TRUMP’S ELECTED SHOCK EFFECT IN INDONESIAN STOCK MARKET
It is inevitable that the presidential election in the United States can caused stock market fluctuations both in the United States alone as well as in other countries, for example Indonesia. Using regression method and chow test this study aimed at the effects before and after the election of Donal...
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| Format: | Article |
| Language: | English |
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University of Brawijaya
2017-05-01
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| Series: | Journal of Indonesian Applied Economics |
| Subjects: | |
| Online Access: | http://jiae.ub.ac.id/index.php/jiae/article/view/199 |
| _version_ | 1797700974990589952 |
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| author | Vietha Devia Sagita |
| author_facet | Vietha Devia Sagita |
| author_sort | Vietha Devia Sagita |
| collection | DOAJ |
| description | It is inevitable that the presidential election in the United States can caused stock market fluctuations both in the United States alone as well as in other countries, for example Indonesia. Using regression method and chow test this study aimed at the effects before and after the election of Donald Trump as president of the United States on November 8, 2016. Using the data series shares the value of DJIA and ICI, this study analyzes the emergence of shock due to the change of president in United Staten share prices at the stock market in Indonesia. Based on the chow test result, the election of Donald Trump can provide a shock effect on ICI as well as DJIA, because the value of 6.917956 F count is larger than the value of 3,93 F table. DJIA positive influence on the value of ICI shares due to the election of Donald Trump is significantly below 5% at 1855.782. Meanwhile, before the election of Donald Trump DJIA has a negative influence on the ICI for - 1407.59. Based on that we can conclude that the election of Donald Trump bring a good impact on the growth of the Indonesian stock market. |
| first_indexed | 2024-03-12T04:28:39Z |
| format | Article |
| id | doaj.art-49b7ae7a5d114a9895a62e5a1951c3d0 |
| institution | Directory Open Access Journal |
| issn | 1907-7947 2541-5395 |
| language | English |
| last_indexed | 2024-03-12T04:28:39Z |
| publishDate | 2017-05-01 |
| publisher | University of Brawijaya |
| record_format | Article |
| series | Journal of Indonesian Applied Economics |
| spelling | doaj.art-49b7ae7a5d114a9895a62e5a1951c3d02023-09-03T10:14:18ZengUniversity of BrawijayaJournal of Indonesian Applied Economics1907-79472541-53952017-05-0171718310.21776/ub.jiae.2017.007.01.5174TRUMP’S ELECTED SHOCK EFFECT IN INDONESIAN STOCK MARKETVietha Devia Sagita0brawijaya universityIt is inevitable that the presidential election in the United States can caused stock market fluctuations both in the United States alone as well as in other countries, for example Indonesia. Using regression method and chow test this study aimed at the effects before and after the election of Donald Trump as president of the United States on November 8, 2016. Using the data series shares the value of DJIA and ICI, this study analyzes the emergence of shock due to the change of president in United Staten share prices at the stock market in Indonesia. Based on the chow test result, the election of Donald Trump can provide a shock effect on ICI as well as DJIA, because the value of 6.917956 F count is larger than the value of 3,93 F table. DJIA positive influence on the value of ICI shares due to the election of Donald Trump is significantly below 5% at 1855.782. Meanwhile, before the election of Donald Trump DJIA has a negative influence on the ICI for - 1407.59. Based on that we can conclude that the election of Donald Trump bring a good impact on the growth of the Indonesian stock market.http://jiae.ub.ac.id/index.php/jiae/article/view/199DJIA, ICI, Stock Market, American Presidential Election |
| spellingShingle | Vietha Devia Sagita TRUMP’S ELECTED SHOCK EFFECT IN INDONESIAN STOCK MARKET Journal of Indonesian Applied Economics DJIA, ICI, Stock Market, American Presidential Election |
| title | TRUMP’S ELECTED SHOCK EFFECT IN INDONESIAN STOCK MARKET |
| title_full | TRUMP’S ELECTED SHOCK EFFECT IN INDONESIAN STOCK MARKET |
| title_fullStr | TRUMP’S ELECTED SHOCK EFFECT IN INDONESIAN STOCK MARKET |
| title_full_unstemmed | TRUMP’S ELECTED SHOCK EFFECT IN INDONESIAN STOCK MARKET |
| title_short | TRUMP’S ELECTED SHOCK EFFECT IN INDONESIAN STOCK MARKET |
| title_sort | trump s elected shock effect in indonesian stock market |
| topic | DJIA, ICI, Stock Market, American Presidential Election |
| url | http://jiae.ub.ac.id/index.php/jiae/article/view/199 |
| work_keys_str_mv | AT viethadeviasagita trumpselectedshockeffectinindonesianstockmarket |