Quantitative Economics and Management Studies
Vol. 5 No. 2 (2024), Pages 233-244 · 2024-04-30
Articles | 2024-04-30
Analysis of The Determinants on Technology Share Prices Listed on the Indonesian Stock Exchange in the 2018-2022 period
- Publication History
- Published online: April 30, 2024
- DOI
- https://doi.org/10.35877/454RI.qems2482
- Copyright
- Copyright (c) 2024 Vivi Elisa, Setiyo Purwanto
Abstract
This study aims to examine the effect of The Fed, Inflation and Total Cash Flow on stock prices in the technology sector listed on the Indonesia Stock Exchange for the period 2018-2022. The type of data used in this study is panel data using quantitative methods. The research sample involved six technology companies. Data is collected using company financial reports and macroeconomic data from official sources. The results showed that the Fed and inflation have a negative influence on stock prices. Meanwhile, total cash flow has a positive and significant effect on stock prices.
Keywords
References (120)
- Abigail, P. Y. D. (2022). Kaleidoskop 2022: Kinerja Saham Teknologi Masih Terseok-
- seok.Katadata.https://katadata.co.id/syahrizalsidik/finansial/63abc2545adc9/kaleid oskop-2022-kinerja-saham-
- teknologi-masih-terseok-seok
- Agustina, L., Mahmudah, D., Setiawan, A. B., Mustika, R., Dunan, A., & Ratnawati, A. (2019). Perkembangan
- Ekonomi Digital di Indonesia Strategi dan Sektor Potensial (Y. A. A. Sukma (ed.)).
- Angraeni, F., & Purwaningsih, E. (2022). Pengaruh Return on Asset, Earning Per Share, Dan Total Arus Kas
- Terhadap Harga Saham. Akselerasi: Jurnal Ilmiah Nasional, 4(2), 53–66. https://doi.org/10.54783/jin.v4i2.565
- Last name of First Authors et.al | Quantitative Economics and Management Studies (QEMS) , 2020 , 1(1): 1–10
- Attallah Al Faruqi, M., Nani Ariani, M. B., & Nofrian, F. (2022). BI Rate The Fed Rate dan Inflasi Terhadap Indeks
- Harga Saham Gabungan. Jurnal Indonesia Sosial Sains, 3(5), 877–889. https://doi.org/10.36418/jiss.v3i5.588
- Basuki, A. T., & Yuliadi, I. (2014). Electronic Data Processing (SPSS 15 dan Eviews 7). Danisa Media.
- Dedy, Rapika, & Pangkarego, F. R. (2020). Analisis Kemampuan BI 7 Days Repo Rate, Fed Rate, dan Tingkat Inflasi
- dalam Mempengaruhi Indeks Harga Saham Gabungan (IHSG). Management Sustainable Development Journal,
- (2), 1–17. https://journal.shantibhuana.ac.id/index.php/msd/article/view/172/85
- Dewi, N. S., Khasanah, L. A. N., Yudhanto, W., & Yacobo. P Sijabat. (2022). Determinan Harga Saham Pada
- Perusahaan Sektor Teknologi Tahun 2019- 2021. Journal of Management and Social Sciences, 1(4), 109–122.
- https://doi.org/10.55606/jimas.v1i4.87
- Eldomiaty, T., Saeed, Y., Hammam, R., & AboulSoud, S. (2020). The associations between stock prices, inflation
- rates, interest rates are still persistent: Empirical evidence from stock duration model. Journal of Economics,
- Finance and Administrative Science, 25(49), 149–161. https://doi.org/10.1108/JEFAS-10-2018-0105
- Fadilah, I. (2022). Ternyata Ini Penyebab Saham Bank Digital Kompak Nyungsep di 2022. Detik Finance.
- https://finance.detik.com/bursa-dan-valas/d- 6486070/ternyata-ini-penyebab-saham-bank-digital-kompak-
- nyungsep-di- 2022
- Fiali, M. A., & Indrati, M. (2022). Apakah Laba Akuntansi, Total Arus Kas dan Earning Per Share Mempengaruhi
- Harga Saham? Moneter - Jurnal Akuntansi Dan Keuangan, 9(2), 137–144.
