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

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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.

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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
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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

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