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Analysis of the Effect of Southeast Asia Stock Index on the Indonesia Stock Exchange (IDX) Composite Dadang Prasetyo Jatmiko
International Journal of Scientific Multidisciplinary Research Vol. 1 No. 3 (2023): April 2023
Publisher : PT FORMOSA CENDEKIA GLOBAL

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (429.353 KB) | DOI: 10.55927/ijsmr.v1i3.3795

Abstract

This study was conducted with the aim of analyzing and knowing the development of the composite stock price index in the Southeast Asia region in relation to the size of the Indonesia Stock Exchange (IDX) Composite as well as determining the effect of the three Southeast Asia Stock Indexes, either partially or simultaneously on the Indonesia Stock Exchange (IDX) Composite. The three Southeast Asia Stock Indexes are the Bursa Malaysia Index (Malaysia), the Philippine Stock Exchange Index (Philippine) and the Straits Times Index (Singapore). The simple sampling method used was by collecting data for 48 months from January 2019 to December 2022. The data analysis used to test the research hypothesis was SPSS 15 (Statistical Product and Service Solution version 15.0), namely multiple linear regression. The results show that the effect of the three Southeast Asia Stock Indexes partially or simultaneously has a significant effect on the Indonesia Stock Exchange (IDX) Composite
Event Study Analysis of The Covid-19 Outbreak On Stock Prices Listed on The Indonesia Stock Exchange Dadang Prasetyo Jatmiko
Adpebi International Journal of Multidisciplinary Sciences Vol. 1 No. 1 (2022)
Publisher : Asosiasi Dosen Peneliti Ilmu Ekonomi dan Bisnis Indonesia

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.54099/aijms.v1i2.221

Abstract

Purpose – This study aimed to examine the information content contained in the first event of the COVID-19 outbreak in Indonesia on March 2, 2020, by analysing abnormal return and stock trading volume activity in the tourism, transportation, textile, medical device, pharmaceutical and food and beverage sectors around the event Methodology/approach – This study used quantitative research with an event study approach. The samples were selected with purposive sampling as a sampling technique. The hypothesis test using the abnormal return indicators was carried out by conducting a statistical test of the average abnormal return for each event, while the hypothesis test using the trading volume activity indicators was carried out by conducting a paired-difference samples t-test by comparing the t-statistic value with the t-table value on the average trading volume activity before and after with the t-table value and 243 Latvian, 103 Estonian, and 109 Lithuanian entrepreneurs. Findings – The findings showed that when the first event of the COVID-19 outbreak occurred in Indonesia, there was a market reaction in the tourism, transportation, textile, medical device, pharmaceutical and food and beverage sectors. Novelty/value – The test result is important to show the difference test results of the two average trading volume activities during the first event of the COVID-19 outbreak in Indonesia showed that there was significant trading volume activity in the medical device and pharmaceutical sectors