- https://doi.org/10.31294/moneter.v9i2.13825
- Hardiman, A. A. J., Widiyati, S., & Kodir, M. A. (2019). Pengaruh Kurs Rupiah, Inflasi,Bi Rate, Fed Rate, Dan
- Shanghai Stock Exchange Composite (Ssec) Terhadap Indeks Harga Saham Sektor Properti, Real Estat, Dan
- Konstruksi Bangunan (Studi Kasus pada Bursa Efek IndonesiaPeriode 2014-2018). Jurnal Aktual Akuntansi
- Keuangan Bisnis Terapan, 2(2), 92–102. https://doi.org/10.32497/akunbisnis.v2i2.1656
- Hidayat, D. N., & Jubaedah. (2022). Analisis Harga Saham Pada Perusahaan Sektor Teknologi Yang Terdaftar Di
- Bursa Efek Indonesia. Jurnal Young Enterpreneur, 1(1), 17–27.
- https://ejournal.upnvj.ac.id/index.php/jye/article/view/5032
- Indrawati, R., & Suartini, S. (2020). the Effect of Net Income, Total Cash Flows and Sales Growth on Stock Prices
- (Case Study on Food and Beverages Subsector Companies Listed on the Indonesia Stock Exchange for 2016-
- . Jurnal Ekonomi Balance, 17(2), 338–353. https://doi.org/10.26618/jeb.v17i2.6477
- Kaligis, S., & Soejono, F. (2020). Pengaruh Harga Minyak Dunia, Kurs, Dan Suku Bunga The Fed Terhadap Indeks
- Sektoral Industri Barang Konsumsi. Image : Jurnal Riset Manajemen, 9(1), 34–47.
- https://doi.org/10.17509/image.v9i1.24177
- Lestari, L. S., & Purwanto, S. (2023). Pengaruh Profitabilitas , Leverage , dan Umur Perusahaan terhadap Ketepatan
- Waktu Penyampaian Laporan Keuangan pada Perusahaan Manufaktur yang Terdaftar di Bursa Efek Indonesia
- Tahun 2019 - 2022. Journals.Stratapersada.Com/Index.Php/Sbr, 1(2),
- –221. https://doi.org/10.59631/sbr.v1i2.87
- Mahpudin, E., & Batu, R. L. (2021). The Impact of Macroeconomics on Stock Market Index in Brazil. Advances in
- Economics, Business and Management Research, 187 (2020), 77–81.
- https://doi.org/10.2991/aebmr.k.210831.017
- Marlina, L., Hidayat, W. W., & Rahmat, B. Z. (2022). Bopo, Npf, Inflasi, Suku Bunga Acuan Bank Indonesia, Dan
- Profitabilitas Bank Syariah Di Indonesia. Jurnal Ilmiah Akuntansi Dan Keuangan, 4(6), 2339–2353.
- Marsono, A., Silitonga, E. S., & Widodo, D. S. (2018). Effect of Current Ratio, Leverage Ratio, Inflation and
- Currency Share Closing Price of Consumer Goods Industry in Indonesia Stock Exchange. International Journal
- of Business and Applied Social Science (IJBASS), 4(8), 41–53.
- Miyanti, G. A. D. A., & Wiagustini, L. P. (2018). Pengaruh Suku Bunga the Fed, Harga Minyak Dan Inflasi Terhadap
- Indeks Harga Saham Gabungan (Ihsg) Di Bursa Efek Indonesia. E-Jurnal Ekonomi Dan Bisnis Universitas
- Udayana, 7(5), 1261–1288. https://doi.org/10.24843/eeb.2018.v07.i05.p02
- Mustika, D. I., Djatnika, D., & Setiawan, S. (2022). Pengaruh Kinerja Keuangan Perusahaan dan Variabel
- Makroekonomi terhadap Harga Saham yang Terdaftar di Jakarta Islamic Index. Journal of Applied Islamic
- Economics and Finance, 2(2), 351–362. https://doi.org/10.35313/jaief.v2i2.2974
- Nabilah, Purwanto, S., & Fathihani. (2023). Pengaruh Rasio-Rasio Keuangan Terhadap Kinerja Keuangan Pada
- Perusahaan Manufaktur Sektor Farmasi. Jurnal Manajemen Bisnis Dan Organisasi (JMBO), 121–130
- Napitupulu, R. B., Simanjuntak, T. P., Hutabarat, L., Damanik, H., Harianja, H., Sirait, R. T. M., Tobing, L., & Ria,
- C. E. (2021). Penelitian Bisnis, Teknik dan Analisa dengan SPSS - STATA - Eviews. 1 ed. Madenatera. Buku.
