04:22
Last Modified: 21 Dec 2017 04:22
URI: http://repository.fe.unj.ac.id/id/eprint/1631

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