Influence of macroeconomic variables, Shanghai stock index, Nikkei stock index, and straits time index to the performance of Indonesian composite index

About Us

Ipmi Repository is an online archive service which is managed by IPMI Library - Learning Resource Center. Established for collecting, managing, saving, preserving and disseminating digital copies of intellectual output of IPMI International Business School such as academic journal, books, theses, Group Field Project, Community Involvement Project, Case Study, conference paper, and other types of research publication. The main objective of this repository is to provide long-term, public, open access and easily retrieve to the digital collection to support teaching-learning process.

"Knowledge without observation is nil"

Asmady, Adipurusa Nidiman (2022) Influence of macroeconomic variables, Shanghai stock index, Nikkei stock index, and straits time index to the performance of Indonesian composite index. Undergraduate thesis, IPMI Business School.

Text
Adipurusa Nidiman Asmady - Influence of Macroeconomic Variables, Shanghai Stock Index, Nikkei Stock Index, and Straits Time Index to the Performance of Indonesian Composite Index.pdf
Restricted to Registered users only
Download (2MB)

Abstract

Stock market returns can be influenced by internal factors from within the countries as well as as external factors from neighboring countries. As global economy becomes more integrated, the relationship between stock market might become increasingly blur. In order to maximize investment returns, investor needs to understand the relationship between the stock market returns with the macroeconomic variable in the countries as well as the relationship with other stock market. This study seeks evidence to understand further the relationship of macroeconomic variables such as GDP growth rate, inflation rate, SOE time deposit rate, USD/IDR exchange rates to Indonesian stock market (IHSG). In addition, the study also seeks evidence to understand the relationship of the stock market performance from china (SSE), Japan (Nikkei), and Singapore (SGX) as Indonesia main trade partner in Indonesia. This research includes quantitative research and uses secondary quarterly data from the year 2010 to 2021. This study was analyzed through statistical methods whcih includes normality test, multicollinearity test, heteroscedasticity test, T-Test as well as F-Test. The results of the study suggests that from the macroeconomics variables, GDP growth and USD/IDR exchange rates are statistically significant while inflation rate and SOE banks deposit rate are not statistically significant to IHSG. On the other hand, only the SGX index prove to have statistical significance to IHSG while SSE and Nikkei are not statistically significant. In addition, GDP Growth and SGX index has a positive relationship with IHSG while USD/IDR exchange rate displays a negative one.

Item Type:	Thesis (Undergraduate)
Subjects:	H Social Sciences > H Social Sciences (General) H Social Sciences > HC Economic History and Conditions
Divisions:	Thesis > Master of Business Administration
Depositing User:	Dede Faujiah
Date Deposited:	10 Aug 2022 03:17
Last Modified:	15 Feb 2023 03:23
URI:	http://repository.ipmi.ac.id/id/eprint/1488

Actions (login required)

View Item