Indice del volume

2021, Volume 74 - Issue 1

ISSN: 2499-8265
Citationi RSS feed: At RePEc
Data di pubblicazione: 17 febbraio 2021


Emmanuel Wiafe, Lucy Anning

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Indra Darmawan, Dedi Budiman Hakim, Adler Haymans Manurung, Hermanto Siregar

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Ahmad Alawadhi, Sheikha Al-Fulaij, Nadia Al-Musallam, Wafa Awadh, Nadeem A. Burney, Ayele Gelan

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Goodness C. Aye

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Chien- Hui Lee , Jen-Yao Lee, Leonard F.S. Wang

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Amedeo Amato

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Camera di Commercio di Genova
Economia Internazionale / International Economics

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Autore corrispondente

Indra DARMAWAN, School of Business, IPB University, Bogor, Indonesia and Indonesia Banking School, Jakarta, Indonesia


Dedi Budiman HAKIM, School of Business, IPB University, Bogor, Indonesia and Faculty of Economics and Management, IPB University, Bogor, Indonesia

Adler Haymans MANURUNG, School of Business, IPB University, Bogor, Indonesia and Faculty of Economics and Management, IPB University, Bogor, Indonesia

Hermanto SIREGAR, School of Business, IPB University, Bogor, Indonesia and Faculty of Economics and Management, IPB University, Bogor, Indonesia

Crude Oil Price Movements and Stock Trading Activity: Evidence from Indonesia




I movimenti del prezzo del petrolio crudo e le contrattazioni azionarie: studio del caso Indonesia

L’attività di negoziazione azionaria riflette la dinamica di un comportamento del mercato azionario stesso e diventa un indicatore importante del suo sviluppo. Questo articolo osserva gli effetti dei movimenti del prezzo del petrolio crudo sulle contrattazioni azionarie in Indonesia, registrate tramite il Jakarta composite index (JCI), il volume delle transazioni azionarie (VolT), il valore delle transazioni azionarie (ValT) e la capitalizzazione del mercato (MCap). È stato applicato un approccio VECM per osservarne gli effetti. I risultati evidenziano che i movimenti del prezzo del petrolio crudo hanno un effetto significativo su questi indicatori. L’analisi IRF (Impulse Response Functions) mostra che quegli indicatori danno risposte significative ai movimenti del prezzo del petrolio crudo e l’analisi di decomposizione di varianza (FEVD) mostra che tali movimenti contribuiscono alla variabilità delle attività di contrattazione azionaria in Indonesia.

Classificazione JEL

C58, F65, G12, Q43

Parole chiave

Crude Oil Price Movement, Stock Trading Activity, Time Series Analysis, VECM

Indice dell'articolo

  1. Introduction
  2. Literature review
  3. Data and methodology
  4. Results
  5. Conclusion and suggestions


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