Interaksi Dinamis antara Harga Saham dan Nilai Tukar Rupiah terhadap Dolar Amerika Serikat  

Oleh:

Saadah, Siti ; Panjaitan, Yunia

Jenis: Article from Proceeding
Dalam koleksi: Prosiding penelitian 2005 & 2006, page 1-19.
Topik: Exchange rate; Business school; Intellectual character; Free trade; vector autoregression
Fulltext: Interaksi Dinamis antara Harga Saham.pdf (1.95MB)

Ketersediaan

Perpustakaan Pusat (Semanggi) Nomor Panggil: 378.1 PRO Non-tandon: 1 (dapat dipinjam: 1) Tandon: 1

Reserve Lihat Detail Induk

Isi artikel

Fluctuations in the exchange rate can affect the values of the firm through the changes in the terms of competition, the input prices, and in the value of foreign currency-denominated assets. Finally this condition can affect the firm's and aggregate stock price. Conversely, changes in stock price may influence the movement in the exchange rate through firm's portfolio adjustment. This paper examines the dynamic interaction between exchange rate and stock price in Indonesia using daily data January, 2001 - December, 2004 periods. Vector Autoregression is used as method of analysis. The empirical results show that there is no significant interaction between variables under study. Variance decomposition analysis shows that the variation of each variable is mainly due to its own innovation.

Opini Anda

Klik untuk menuliskan opini Anda tentang koleksi ini!

Kembali