Indonesia Conference Directory


<< Back

The Effect of Short Term and Long Term Macroeconomic Variable and Foreign Stock Market on Comppsite Stock Market by Using Error Correction Model within Period 2006-2016
Tiar Lina Situngkir, Isroiyatul Mubarokah

Universitas Singaperbangsa Karawang


Abstract

Stock Market can be considered as the financial institution to get fund so stability of stock market become important to be researched including intern macro variable such as interest rate, exchange rate, consumen price index, and extern macro variable susch as DJI, STI and HSE . The objective of this research is to analys whether interest rate, exhange rate, consumen price index, Dow Jones Index, Strait Times Index and Hang Seng Index, each has a significant effect on Composite Stock Index.The methodology of analysis of this research is Error Correction Model. The result of research found that in short term interest rate has positive and significant on Composite Stock Market while in long term it has negative and no significant. Exchange rate has negative and significant in short term and long term on Composite Stock Index. In short term consumen price index has negative and no significant while in long term it has positive and significant on Composite Stock Index. In short term Dow Jones positive and no significant while in long term it has positive and significant on Composite Stock Index. In short and long term Strait Time Index has positive and significant on Composite Stock Index. In short and long term Hang Seng Index negative and no significant on Composite Stock Index. This research only covers period 2006-2016.

Keywords: interest rate, exchange rate, consumen price index, DJI ,STI, HSE.

Topic: Financial Management and Accounting

Link: https://ifory.id/abstract/qdQpauJ6bCrc

Conference: The 4th Global Conference on Business, Management and Entrepreneurship (GCBME 2019)

Plain Format | Corresponding Author (Reminta Lumban Batu)

Featured Events

<< Swipe >>
<< Swipe >>

Embed Logo

If your conference is listed in our system, please put our logo somewhere in your website. Simply copy-paste the HTML code below to your website (ask your web admin):

<a target="_blank" href="https://ifory.id"><img src="https://ifory.id/ifory.png" title="Ifory - Indonesia Conference Directory" width="150" height="" border="0"></a>

Site Stats