DOES BANK INDONESIA CERTIFICATE (SBI) AND EXCHANGE RATE AFFECT SYSTEMATIC RISK (BETA) ? (PROOF OF VALUE OF FIRM’S THEORY ON INDONESIA BANKING ISSUER)
DOES BANK INDONESIA CERTIFICATE (SBI) AND EXCHANGE RATE AFFECT SYSTEMATIC RISK (BETA) ? (PROOF OF VALUE OF FIRM’S THEORY ON INDONESIA BANKING ISSUER)
Author(s): Dompak Pasaribu, Ade Fatma Lubis, Azhar Maksum, Rina BukitSubject(s): Business Economy / Management, Financial Markets
Published by: Asociaţia de Cooperare Cultural-Educaţională Suceava
Keywords: Bank Indonesia Certificate; Exchange Rate; Systematic Risk;
Summary/Abstract: The purpose of this study is to analyze the role of macroeconomic variables of Bank Indonesia Certificate (SBI) and Exchange Rate on systematic risk (BETA) in the banking sector. This type of research is quantitative research and based on the level of explanation. Data analysis method used is Structural Equation Model (SEM). The data used are annual secondary data of 24 issuers in 2007-2015 in 207 times of observations in cross-sectional banking firms listed on the Indonesia Stock Exchange (SBI). The results show interest rates (SBI) and exchange rates (KURS) have a negative and significant effect on systematic risk.
Journal: Ecoforum
- Issue Year: 8/2019
- Issue No: 1
- Page Range: 0-0
- Page Count: 10
- Language: English