Jurnal Riset Multidisiplin dan Inovasi Teknologi
Том 2 № 01 (2024): Jurnal Riset Multidisiplin dan Inovasi Teknologi

Fluctuations in Stock Prices of Companies in Indonesia as an Impact of Organizing Presidential Elections: Time Series Component Analysis: Cyclical Variation

Ningrum, Herawati (Unknown)
Mediawati, Elis (Unknown)

Article Info

Publish Date
23 Oct 2023

Abstract

The objective of this study was to determine how non-economic events, such as the presidential election affect the Composite Stock Price Index. A descriptive quantitative method was used to collect secondary data from the Indonesia Stock Exchange (IDX) website. The data used is a historical data set from 1999 to 2019. The data was taken from the daily closing price of LQ45 on the JCI (Composite Stock Price Index). Analysis techniques using time series analysis. Data analysis used ARIMA (Autoregressive Integrated Moving Average) model. The study found that company stock prices changed due to presidential elections in 1999, 2004, 2009, and 2014. Suggestions for further research are to find techniques used as well as to include other elements that further influence investor decisions.

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Journal Info
Jurnal Riset Multidisiplin dan Inovasi Teknologi
Website

Abbrev

jimat

Publisher

Riset Press International

Subject

Agriculture, Biological Sciences & Forestry Economics, Econometrics & Finance Engineering Languange, Linguistic, Communication & Media Social Sciences

Description

Jurnal Riset Multidisiplin dan Inovasi Teknologi (JIMAT) is to promote excellence by providing a venue for academics, students, and practitioners to publish current and significant empirical and conceptual research or builds theory. The journal is a double-blind, peer reviewed, open access journal. ...