KETERKAITAN DINAMIS PASAR SAHAM INDONESIA DAN ASIA PASIFIK
This study aimed to detect and identify short-term dynamic linkages between Indonesian stock market andAsia-Pacific stock markets during the period of January 2nd, 2003 until December 31st, 2009 by using theimpulse response function analysis and forecast error variance decomposition. The period was...
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| Format: | Article |
| Language: | English |
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Universitas Merdeka Malang
2017-03-01
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| Series: | Jurnal Keuangan dan Perbankan |
| Subjects: | |
| Online Access: | http://jurnal.unmer.ac.id/index.php/jkdp/article/view/1042 |
| _version_ | 1819026256852680704 |
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| author | Haryo Suparmun |
| author_facet | Haryo Suparmun |
| author_sort | Haryo Suparmun |
| collection | DOAJ |
| description | This study aimed to detect and identify short-term dynamic linkages between Indonesian stock market andAsia-Pacific stock markets during the period of January 2nd, 2003 until December 31st, 2009 by using theimpulse response function analysis and forecast error variance decomposition. The period was divided intosub-period of before, during, and after the global financial crisis. The results showed that Indonesian stockmarket responded positively to each shock caused by the Asia-Pacific stock markets. The response becamestronger during crisis sub-period. This condition proved a significant increase of short-term dynamic linkagesbetween Indonesian stock market and other Asia Pacific during the global financial crisis. After crisis sub-period, many Asian-Pacific stock markets’ shocks were responded negatively by Indonesian stock market.Australian, China and Hong Kong stock markets were the top three in share among the countries of the AsiaPacific contributing to influence the Indonesian stock market movements |
| first_indexed | 2024-12-21T05:23:42Z |
| format | Article |
| id | doaj.art-0c88757825ad46f2854edf2bf19987eb |
| institution | Directory Open Access Journal |
| issn | 1410-8089 2443-2687 |
| language | English |
| last_indexed | 2024-12-21T05:23:42Z |
| publishDate | 2017-03-01 |
| publisher | Universitas Merdeka Malang |
| record_format | Article |
| series | Jurnal Keuangan dan Perbankan |
| spelling | doaj.art-0c88757825ad46f2854edf2bf19987eb2022-12-21T19:14:44ZengUniversitas Merdeka MalangJurnal Keuangan dan Perbankan1410-80892443-26872017-03-01161757KETERKAITAN DINAMIS PASAR SAHAM INDONESIA DAN ASIA PASIFIKHaryo Suparmun0Sekolah Tinggi Ilmu Ekonomi (STIE) Trisakti Jl. Kiai Tapa No.20 Grogol, Jakarta Barat, 11440This study aimed to detect and identify short-term dynamic linkages between Indonesian stock market andAsia-Pacific stock markets during the period of January 2nd, 2003 until December 31st, 2009 by using theimpulse response function analysis and forecast error variance decomposition. The period was divided intosub-period of before, during, and after the global financial crisis. The results showed that Indonesian stockmarket responded positively to each shock caused by the Asia-Pacific stock markets. The response becamestronger during crisis sub-period. This condition proved a significant increase of short-term dynamic linkagesbetween Indonesian stock market and other Asia Pacific during the global financial crisis. After crisis sub-period, many Asian-Pacific stock markets’ shocks were responded negatively by Indonesian stock market.Australian, China and Hong Kong stock markets were the top three in share among the countries of the AsiaPacific contributing to influence the Indonesian stock market movementshttp://jurnal.unmer.ac.id/index.php/jkdp/article/view/1042stock market, global financial crisis, impulse response function, forecast error variance decompo- sition |
| spellingShingle | Haryo Suparmun KETERKAITAN DINAMIS PASAR SAHAM INDONESIA DAN ASIA PASIFIK Jurnal Keuangan dan Perbankan stock market, global financial crisis, impulse response function, forecast error variance decompo- sition |
| title | KETERKAITAN DINAMIS PASAR SAHAM INDONESIA DAN ASIA PASIFIK |
| title_full | KETERKAITAN DINAMIS PASAR SAHAM INDONESIA DAN ASIA PASIFIK |
| title_fullStr | KETERKAITAN DINAMIS PASAR SAHAM INDONESIA DAN ASIA PASIFIK |
| title_full_unstemmed | KETERKAITAN DINAMIS PASAR SAHAM INDONESIA DAN ASIA PASIFIK |
| title_short | KETERKAITAN DINAMIS PASAR SAHAM INDONESIA DAN ASIA PASIFIK |
| title_sort | keterkaitan dinamis pasar saham indonesia dan asia pasifik |
| topic | stock market, global financial crisis, impulse response function, forecast error variance decompo- sition |
| url | http://jurnal.unmer.ac.id/index.php/jkdp/article/view/1042 |
| work_keys_str_mv | AT haryosuparmun keterkaitandinamispasarsahamindonesiadanasiapasifik |