Determinants of The Indonesia Composite Index Movement in The Covid-19 Pandemic Era
The Indonesia Composite Index, or the composite stock price index (IDX Composite), experienced a sharp decline at the beginning of the Covid-19 pandemic, from 6,323 in January to 3,937 in March 2020. If IDX composite continues to plummet in the long term, the worst impact will hit the performance of...
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| Format: | Article |
| Language: | English |
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EDP Sciences
2022-01-01
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| Series: | SHS Web of Conferences |
| Subjects: | |
| Online Access: | https://www.shs-conferences.org/articles/shsconf/pdf/2022/19/shsconf_icss2022_02045.pdf |
| _version_ | 1811308818863226880 |
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| author | Tumiwa Ramon Arthur Ferry Rooroh Agnes Ramey lasut Stevie Alan |
| author_facet | Tumiwa Ramon Arthur Ferry Rooroh Agnes Ramey lasut Stevie Alan |
| author_sort | Tumiwa Ramon Arthur Ferry |
| collection | DOAJ |
| description | The Indonesia Composite Index, or the composite stock price index (IDX Composite), experienced a sharp decline at the beginning of the Covid-19 pandemic, from 6,323 in January to 3,937 in March 2020. If IDX composite continues to plummet in the long term, the worst impact will hit the performance of issuers or public companies. This study aims to analyze the factors that influence the IDX Composite in the era of the Covid-19 pandemic. This research is a quantitative study using ARCH-GARCH analysis techniques and data testing using the EViews program. The population used in this study was IDX Composite, and the sample was IDX Composite from January to December 2020. The results showed that the rupiah exchange rate partially had a significant negative effect on the IDX Composite. Meanwhile, Bank Indonesia's interest rate has a significant and positive effect on the IDX Composite in the era of the Covid-19 pandemic. Meanwhile, Inflation did not significantly affect the IDX Composite in the era of the Covid-19 pandemic. |
| first_indexed | 2024-04-13T09:30:00Z |
| format | Article |
| id | doaj.art-4f45345057c84f979698f159fc1ea6c3 |
| institution | Directory Open Access Journal |
| issn | 2261-2424 |
| language | English |
| last_indexed | 2024-04-13T09:30:00Z |
| publishDate | 2022-01-01 |
| publisher | EDP Sciences |
| record_format | Article |
| series | SHS Web of Conferences |
| spelling | doaj.art-4f45345057c84f979698f159fc1ea6c32022-12-22T02:52:16ZengEDP SciencesSHS Web of Conferences2261-24242022-01-011490204510.1051/shsconf/202214902045shsconf_icss2022_02045Determinants of The Indonesia Composite Index Movement in The Covid-19 Pandemic EraTumiwa Ramon Arthur Ferry0Rooroh Agnes Ramey1lasut Stevie Alan2Economic Faculty, Universitas Negeri ManadoEconomic Faculty, Universitas Negeri ManadoEconomic Faculty, Universitas Negeri ManadoThe Indonesia Composite Index, or the composite stock price index (IDX Composite), experienced a sharp decline at the beginning of the Covid-19 pandemic, from 6,323 in January to 3,937 in March 2020. If IDX composite continues to plummet in the long term, the worst impact will hit the performance of issuers or public companies. This study aims to analyze the factors that influence the IDX Composite in the era of the Covid-19 pandemic. This research is a quantitative study using ARCH-GARCH analysis techniques and data testing using the EViews program. The population used in this study was IDX Composite, and the sample was IDX Composite from January to December 2020. The results showed that the rupiah exchange rate partially had a significant negative effect on the IDX Composite. Meanwhile, Bank Indonesia's interest rate has a significant and positive effect on the IDX Composite in the era of the Covid-19 pandemic. Meanwhile, Inflation did not significantly affect the IDX Composite in the era of the Covid-19 pandemic.https://www.shs-conferences.org/articles/shsconf/pdf/2022/19/shsconf_icss2022_02045.pdfidx compositeinflationinterest raterupiah exchange ratecovid-19 pandemic |
| spellingShingle | Tumiwa Ramon Arthur Ferry Rooroh Agnes Ramey lasut Stevie Alan Determinants of The Indonesia Composite Index Movement in The Covid-19 Pandemic Era SHS Web of Conferences idx composite inflation interest rate rupiah exchange rate covid-19 pandemic |
| title | Determinants of The Indonesia Composite Index Movement in The Covid-19 Pandemic Era |
| title_full | Determinants of The Indonesia Composite Index Movement in The Covid-19 Pandemic Era |
| title_fullStr | Determinants of The Indonesia Composite Index Movement in The Covid-19 Pandemic Era |
| title_full_unstemmed | Determinants of The Indonesia Composite Index Movement in The Covid-19 Pandemic Era |
| title_short | Determinants of The Indonesia Composite Index Movement in The Covid-19 Pandemic Era |
| title_sort | determinants of the indonesia composite index movement in the covid 19 pandemic era |
| topic | idx composite inflation interest rate rupiah exchange rate covid-19 pandemic |
| url | https://www.shs-conferences.org/articles/shsconf/pdf/2022/19/shsconf_icss2022_02045.pdf |
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