Pengaruh Jangka Pendek dan Jangka Panjang Saham Global terhadap Indeks Harga Saham Gabungan (IHSG) Periode 2015:M01 - 2020:M12

Abstract: Purpose: This study aims to analyze the external and internal factors that affect movement of Composite Stock Price Index (IHSG) in Indonesia short long term. External influences global stock indices are DJIA, NIKKEI225 SSEC, as well exchange rate (USD/IDR). The most influential influence is inflation. Research methodology: uses ECM (Error Correction Model) method. determine long-term short-term effects variables JCI Indonesia. In addition, this monthly time series data from January 2015 December 2020. Results: results show DJIA index Inflation have a positive significant term on IHSG SSEC Exchange Rate (USD/IDR) negative relationship Indonesia, while has no or Limitations: limitation research there many outside model not included Contribution: For investors who will start investing Exchange, before investing, they should pay attention indexes (DJIA SSEC). Keywords: 1. Globalization 2. KOF 3. Economic Growth