Impact of Macroeconomic Factors and Neighboring Country’s Stock Indices Affect the LQ45 Stock Index

DOI

10.2991/aebmr.k.210831.006How to use a DOI?

Keywords

Inflation, STI Index, LQ45

Abstract

This study investigates the macroeconomic factors represented by inflation and the neighboring countries’ stock price index (the Singapore stock price index or STI) in influencing the LQ45 stock price index’s volatility on the Jakarta stock exchange. The data used are secondary data from the period of January 2013 to December 2019. The method used is the Error Correction Model. This method will consider long-term and short-term analyses of the influence of macro variables affecting the LQ45 Stock Price Index. The results depicted that both inflation and STI Index had no significant influence on the LQ45 stock price index in the short-term period, then for the long term period, both inflation and STI stock indexes determine the LQ45 stock price index.

Copyright

© 2021, the Authors. Published by Atlantis Press.

Open Access

This is an open access article distributed under the CC BY-NC license (http://creativecommons.org/licenses/by-nc/4.0/).

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TY  - CONF
AU  - Tiar Lina Situngkir
AU  - Nugraha
AU  - Ikaputera Waspada
AU  - Mayasari
PY  - 2021
DA  - 2021/09/02
TI  - Impact of Macroeconomic Factors and Neighboring Country’s Stock Indices Affect the LQ45 Stock Index
BT  - Proceedings of the 5th Global Conference on Business, Management and Entrepreneurship (GCBME 2020)
PB  - Atlantis Press
SP  - 25
EP  - 28
SN  - 2352-5428
UR  - https://doi.org/10.2991/aebmr.k.210831.006
DO  - 10.2991/aebmr.k.210831.006
ID  - Situngkir2021
ER  -