IDEAS home Printed from https://ideas.repec.org/a/uii/jekife/v5y2019i2p93-100.html
   My bibliography  Save this article

The Role Of Macroeconomic Variables On Islamic Stocks For Achieving Sdgs In Indonesia

Author

Listed:
  • Dina Yustisi Yurista
  • Rosida Dwi Ayuningtyas

Abstract

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.

Suggested Citation

  • Dina Yustisi Yurista & Rosida Dwi Ayuningtyas, 2019. "The Role Of Macroeconomic Variables On Islamic Stocks For Achieving Sdgs In Indonesia," Jurnal Ekonomi & Keuangan Islam, Faculty of Economics, Universitas Islam Indonesia, vol. 5(2), pages 93-100, Juli.
    • Handle: RePEc:uii:jekife:v:5:y:2019:i:2:p:93-100
    DOI: 10.20885/JEKI.vol5.iss2.art6
    as

    Download full text from publisher

    File URL: https://journal.uii.ac.id/JEKI/article/download/13168/9471
    Download Restriction: no
    File URL: https://journal.uii.ac.id/JEKI/article/view/13168/9471
    Download Restriction: no
    File URL: https://libkey.io/10.20885/JEKI.vol5.iss2.art6?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    More about this item

    Keywords

    Islamic stocks; Macroeconomic; Sustainable Development Goals;
    All these keywords.

    JEL classification:

    • E44 - Macroeconomics and Monetary Economics - - Money and Interest Rates - - - Financial Markets and the Macroeconomy
    • G23 - Financial Economics - - Financial Institutions and Services - - - Non-bank Financial Institutions; Financial Instruments; Institutional Investors
    • O11 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Macroeconomic Analyses of Economic Development
    • Z12 - Other Special Topics - - Cultural Economics - - - Religion

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:uii:jekife:v:5:y:2019:i:2:p:93-100. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Ana Yuliani (email available below). General contact details of provider: https://journal.uii.ac.id/JEKI/ .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.