The Contrarian: Finance, Accounting, and Business Research
Vol. 1 No. 2 (2022)

The comparison and relationship of IHSG, NIKKEI, and NASDAQ

Gracia H. Mamesah (Sam Ratulangi University)
Kristianto Harikatan (Sam Ratulangi University)
Lidya C. M. Hutapea (Sam Ratulangi University)
Marchanda C. Palalangan (Sam Ratulangi University)

Article Info

Publish Date
16 Feb 2023

Abstract

The movement of market indices in Indonesia, Japan and the United States tends to be uncertain during the COVID-19 pandemic. This study aims to examine the relationship between the three markets and compare performance during the pandemic. The samples used are the IHSG, NIKKEI, and NASDAQ with an observation period from 19 November 2021 to 31 May 2022. This study finds that during the observed period the market return of the IHSG still has a positive performance compared to NIKKEI and NASDAQ. However, the mean difference test also proves that the performance gap between the markets of the three countries is still relatively the same. In addition, this study also shows that there is a unidirectional relationship between IHSG, NIKKEI, and NASDAQ.

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Journal Info
The Contrarian: Finance, Accounting, and Business Research
Website

Abbrev

cfabr

Publisher

Yayasan Widyantara Nawasena Raharja

Subject

Decision Sciences, Operations Research & Management Economics, Econometrics & Finance Social Sciences

Description

The Contrarian: Finance, Accounting, and Business Research (CFABR) is a double peer-reviewed journal published by the Yayasan Widyantara Nawasena Raharja. The Contrarian: Finance, Accounting, and Business Research (CFABR) will publish the articles bi-annually. The article submitted to The ...