Open AccessPENGARUH BURSA SAHAM ASIA TERHADAP BURSA SAHAM INDONESIA
Author(s) -
Ardi Kurnia Cahyadi,
Harti Budi Yanti
Publication year - 2019
Publication title -
jurnal informasi perpajakan, akuntansi dan keuangan publik/jurnal informasi, perpajakan, akuntansi, dan keuangan publik
Language(s) - English
Resource type - Journals
eISSN - 2685-6441
pISSN - 1907-7769
DOI - 10.25105/jipak.v7i1.4511
Subject(s) - stock exchange , granger causality , stock market , stock (firearms) , business , stock market index , financial economics , stock market bubble , economics , econometrics , monetary economics , geography , finance , context (archaeology) , archaeology
This study examined the effect of the movement of Asian stock markets of Indonesia stock exchange. The data used is the composite stock price index data from the Japanese stock market, Hong Kong, Singapore and Indonesia. The data used are monthly data covering the period July 1997 to June 2008. To find out if there is a relationship of each stock on the stock exchange Indonesia Pearson correlation coefficient is used. Furthermore, to know the influence of other movements ofthestock exchanges Indonesia Granger Causality test is used. This research provides empirical evidence on the theory of contagion effect, by showing the influence of Asian stock markets of Indonesia stock market and vice versa. Testing the Granger test succeeded in proving the existence of a causal relationship between stock market Indonesia with Singapore stock exchange.