Proceedings of the International Conference on Tourism, Economics, Accounting, Management, and Social Science (TEAMS 2018)

The Influence of Internal and External Factors on the Return of The Composite Stock Price Index with Country Risk Beta Modeling

Authors
I Nyoman Sujana, Iyus A. Haris, I Wayan Suwendra
Corresponding Author
I Nyoman Sujana
Available Online January 2019.
DOI
https://doi.org/10.2991/teams-18.2019.2How to use a DOI?
Keywords
internal and external factors; return of Composite Stock Price Index; and country risk beta
Abstract
The purpose of this research to examine and analyze the influence of the interaction of internal and external factors of return of MSCI ACWI IMI to the return of IHSG (Composite Stock Price Index) by using country risk beta. Data was collected by documentation techniques and then analyzed by multiple linear regression analysis. The results showed that(1) The interaction of exchange rate of rupiah to US Dollar with a return of MSCI ACWI IMI has positive and significant influence to country risk beta, (2) The interaction of interest rate of SBI for 6 months with the return of MSCI ACWI IMI has positive and significant influence to country risk beta; (3) The interaction of inflation with return MSCI ACWI IMI has negative and significant influence to country risk beta, (4) The interaction of Indonesia economic growth with return of MSCI ACWI IMI has negative and significant to country risk beta; (5) The interaction of the world oil price with return of MSCI ACWI IMI has positive and not significant to country risk beta, and (6) the return of MSCI ACWI IMI has negative and significant to country risk beta.
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Proceedings
International Conference on Tourism, Economics, Accounting, Management, and Social Science (TEAMS 2018)
Part of series
Advances in Economics, Business and Management Research
Publication Date
January 2019
ISBN
978-94-6252-651-8
ISSN
2352-5428
DOI
https://doi.org/10.2991/teams-18.2019.2How to use a DOI?
Open Access
This is an open access article distributed under the CC BY-NC license.

Cite this article

TY  - CONF
AU  - I Nyoman Sujana
AU  - Iyus A. Haris
AU  - I Wayan Suwendra
PY  - 2019/01
DA  - 2019/01
TI  - The Influence of Internal and External Factors on the Return of The Composite Stock Price Index with Country Risk Beta Modeling
BT  - International Conference on Tourism, Economics, Accounting, Management, and Social Science (TEAMS 2018)
PB  - Atlantis Press
SP  - 7
EP  - 11
SN  - 2352-5428
UR  - https://doi.org/10.2991/teams-18.2019.2
DO  - https://doi.org/10.2991/teams-18.2019.2
ID  - Sujana2019/01
ER  -