The Factors Affecting the Composite Stock Price Index (CSPI) of Indonesia Stock Exchange

The study examines the influence of The Fed Rate, inflation, Dow Jones Index (DJI), exchange rate, and world oil price on the composite stock price index (CSPI) in Indonesia. The method used in this study was the Vector Error Correction Model (VECM). The research showed that the influence of inflati...

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Autores principales:	Nano Prawoto, Bagus Ardyan Putra
Formato:	article
Lenguaje:	EN
Publicado:	Universitas Muhammadiyah Yogyakarta 2020
Materias:	the fed rate inflation stock price index exchange rate world oil price Economic theory. Demography HB1-3840
Acceso en línea:	https://doaj.org/article/86fb94ff6efc45128248cfc52f93be0f
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id	oai:doaj.org-article:86fb94ff6efc45128248cfc52f93be0f
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spelling	oai:doaj.org-article:86fb94ff6efc45128248cfc52f93be0f2021-12-02T11:09:33ZThe Factors Affecting the Composite Stock Price Index (CSPI) of Indonesia Stock Exchange1411-99002541-5506https://doaj.org/article/86fb94ff6efc45128248cfc52f93be0f2020-04-01T00:00:00Zhttps://journal.umy.ac.id/index.php/esp/article/view/7994https://doaj.org/toc/1411-9900https://doaj.org/toc/2541-5506The study examines the influence of The Fed Rate, inflation, Dow Jones Index (DJI), exchange rate, and world oil price on the composite stock price index (CSPI) in Indonesia. The method used in this study was the Vector Error Correction Model (VECM). The research showed that the influence of inflation towards the composite stock price index was negative both in the short term and long term. The influence of the exchange rate towards the composite stock price index was positive both short term and long term. The impact of oil price towards composite stock price index was positive in the short term and long term. However, both the Dow Jones Index (DJI) and The Fed Rate had a negative effect on the composite stock price index. The results of this analysis can be used as a reference for investor and government policymakingNano PrawotoBagus Ardyan PutraUniversitas Muhammadiyah Yogyakartaarticlethe fed rateinflationstock price indexexchange rateworld oil priceEconomic theory. DemographyHB1-3840ENJurnal Ekonomi & Studi Pembangunan, Vol 21, Iss 1, Pp 69-83 (2020)
institution	DOAJ
collection	DOAJ
language	EN
topic	the fed rate inflation stock price index exchange rate world oil price Economic theory. Demography HB1-3840
spellingShingle	the fed rate inflation stock price index exchange rate world oil price Economic theory. Demography HB1-3840 Nano Prawoto Bagus Ardyan Putra The Factors Affecting the Composite Stock Price Index (CSPI) of Indonesia Stock Exchange
description	The study examines the influence of The Fed Rate, inflation, Dow Jones Index (DJI), exchange rate, and world oil price on the composite stock price index (CSPI) in Indonesia. The method used in this study was the Vector Error Correction Model (VECM). The research showed that the influence of inflation towards the composite stock price index was negative both in the short term and long term. The influence of the exchange rate towards the composite stock price index was positive both short term and long term. The impact of oil price towards composite stock price index was positive in the short term and long term. However, both the Dow Jones Index (DJI) and The Fed Rate had a negative effect on the composite stock price index. The results of this analysis can be used as a reference for investor and government policymaking
format	article
author	Nano Prawoto Bagus Ardyan Putra
author_facet	Nano Prawoto Bagus Ardyan Putra
author_sort	Nano Prawoto
title	The Factors Affecting the Composite Stock Price Index (CSPI) of Indonesia Stock Exchange
title_short	The Factors Affecting the Composite Stock Price Index (CSPI) of Indonesia Stock Exchange
title_full	The Factors Affecting the Composite Stock Price Index (CSPI) of Indonesia Stock Exchange
title_fullStr	The Factors Affecting the Composite Stock Price Index (CSPI) of Indonesia Stock Exchange
title_full_unstemmed	The Factors Affecting the Composite Stock Price Index (CSPI) of Indonesia Stock Exchange
title_sort	factors affecting the composite stock price index (cspi) of indonesia stock exchange
publisher	Universitas Muhammadiyah Yogyakarta
publishDate	2020
url	https://doaj.org/article/86fb94ff6efc45128248cfc52f93be0f
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The Factors Affecting the Composite Stock Price Index (CSPI) of Indonesia Stock Exchange

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