PENGARUH BURSA-BURSA UTAMA DUNIA TERHADAP BURSA EFEK INDONESIA: PERIODE JANUARI 2017 SAMPAI DENGAN JUNI 2019

PENGARUH BURSA-BURSA UTAMA DUNIA TERHADAP BURSA EFEK INDONESIA: PERIODE JANUARI 2017 SAMPAI DENGAN JUNI 2019

dependency theory, globalization, market integration, developed market, emerging market

This study aims to determine the effect of the world’s major stock exchanges on the Indonesia Stock Exchange from January 2017 to June 2019. The main stock exchanges used as independent variables are ^DJI (Dow Jones Industrial, United States), ^GSPC (Standard and Poor 500, United States), ^GDAXI (Germany), ^FCHI (France), ^N225 (Nikkei 225, Japan), and ^HSI (Hang Seng Industrial, Hong Kong). The dependent variable used is ^JKSE (Jakarta Stock Exchange, Indonesia). There are 489 data sets that can be processed, which have been synchronized. By using multiple regression analysis, the results obtained: ^DJI
has a positive and significant effect on ^JKSE, ^GSPC has a negative and insignificant effect on ^JKSE, ^GDAXI has a positive and insignificant effect on ^JKSE, ^FCHI has a positive and insignificant effect on ^JKSE, ^N225 have a negative and significant effect on ^JKSE, ^HSI has a positive and significant effect on ^JKSE, and ^DJI, ^GSPC, ^GDAXI, ^FCHI, ^N225, ^HSI simultaneously has a significant effect on ^JKSE
in the period January 2017 to June 2019.

Redy Herinanto Albertus

http://jam.stieykpn.ac.id/index.php/jam/issue/view/133

STIE YKPN Yogyakarta

Desember 2020

Sri Wahyuni

P ISSN 2621-7031
E ISSN 2621-704X

PDF

Indonesian

Text

Jurnal Akuntansi dan Manajemen STIE YKPN Yogyakarta 2020