Veteran Economics, Management & Accounting Review
Vol 2 No 2 (2024)

DETERMINASI INDEKS SAHAM SYARIAH

Afrinal, Rizki (Unknown)



Article Info

Publish Date
28 Mar 2024

Abstract

This study aims to determine the effect of international sharia stock indexes and macroeconomics on the price of the Jakarta Islamic Index. This study uses the Dow Jones Islamic Market World Index (DJIM), S&P 500 Shariah (SPSHX), and FTSE All-World Sharia Index (FTSES) as variables that represent international Islamic stock indices as well as interest rates (IR), inflation, and exchange rates. (ER) as a variable that represents Indonesia's macroeconomic conditions. Using the Vector Error Correction Model (VECM) method, this study shows that inflation, exchange rate, DJIM, SPSHX and FTSES have a significant influence on JII in the long term, whereas in the short term only inflation and interest rates have a significant effect on JII

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Journal Info

Abbrev

vemar

Publisher

Subject

Humanities Decision Sciences, Operations Research & Management Economics, Econometrics & Finance Education Social Sciences

Description

Veteran Economics, Management & Accounting Review (VEMAR) seeks to publish both theoretical and empirical papers in the fields of economics, management & accounting in private sector as well as public sector. VEMAR covers but is not limited to: Accounting Area: Financial Accounting Auditing Taxation ...