PENGARUH VOLATILITAS NILAI TUKAR (EXCHANGE RATE VOLATILITY) TERHADAP INVESTASI (INVESTMENT) DI NEGARA-NEGARA ANGGOTA ASEAN (INDONESIA, THAILAND, VIETNAM DAN KAMBOJA)
Keywords:
volatilitas nilai tukar, investasi, ekspor, impor, pertumbuhan ekonomiAbstract
Penelitian ini bertujuan untuk mengetahui apakah terdapat pengaruh Volatilitas Nilai Tukar
(Exchange Rate Volatility) terhadap Investasi (Investment) di Negara- negara Anggota ASEAN
(Indonesia, Thailand, Vietnam dan Kamboja). Berdasarkan penelitian terdahulu, maka peneliti
berfokus pada mengembangkan penelitian dari Lee (2017) dikarenakan pada pendekatannya
dapat mengontrol karakteristik tingkat perusahaan yang berbeda dan kemudian menentukan
dampak perubahan nilai tukar pada investasi. Pada penelitian ini terdapat analisis terbatas pada
apakah pergerakan nilai tukar mendorong keseluruhan investasi ke arah tertentu. Fokus utama
penulis adalah apakah saluran ekspor atau impor atau keduanya memainkan peran penting dalam
menentukan investasi perusahaan.
Populasi penelitian ini adalah pada negara anggota ASEAN yang telah dipublikasikan oleh
World Bank (https://www.worldbank.org/) dan tetap eksis selama periode tahun 1998-2018.
Pemilihan sampel dalam penelitian ini menggunakan metode purposive sampling dan sebagian
data rasio tersebut telah tersedia dalam ringkasan laporan keuangan berupa data ICMD sehingga
siap diolah dengan software EViews. Metode analisis yang dipakai dalam model adalah analisis
regresi linier berganda dengan metode estimasi OLS (Ordinary Least Square) atau metode
kuadrat terkecil untuk data panel.
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