Formosa Journal of Applied Sciences (FJAS)
Vol. 2 No. 12 (2023): December 2023

Efficient Market Hypothesis Analysis on the Indonesian Stock Exchange on the Asean Stock Market

Daniel Fernando Siahaan (Unknown)

Article Info

Publish Date
17 Dec 2023

Abstract

This research aims to analyze the performance of Indonesia Stock Exchange to ASEAN stock market during the period 2018-2022. The technique of determining the sample using purposive sampling method and 6 countries as samples are Indonesia, Singapore, Malaysia, Vietnam and Philippines. Hypothesis testing in this study used Descriptive Statistics Analysis, Test Run and Kolomogorov Smirnov with a significance level of 0.05. Test results show that: (1) Indonesia Stock Exchange has the highest efficient rating in ASEAN stock market (2) ASEAN Stock Exchange effect on Indonesia Stock Exchange. (3) The Indonesia Stock Exchange has a stock return pattern that fluctuates normally in the ASEAN stock market.

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Journal Info
Formosa Journal of Applied Sciences (FJAS)
Website

Abbrev

fjas

Publisher

PT FORMOSA CENDEKIA GLOBAL

Subject

Control & Systems Engineering Decision Sciences, Operations Research & Management Education Engineering Social Sciences

Description

Formosa Journal of Applied Sciences (FJAS) seeks to propose and disseminate the knowledge by publishing original research findings and novelties, review articles and short communications in the wide spectrum of applied sciences. Scope of the journal includes: Biology, chemistry, physics, ...