- Natividad, S. T. (2020). The impact of inflation on stock market performance in Nigeria. Journal of Critical Reviews,
- (13), 2043–2046. https://doi.org/10.5251/ajsms.2012.3.2.76.82
- Nuryadi, Astuti, T. D., Utami, E. S., & Budiantara. (2017). Dasar-Dasar Statistik Penelitian. Gramasurya.
- Last name of First Authors et.al | Quantitative Economics and Management Studies (QEMS) , 2020 , 1(1): 1–10
- Oktaviani, N. F., & Patimah, T. (2022). Pengaruh Return On Investment Dan Earning Per Share Terhadap Harga
- Saham Sektor Teknologi Indonesia (2016- 2020). Jurnal Ekonomi Perjuangan (JUMPER), 3(2), 101–112.
- https://e- journal.unper.ac.id/index.php/JUMPER/article/view/901/648
- Pamungkas, B. S., & Prasetiono. (2018). Analisis Pengaruh Harga Minyak Dunia, Kurs Rupiah/US$, dan Fed Rate
- Terhadap Indeks Sektoral Pasar Saham di Indonesia. Diponegoro Journal of Management, 7(2), 1–14.
- https://ejournal3.undip.ac.id/index.php/djom/article/view/20911
- Pelle, A., Waani, A. S., Repi, E. I., Kawinda, E., Handayani, R., Hendrawan, S. A., Pondaag, Y. C., & Maramis, J. B.
- (2022). Pengaruh Profitabilitas Terhadap Return Saham Sektor Industri Teknologi Yang Terdaftar Dalam
- Idxtechno 2022. Jurnal EMBA, 10(4), 1942–1952.
- Purwaningsih, E., & Setiawan, G. (2022). Pengaruh Earnings per Share, Return on Equity, Price to Book Value, dan
- Total Arus Kas Terhadap Harga Saham. AKUA: Jurnal Akuntansi Dan Keuangan, 1(2), 164–172.
- https://doi.org/10.54259/akua.v1i2.546
- Purwanto, S., & Perkasa, D. H. (2024). Analisis Transformasi Bank Digital Yang Terdaftar Di Bursa Efek Indonesia
- Periode 2018-2022. Jurnal Revenue : Jurnal Akuntansi, 4(2), 622–633
- Santoso, A. (2018). Factors Affecting Operating Cash Flow To Stock Return Through Stock Price. JMBI UNSRAT
- (Jurnal Ilmiah Manajemen Bisnis Dan Inovasi Universitas Sam Ratulangi), 5(2). 108–117.
- https://doi.org/10.35794/jmbi.v5i2.20807
- Saputra, R. G., & Aminda, R. S. (2021). Analisis Pengaruh DER Dan PER Terhadap Harga Saham Perusahaan Sektor
- Teknologi Yang Terdaftar Di BEI. Prosiding Seminar Nasional & Call for Paper STIE AAS, 4(1), 664–674.
- https://prosiding.stie- aas.ac.id/index.php/prosenas/article/view/161/159
- Savitri, C., Faddila, S. P., Irmawartini, Iswari, H. R., Anam, C., Syah, S., Mulyani, S. R., Sihombing, P. R.,
- Kismawadi, E. R., Pujianto, A., Mulyati, A., Astuti, Y., Adinugroho, W. C., Imanuddin, R., Kristia, Nuraini, A.,
- & Siregar, M. T. (2021). Statistik Multivariat dalam Riset. Widina Bhakti Persada Bandung.
