PENGARUH SUKU BUNGA DEPOSITO, PRODUK DOMESTIK BRUTO (PDB) PERKAPITA DAN KURS TERHADAP OBLIGASI RITEL INDONESIA (ORI)
Abstract
Indonesian Retail Bonds or commonly referred to as ORI is the state bonds
issued by the Indonesian government that is sold to private persons or individuals
citizens of Indonesia through a selling agent. With the aim of expanding the
investor base in the country, as an alternative investment instruments to retail
investors, to support the stability of the domestic financial market, support the
creation of community oriented mid and long-term investment, and realize the
ideals of self reliance in development financing. Bond investors are in great
demand because it is safe (low risk). However, in addition to seeking safe,
investors also expect a maximum return. This study aims to analyze how deposit
rates, per capita gross domestic product, and exchange rate affect the Indonesian
Retail Bonds demand. The types of data used in this study was a time series data
from 2006 to 2018 which were sourced from Bank Indonesia and Badan Pusat
Statistik. This study used quantitative research methods, and analyzed by using
multiple linear regression analysis by using EViews 10 software program for
Windows computers. The result showed the variable Deposito Interest Rate, Per
Capita Gross Domestic Product, and Exchange Rate at once / simultaneously had
a significant influence on Indonesian Retail Bonds Demand. The individual test /
partial showed that Per Capita Gross Domestic Product and Exchange Rate had
positive influence and significantly on Indonesian Retail Bonds Demand. While
Deposito Interest Rate had negative influence and significantly on the demand for
Indonesian Retail Bonds. Ability prediction of independent variable to explain the
dependent variabel with value of adjusted R square equal 0,950919. This mean
that total effect from three independent variabel to dependent variabel is 95.1%
while the remaining 4,9% is explained by other variables not included in this
study.
Keyword : Indonesian Retail Bonds, Deposit Rate, Gross Domestic Product, and
Exchange Rate.
issued by the Indonesian government that is sold to private persons or individuals
citizens of Indonesia through a selling agent. With the aim of expanding the
investor base in the country, as an alternative investment instruments to retail
investors, to support the stability of the domestic financial market, support the
creation of community oriented mid and long-term investment, and realize the
ideals of self reliance in development financing. Bond investors are in great
demand because it is safe (low risk). However, in addition to seeking safe,
investors also expect a maximum return. This study aims to analyze how deposit
rates, per capita gross domestic product, and exchange rate affect the Indonesian
Retail Bonds demand. The types of data used in this study was a time series data
from 2006 to 2018 which were sourced from Bank Indonesia and Badan Pusat
Statistik. This study used quantitative research methods, and analyzed by using
multiple linear regression analysis by using EViews 10 software program for
Windows computers. The result showed the variable Deposito Interest Rate, Per
Capita Gross Domestic Product, and Exchange Rate at once / simultaneously had
a significant influence on Indonesian Retail Bonds Demand. The individual test /
partial showed that Per Capita Gross Domestic Product and Exchange Rate had
positive influence and significantly on Indonesian Retail Bonds Demand. While
Deposito Interest Rate had negative influence and significantly on the demand for
Indonesian Retail Bonds. Ability prediction of independent variable to explain the
dependent variabel with value of adjusted R square equal 0,950919. This mean
that total effect from three independent variabel to dependent variabel is 95.1%
while the remaining 4,9% is explained by other variables not included in this
study.
Keyword : Indonesian Retail Bonds, Deposit Rate, Gross Domestic Product, and
Exchange Rate.
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