The role of macroeconomic variables on Islamic stocks for achieving SDGs in Indonesia

The role of macroeconomic variables on Islamic stocks for achieving SDGs in Indonesia

This paper aims to analyse macro-economic variables such as industrial production index (IPI), exchange rate, gross domestic product (GDP), and inflation which can affect the movement of Islamic stocks price in order to contribute the sustainable development goals in Indonesia. The methodology of th...

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Main Authors: Dina Yustisi Yurista, Rosida Dwi Ayuningtyas
Format: Article
Language:English
Published: Center for Islamic Economics Studies and Development 2019-08-01
Series:Jurnal Ekonomi dan Keuangan Islam
Online Access:https://journal.uii.ac.id/JEKI/article/view/13168
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spelling doaj-3cfb3936d5454a078730f91119e861262021-08-05T01:55:55ZengCenter for Islamic Economics Studies and DevelopmentJurnal Ekonomi dan Keuangan Islam2088-99682614-69082019-08-01529310010.20885/JEKI.vol5.iss2.art68986The role of macroeconomic variables on Islamic stocks for achieving SDGs in IndonesiaDina Yustisi Yurista0Rosida Dwi Ayuningtyas1Wahid Hasyim University, Semarang, IndonesiaWahid Hasyim University, Semarang, IndonesiaThis paper aims to analyse macro-economic variables such as industrial production index (IPI), exchange rate, gross domestic product (GDP), and inflation which can affect the movement of Islamic stocks price in order to contribute the sustainable development goals in Indonesia. The methodology of this study is quantitative approach with Error Correction Model (ECM). The data is obtained from Bank Indonesia, Central bureau of statistics Indonesia and Indonesia Stock Exchange during period January 2013 to December 2018 quarterly. The findings showed that IPI has positive effect, while the exchange rate has a negative effect on Islamic stock price. Also GDP and inflation variables has negative in some companies and positive effect in other companies.https://journal.uii.ac.id/JEKI/article/view/13168
collection DOAJ
language English
format Article
sources DOAJ
author Dina Yustisi Yurista
Rosida Dwi Ayuningtyas
spellingShingle Dina Yustisi Yurista
Rosida Dwi Ayuningtyas
The role of macroeconomic variables on Islamic stocks for achieving SDGs in Indonesia
Jurnal Ekonomi dan Keuangan Islam
author_facet Dina Yustisi Yurista
Rosida Dwi Ayuningtyas
author_sort Dina Yustisi Yurista
title The role of macroeconomic variables on Islamic stocks for achieving SDGs in Indonesia
title_short The role of macroeconomic variables on Islamic stocks for achieving SDGs in Indonesia
title_full The role of macroeconomic variables on Islamic stocks for achieving SDGs in Indonesia
title_fullStr The role of macroeconomic variables on Islamic stocks for achieving SDGs in Indonesia
title_full_unstemmed The role of macroeconomic variables on Islamic stocks for achieving SDGs in Indonesia
title_sort role of macroeconomic variables on islamic stocks for achieving sdgs in indonesia
publisher Center for Islamic Economics Studies and Development
series Jurnal Ekonomi dan Keuangan Islam
issn 2088-9968
2614-6908
publishDate 2019-08-01
description This paper aims to analyse macro-economic variables such as industrial production index (IPI), exchange rate, gross domestic product (GDP), and inflation which can affect the movement of Islamic stocks price in order to contribute the sustainable development goals in Indonesia. The methodology of this study is quantitative approach with Error Correction Model (ECM). The data is obtained from Bank Indonesia, Central bureau of statistics Indonesia and Indonesia Stock Exchange during period January 2013 to December 2018 quarterly. The findings showed that IPI has positive effect, while the exchange rate has a negative effect on Islamic stock price. Also GDP and inflation variables has negative in some companies and positive effect in other companies.
url https://journal.uii.ac.id/JEKI/article/view/13168
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AT rosidadwiayuningtyas theroleofmacroeconomicvariablesonislamicstocksforachievingsdgsinindonesia
AT dinayustisiyurista roleofmacroeconomicvariablesonislamicstocksforachievingsdgsinindonesia
AT rosidadwiayuningtyas roleofmacroeconomicvariablesonislamicstocksforachievingsdgsinindonesia
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