- Sihabudin, Wibowo, D., Mulyono, S., Kusuma, J. W., Arofah, I., Ningsi, B. A., Saputra, E., Purwasih, R., &
- Syaharuddin. (2021). Ekonometrika Dasar Teori dan Praktik Berbasis SPSS. In CV. Pena Persada.
- Silalahi, L., & Sembiring, S. (2020). Pengaruh Laba Bersih, Total Arus Kas Dan Ukuran Perusahaan Terhadap Harga
- Saham Pada Perusahaan Sektor Asuransi Yang Terdaftar Di Bursa Efek Indonesia Tahun 2014-2017. Jurnal
- Riset Akuntansi & Keuangan, 6(1), 47–70. https://doi.org/10.54367/jrak.v6i1.852
- Siregar, C. V. B., & Prabowo, T. J. W. (2021). Pengaruh Laba Akuntansi, Total Arus Kas, Dan Dividen Per Share
- terhadap Harga Saham (Studi Empiris terhadap Perusahaan yang terdaftar dalam Indeks Kompas100 di BEI
- tahun 2016-2018). Dipobegoror Jurnal of Accounting, 10(2), 1–8.
- https://ejournal3.undip.ac.id/index.php/accounting/article/view/31017/25459.
- Suanto, R., & Yanuar, Y. (2020). Analisa Pengaruh Perubahan Fed Fund Rate, Index Harga Saham Gabungan dan
- Indeks LQ45 Terhadap Nilai Tukar Dollar Amerika – Rupiah. Jurnal Manajemen Bisnis Dan Kewirausahaan,
- (3), 12–16. https://doi.org/10.24912/jmbk.v4i3.7909
- Sugiyanto, E. kusumaningtyas, Subagyo, E., Adinugroho, W. catur, Jacob, J., Berry, Y., Nuraini, A., Sudjono, &
- Syah, S. (2022). Konsep dan Praktik Ekonometrika Menggunakan Eviews. In Academia Publication.
- Tunio, F. H., Agha, K., Khan, M. A., Kishore, M., Nabi, A. A., & Panhwar, H. U. R. Z. (2020). The Impact of Cash
- Flow on Share Price of Firms: A Case Study on Oil and Gas Marketing Industry of Pakistan. PalArch’s Journal
- of Archaeology of Egypt/ Egyptology, 17(9), 7290–7300. https://doi.org/10.55750/jberj.0104
- Wibowo, D. A., & Saragih, S. B. (2018). Effect of Debt to Equity Ratio, Current Ratio and Inflation on Share Price
- on Real Estate Companies Listed in Indonesia Stock Exchange. The International Journal of Business &
- Management, 6(11), 61–67. www.theijbm.com
- Winastya, K. P. (2022). Teknologi 5G Mulai Diperkenalkan di Indonesia, Ketahui Keunggulannya. Merdeka.
- https://www.merdeka.com/trending/teknologi-5g-mulai-diperkenalkan-di-indonesia-ketahui keunggulannya-
- kln.html
- Yusuf, M., Ichsan, R. N., & Suparmin, S. (2021). Influence Of BI Rate, FED Rate, And Inflation On Composite
- Stock Price Index (JCI). Journal of Management and Business Innovations, 3(1), 9–17.
- https://doi.org/10.30829/jombi.v3i01.9459
- Zuliyana, M., Aryani, D. S., Andriyani, I., & Prayuda, M. A. (2022). Pengaruh Laba Akuntansi dan Total Arus Kas
- Terhadap Harga Saham pada Perusahaan Manufaktur Sub Sektor Farmasi di Bursa Efek Indonesia Tahun 2015-
- Journal Ekombis Review: Jurnal Ilmiah Ekonomi Dan Bisnis, 10(1). 526–531
- https://doi.org/10.37676/ekombis.v10i1.1751
How to Cite
Elisa, V. ., & Purwanto, S. (2024). Analysis of The Determinants on Technology Share Prices Listed on the Indonesian Stock Exchange in the 2018-2022 period. Quantitative Economics and Management Studies, 5(2), 233–244. https://doi.org/10.35877/454RI.qems2482

