Sitinjak, Elizabeth Lucky Maretha and Warastuti, Yusni (2018) KOINTEGRASI PASAR MODAL DAN KEPUTUSAN JUAL-BELI SAHAM. KOINTEGRASI PASAR MODAL DAN KEPUTUSAN JUAL-BELI SAHAM.
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58120012452018G1_SNA_PRESENTER_ELIZABETH LUCKY MARETHA.pdf Restricted to Registered users only Download (1MB) |
Abstract
If ASEAN and East Asian capital market cointegration is applied, how will it affect Indonesia's capital market? The purpose of this research is to investigate the cointegration of Indonesian Capital Market with ASEAN Capital Market, Capital Market of East ASIA, the Fed Rate Rate, and the BI Rate to buy-buy decision shares by domestic and foreign investors. This research model uses EViews-9 to test stationarity (ADF-Test), cointegration (Johansen-Test), and t-test and f-test which is automatically calculated by EViews-9. The results of this study found a cointegration among the Capital Markets in ASEAN (IHSG, STI, KLSE, SET, PSE), the presence of cointegration in the Capital Market in Eastern ASIA (NIKKEI, HSI, KOSPI, SHCOMP, TWSE), and cointegration Rate Federal Fund Rate, Bank Indonesia Rate). The results of this study also show, the decision of domestic investors in making the decision to buy shares by looking at the movement of the Central Bank of the United States (The FED) and the Interest Rate of the Central Bank of Indonesia (BI Rate). Meanwhile, domestic investors in the decision to sell shares see the movement of the KLSE index and the STI index (ASEAN Capital Market), as well as the TWSE index (East Asian Capital Market). Foreign Investors made a decision to buy shares by looking at the movements of the Central Bank of the United States (The FED) and the Interest Rate of the Central Bank of Indonesia (BI Rate).
| Item Type: | Article |
|---|---|
| Subjects: | 600 Technology (Applied sciences) > 650 Management > 657 Accounting |
| Divisions: | Faculty of Economics and Business > Department of Accounting |
| Depositing User: | ms F. Dewi Retnowati |
| Date Deposited: | 14 Jun 2021 06:25 |
| Last Modified: | 14 Jun 2021 06:25 |
| URI: | http://repository.unika.ac.id/id/eprint/25418 |
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