EFFECT OF CERTIFICATE OF BANK INDONESIA (SBI), VALUE EXCHANGE AND DOW JONES INDUSTRIAL AVERAGE (DJI) TO INDEX JOINT STOCK PRICE (CSPI) (Empirical study on the Indonesia Stock Exchange from 2003 to 2010 period)

Lihat/Buka File Repository

Lihat/Buka File Peer Review

Tanggal

2011-10-17

Abstraksi

Capital markets play an important role in the economy of Indonesia, where the Composite Stock Price Index can be a leading economic indicator in a country. The movement of the index is strongly influenced by investor expectations of a fundamental condition of the country and globally. That new information will affect investors' expectations that ultimately will affect the JCI. Broadly speaking, there are three major factors that influence the movement of stock index are: domestic factors, foreign factors, and factors of capital flows to Indonesia. Domestic factors of fundamental factors of a country such as inflation, national income, the money supply, interest rates, as well as the rupiah. Various factors are considered to be fundamental effect on investor expectations that ultimately affect the index movement. Foreign factor is one of the implications of the forms of globalization and increasingly integrated capital markets around the world. These conditions allow the emergence of the influence of the advanced bourses (developed) such as stock Dow Jones ndustrial average (DJI) America's emerging markets.


Kata Kunci: SBI, exchange value, DJI, JCI

Bidang ilmu
Manajemen

Bibliografi

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