Integrasi Indeks Saham Pada Bursa Negara Kawasan Asia Pasifik

Financial liberalization that occur in many countries in the world will cause stock market in that countries are integrated. Asia Pacific stock markets are very potential for investors to investing their capital because the Asia Pacific stock markets are very potential to make maximum returns for th...

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Main Authors: I Wayan Tresna Wira Sentana, I Gde Kajeng Baskara
Format: Article
Language:Indonesian
Published: APMAI Press 2020-04-01
Series:J-MKLI (Jurnal Manajemen dan Kearifan Lokal Indonesia)
Subjects:
Online Access:https://journal.apmai.org/v2/index.php/jmkli/article/view/81/45
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author I Wayan Tresna Wira Sentana
I Gde Kajeng Baskara
author_facet I Wayan Tresna Wira Sentana
I Gde Kajeng Baskara
author_sort I Wayan Tresna Wira Sentana
collection DOAJ
description Financial liberalization that occur in many countries in the world will cause stock market in that countries are integrated. Asia Pacific stock markets are very potential for investors to investing their capital because the Asia Pacific stock markets are very potential to make maximum returns for the investors. The aim of this researches are to analyze integration that occur in the Asia Pacific stock markets and to know that Asia Pacific stock markets are suitable for investors to diversifying their portfolio. This research are using the closing price of the Asia Pacific stock markets from April 2011 – March 2019 using Johansen cointegration test and vector error correction model. The result shows that Asia Pacific stock markets are integrated shows with seven cointegrating values in Johansen cointegration test and investors cannot diversifying their portfolio in the Asia Pacific stock market because of positive correlation coefficient values from all of the variables.
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spelling doaj.art-1d441673997b48a8a7d38717d13ec1412022-12-28T07:46:40ZindAPMAI PressJ-MKLI (Jurnal Manajemen dan Kearifan Lokal Indonesia)2579-57912550-08562020-04-01413043Integrasi Indeks Saham Pada Bursa Negara Kawasan Asia PasifikI Wayan Tresna Wira Sentana0I Gde Kajeng Baskara1Fakultas Ekonomi dan Bisnis, Universitas UdayanaFakultas Ekonomi dan Bisnis, Universitas UdayanaFinancial liberalization that occur in many countries in the world will cause stock market in that countries are integrated. Asia Pacific stock markets are very potential for investors to investing their capital because the Asia Pacific stock markets are very potential to make maximum returns for the investors. The aim of this researches are to analyze integration that occur in the Asia Pacific stock markets and to know that Asia Pacific stock markets are suitable for investors to diversifying their portfolio. This research are using the closing price of the Asia Pacific stock markets from April 2011 – March 2019 using Johansen cointegration test and vector error correction model. The result shows that Asia Pacific stock markets are integrated shows with seven cointegrating values in Johansen cointegration test and investors cannot diversifying their portfolio in the Asia Pacific stock market because of positive correlation coefficient values from all of the variables.https://journal.apmai.org/v2/index.php/jmkli/article/view/81/45asia pacific stock marketintegrati onportfoliodiversification
spellingShingle I Wayan Tresna Wira Sentana
I Gde Kajeng Baskara
Integrasi Indeks Saham Pada Bursa Negara Kawasan Asia Pasifik
J-MKLI (Jurnal Manajemen dan Kearifan Lokal Indonesia)
asia pacific stock market
integrati on
portfolio
diversification
title Integrasi Indeks Saham Pada Bursa Negara Kawasan Asia Pasifik
title_full Integrasi Indeks Saham Pada Bursa Negara Kawasan Asia Pasifik
title_fullStr Integrasi Indeks Saham Pada Bursa Negara Kawasan Asia Pasifik
title_full_unstemmed Integrasi Indeks Saham Pada Bursa Negara Kawasan Asia Pasifik
title_short Integrasi Indeks Saham Pada Bursa Negara Kawasan Asia Pasifik
title_sort integrasi indeks saham pada bursa negara kawasan asia pasifik
topic asia pacific stock market
integrati on
portfolio
diversification
url https://journal.apmai.org/v2/index.php/jmkli/article/view/81/45
work_keys_str_mv AT iwayantresnawirasentana integrasiindekssahampadabursanegarakawasanasiapasifik
AT igdekajengbaskara integrasiindekssahampadabursanegarakawasanasiapasifik