Integrasi Dinamis Pasar Modal Indonesia dengan Pasar Modal International pada Masa Pandemi Covid-19
In: AFRE (Accounting and Financial Review), Jg. 3 (2021), Heft 2, S. 143-151
Online
academicJournal
Zugriff:
The Covid-19 pandemic has an impact on the world economy especially on the stock mar-ket, thus the aim of this study is to determine whether there is dynamic integration be-tween the stock markets in Indonesia with the capital market in Asia and in the world during Covid-19 pandemic. This study uses return data from the closing price of 12 stock indices, namely ASX, DOWJONES, FTSE, HANGSENG, IHSG, KLSE, KOSPI, NIK-KEI, PSEI, SET, STI, and TAIWAN from January to December 2020 that have been ana-lyzed using DCC-GARCH. The results showed that the stock markets of both Indonesia, Asia and the world were dynamically integrated due to the global crisis of the Covid-19 pandemic. The results showed that there was a contagion effect on the stock market that occurred during the period when the Covid-19 pandemic crisis occurred. This research can be a reference for investors who want to invest in stocks in Indonesia during the Covid-19 pandemic. DOI: https://doi.org/10.26905/afr.v3i2.551
| Titel: |
Integrasi Dinamis Pasar Modal Indonesia dengan Pasar Modal International pada Masa Pandemi Covid-19
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| Autor/in / Beteiligte Person: | Stefany Cindy Sugiyanto ; Robiyanto, Robiyanto |
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| Zeitschrift: | AFRE (Accounting and Financial Review), Jg. 3 (2021), Heft 2, S. 143-151 |
| Veröffentlichung: | University of Merdeka Malang, 2021 |
| Medientyp: | academicJournal |
| ISSN: | 2598-7763 (print) ; 2598-7771 (print) |
| DOI: | 10.26905/afr.v3i2.5551 |
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