Pengaruh Tingkat Suku Bunga dan Tingkat Likuiditas Perusahaan terhadap Risiko Investasi Saham yang Terdaftar pada Jakarta Islamic Index

This research aims to understand the influence of interest rate that represent the macro factors and level of liquidity of the company that represent micro-factors against the risk of stocks investment are listed on the Jakarta Islamic Index. Statistical analysis of this research is multiple regression. Based on the results of t-test, the interest rate have a significant effect on the risk of investment with a negative direction. While the level of liquidity of the company shows no significant effect on the risk of investment. Adjusted R Square value of 0.138 indicates that the variants of investment risk can be explained by variations of interest rates and the level of company liquidity is only 13.8%, while the remaining 86.2% is explained by other variables not included in the model of this research. Other variables may include macro and micro factors, such as, the condition of political stability and security that occur in domestic and psychological factors of the investors in capital markets. Based on the results of research, advice that the investors should be consider the interest rate of Certificate of Indonesian Bank and also must consider factors of social conditions, political and security.Keywords: interest rates, corporate liquidity, investment ris