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The Effect of Foreign Stock Index and Macroeconomic to Composite Index in Indonesian Stock Exchange

Jurnal Manajemen Indonesia, Vol. 15, No. 3, Des 2015, ISSN: 1411-7835

Posted: 27 Nov 2017

See all articles by Rowland Bismark Pasaribu

Rowland Bismark Pasaribu

NAMOURA Research Institute; Gunadarma University

Date Written: Desember 10, 2015

Abstract

This study aimed to get empirical evidence global stock indices: Dow Jones Industrial Average, Shanghai Stock Exchange Composite, Strait Times Index, and macroeconomic variable: inflation, BI Rate, world oil prices, exchange rate IDR/USD toward the JCI. This research was conducted by examine the data on January 2010 – December 2014 period. The research technique using multiple linear regression analysis. The result is Strait Times Index and exchange rate IDR/USD influence on the JCI, Dow Jones Industrial Average, Shanghai Stock Exchange, inflation, BI rate, and world oil price not influence on the JCI.

Keywords: global stock indices, macroeconomic, Foreign Exchange

JEL Classification: G10, G11, G15

Suggested Citation

Pasaribu, Rowland Bismark, The Effect of Foreign Stock Index and Macroeconomic to Composite Index in Indonesian Stock Exchange (Desember 10, 2015). Jurnal Manajemen Indonesia, Vol. 15, No. 3, Des 2015, ISSN: 1411-7835, Available at SSRN: https://ssrn.com/abstract=3075059

Rowland Bismark Pasaribu (Contact Author)

NAMOURA Research Institute ( email )

Jl. Komando III/2 No.37
Setiabudi
South Jakarta, DKI Jakarta 12920
Indonesia

Gunadarma University ( email )

Margonda Raya 100
Pondokcina, Depok
Jakarta, West Java 62-16424
Indonesia

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