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ANALYSIS OF THE INFLUENCE OF THE UNITED STATES (US) AND CHINA ECONOMIC POLICY UNCERTAINTY (EPU) ON STOCK VOLATILITY IN 5 ASEAN COUNTRIES BEFORE AND DURING COVID-19 Khaeru Nisa Aulia Urakhma; Harjum Muharram
International Journal of Economics, Business and Accounting Research (IJEBAR) Vol 5, No 4 (2021): IJEBAR : Vol. 05, Issue 04, December 2021
Publisher : LPPM ITB AAS INDONESIA (d.h STIE AAS Surakarta)

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.29040/ijebar.v5i4.3931

Abstract

The purpose of this study is to analyze the effect of Economic Policy Uncerianty (EPU) on the volatility of the ASEAN 5 stock market. The method used in this study is a quantitative research method using a regression model and Generalized Autoregressive Conditional Heteroscedasticity (GARCH). The sample of this research is 5 ASEAN countries, namely Indonesia, Malaysia, Singapore, Thailand and the Philippines. The results showed that the United States EPU found a positive effect on the volatility of the stock market indexes of Malaysia, Singapore, and Thailand while Indonesia and the Philippines did not have a positive effect in the period before and during COVID-19. China's EPU has no effect on the volatility of the ASEAN 5 stock market indexes before and during COVID-19. This study also finds that the volatility of the previous period affects the volatility of the current ASEAN 5 stock market index before and during COVID-19. Keywords: Economic Policy Uncertainty (EPU), GARCH, Volatility of stock market indices, COVID-19 pandemic
The Influence of Financial Adequacy, Religiosity, Humanity and Institutions on Donating Behavior at LAZISMU Magelang City Ariq Fikria Niagasi; Harjum Muharram
Budapest International Research and Critics Institute-Journal (BIRCI-Journal) Vol 5, No 3 (2022): Budapest International Research and Critics Institute August
Publisher : Budapest International Research and Critics University

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.33258/birci.v5i3.6012

Abstract

The huge potential of zakat in Indonesia makes it an opportunity for zakat institutions in Indonesia to collect zakat funds from the public. Based on the 2020 Census data by the Central Statistics Agency, there are 270 20 million people in Indonesia. 70.72% are of productive age, which can be a potential muzakki zakat income, and 85% are Muslim. However, the income zakat collected in Indonesia is still relatively small. At the same time, the number of zakat institutions in Indonesia is enormous. This study uses quantitative methods, and the research data is obtained by distributing questionnaires to donors containing questions related to donors' behavior in giving donations to Lazismu, Magelang City. So it is found that the data that the donors who secure their contributions through Lazismu Magelang City are not because of the problem of whether or not their financial strength is sufficient or not to meet their daily needs but because of the high level of concern among others.