International Journal of Social Service and Research
Vol. 3 No. 4 (2023): International Journal of Social Service and Research (IJSSR)

The Effect of Cryptocurrency Returns and Cryptocurrency Volume on the Stock Price Index of Indonesia, Singapore, Thailand

Ami Putri Utami (Management Study Program, Faculty of Business and Economics, Universitas Islam Indonesia)
Kartini Kartini (Management Study Program, Faculty of Business and Economics, Universitas Islam Indonesia)



Article Info

Publish Date
18 Apr 2023

Abstract

The title of this study is to analyze the effect of cryptocurrency returns and cryptocurrency volume on the stock price indices of Indonesia, Singapore and Thailand. This research was conducted using the panel data regression method by combining cross section data with time series data using Eviews software. This study uses cryptocurrency returns and volumes in a weekly period from 1 January 2018 to 31 December 2021 for 48 weeks for each country with a total of 144 data. The results of this study indicate that cryptocurrency returns have a significant positive effect on the stock price indexes of Indonesia, Singapore, and Thailand. and cryptocurrency volume has a significant positive effect on the stock price indices of Indonesia, Singapore and Thailand.

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Journal Info

Abbrev

ijssr

Publisher

Subject

Decision Sciences, Operations Research & Management Economics, Econometrics & Finance Environmental Science Languange, Linguistic, Communication & Media Law, Crime, Criminology & Criminal Justice Social Sciences

Description

International Journal of Social Service and Research is a double-blind, peer-reviewed academic journal with open access to social and scientific fields. The journal is published monthly by Ridwan Institute. International Journal of Social Service and Research provides a means for sustained ...