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All Journal Jurnal Keuangan dan Perbankan Proceeding of the International Conference on Family Business and Entrepreneurship (ICFBF)
Mei Siang Jemima Aurelia
President University
Economics, Econometrics & Finance

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Impacts of macroeconomics factors toward IDX composite and IDX finance during Covid-19 pandemic Mei Siang Jemima Aurelia; Ranny Febrianti; Edwin Setiawan Nugraha
Proceeding of the International Conference on Family Business and Entrepreneurship 2022: Proceeding of the 5th International Conference on Family Business and Entrepreneurship
Publisher : President University

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (636.574 KB) | DOI: 10.33021/icfbe.v2i1.3556

Abstract

Macroeconomics is the branch of economy that deals with activity, structure, behaviour and decision making of economy as a whole. IDX Composite and IDX Finance are stock market indices used by Indonesia Stock Exchange, unfortunately, relationship between macroeconomics and IDX composite and IDX finance during COVID-19 period in Indonesia is still poorly understood. This research aimed to investigate the impacts of macroeconomics factor included Inflation Rate, Bank Indonesia rate (BI Rate), the exchange rate on IDR, and monthly new cases of COVID-19 in Indonesia on IDX Composite and IDXFINANCE, respectively. The analysis was using multiple linear regression method. The result indicated that BI Rate negatively significantly impacted both IDX Composite and IDXFINANCE. While, Indonesian inflation and USD to IDR exchange rate, gave significant impact on IDX Composite, consecutively positively and negatively. Partial test indicated that COVID-19 monthly cases in Indonesia did not impact both IDX Composite and IDXFINCANCE. In addition, Indonesian inflation and USD to IDR exchange rate also did not impact IDXFINANCE.  Overall test illustrated that all of the mentioned macroeconomics variables impacted both IDX Composite and IDXFINANCE. This research is expected to help investors and traders in making futures investment decision.
Comparison of Microeconomics and Stock Returns Relationships in Financial Sector in 2019 and 2020 Mei Siang Jemima Aurelia; Edwin Setiawan Nugraha
Jurnal Keuangan dan Perbankan Vol 26, No 3 (2022): JULY 2022
Publisher : University of Merdeka Malang

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.26905/jkdp.v26i3.7877

Abstract

Stock return is crucial to analyze before making investment since gaining return is the main objective. The analyzing can implement fundamental analysis which involves microeconomics variables of company. According to IDX, financial sector generates the highest return, unfortunately it is still volatile. Moreover, since COVID-19 pandemic, economic situation becomes unstable. This research aims to analyze and compare partial and simultaneous relationship of microeconomics variables (Book Value Per Share, Price to Book Value, Price Earning Ratio, Debt to Equity Ratio, Net Profit Margin and Debt Ratio) with stock return in financial sector main board companies in 2019 (before COVID-19 pandemic) and 2020 (during COVID-19 pandemic). Multiple linear regression is implemented and resulting that in 2019, only Price to Book Value, Price Earning Ratio and Net Profit Margin have significant relationship with stock return. In 2020, only Price Earning Ratio and Debt to Equity Ratio have significant relationship with stock return. For both years, simultaneous relationship between all microeconomics variables and stock return are found. The result can be used for investor and main board financial sector companies.
Co-Authors Edwin Setiawan Nugraha Ranny Febrianti