Investment Decision on Government Bonds and Sukuk in Indonesia.

This research aims to find the factors that influence the decisions of institutional investors to invest in Government Bonds and Sukuk, as well as to disclose the oversubscribes of State Securities issued by Indonesian government. The investment decisions of investors in this study use a proxy data approach from variables that affect investment decisions. The type of research used is quantitative research using an econometric approach with the Auto Regressive Distributed Lag (Dynamic) Model. The research data used is a time series for eleven periods from 2009 to 2020. Data are analyzed using ARDL (Dynamic) Model with determination of lag using the Koyck model. The result of this research is that investment decisions with a rational approach to government bonds and sukuk are strongly influenced by macroeconomic and policy variables (inflation, exchange rates and the interest rate) and financial markets (financing interest rates, deposit rates, volumes and coupon rates). [ABSTRACT FROM AUTHOR]

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