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The Effect of Crude Oil Price Shocks on Indonesia Stock Market Performance Darmawan, Indra; Siregar, Hermanto; Hakim, Dedi Budiman; Manurung, Adler Haymans
Jurnal Organisasi dan Manajemen Vol. 16 No. 1 (2020)
Publisher : LPPM Universitas Terbuka

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (502.301 KB) | DOI: 10.33830/jom.v16i1.785.2020

Abstract

The primary purpose of this study is to investigate the effects of crude oil price shocks on Indonesia stock market performance, represented by the composite index (IHSG). We used a vector error correction model (VECM) approach to observe the relationship between Brent crude oil price (BPO) and the seven stock market indices, including IHSG, and the relationship between IHSG and the six global stock market indices. Findings. The results show that the Brent crude oil prices cointegrated to the seven stock market indices, including IHSG, and IHSG cointegrated to the six global stock market indices. This finding proves that crude oil price shocks affect the Indonesia stock market performance directly through the co-integration mechanism between the crude oil price and IHSG and indirectly transmitted through the co-integration mechanism between IHSG and the global stock market indices.
RANCANG BANGUN WEB SERVER UNTUK MESIN PENGERING RUMPUT LAUT BERBASIS INTERNET OF THINGS Dwi Cahyono , Tomy; Sasmita Susanto , Eri; Darmawan, Indra
Jurnal TAMBORA Vol. 4 No. 3 (2020): EDISI 11
Publisher : Wakil Rektor 3, Direktorat Pengabdian kepada Masyarakat dan Publikasi, Universitas Teknologi Sumbawa

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.36761/jt.v4i3.789

Abstract

This study aims to design and build a web server for a machineinternet of things (IoT) based seaweed dryer works to dry the grassfrom wet to dry wire with thermonitory heat. Hot temperatureis the main factor determining the drying duration. This researchusing the waterfall software development method and built withusing PHP 7 and javascript. Methods of data collection using techniquesobservation, interview and literature study and using black box testing methodthat is, testing is done by testing the software in terms of functionality.The result of the research is that the web can be accessed through a website equipped withuser management features so that they can contribute to Samawa employeesinspiration.