Harga minyak, perak, dan indeks pasar Indonesia dalam isu geopolitik global

Authors

  • Kelvin Rafel Tuisan Sam Ratulangi University
  • Jeilyn Jacobs Sam Ratulangi University

DOI:

https://doi.org/10.58784/ramp.93

Keywords:

geopolitics, return, market index, silver, oil

Abstract

The circumstances of global geopolitical in 2022 are likely to affect economic conditions in the world, including capital market activities. This study aims to determine the impact of changes in world oil and silver prices on market index conditions in Indonesia from March 1 2022 to December 31, 2022. Throughout the observation period, the Indonesian market index had a small average return and was less risky so it had less than optimal performance. In contrast, silver tends to have optimum performance because it has relatively high average returns and risks. The findings of this study also imply that changes in oil and silver prices tend not to have a significant impact on market indices in Indonesia. Under other assumptions, this study finds opportunities for changes in world silver prices to trigger an increase in market returns in Indonesia.

Downloads

Download data is not yet available.

References

Annisa, H., & Najicha, F. U. (2021). Konsekuensi geopolitik atas perdagangan internasional Indonesia. Jurnal Global Citizen: Jurnal Ilmiah Kajian Pendidikan Kewarganegaraan, 10(2), 8-14. DOI: 10.33061/jgz.v10i2.5768

Ari, A. P., Siwu, J., Sambur, M. S., & Kawulur, S. K. (2023). The return response on gold and crude oil during global geopolitical issues. The Contrarian: Finance, Accounting, and Business Research, 2(1), 12-17. DOI: 10.58784/cfabr.20

Basit, A. (2020). Pengaruh harga emas dan minyak dunia terhadap Indeks Harga Saham Gabungan (IHSG) periode 2016-2019. Revenue: Jurnal Manajemen Bisnis Islam, 1(2), 95-110. DOI: 10.24042/revenue.v1i2.6073

Beureukat, & Andriani, E. Y. (2021). Pengaruh harga minyak dunia, Indeks Dow Jones dan Indeks Hang Seng terhadap Indeks Harga Saham Gabungan periode 2016-2020. Oikonomia: Jurnal Manajemen, 17(1), 1-12. DOI: 10.47313/oikonomia.v17i1.1129

Dewi, I. P. (2020). Pengaruh inflasi, kurs, dan harga minyak dunia terhadap Indeks Harga Saham Gabungan di Bursa Efek Indonesia. Jurnal Ilmu Manajemen, 17(1), 10-19. https://journal.uny.ac.id/index.php/jim/article/view/34772/1432

Faraga, F., Chabachib, M., & Muharam, H. (2017). Analisis pengaruh harga minyak dan harga emas terhadap hubungan timbal-balik kurs dan Indeks Harga Saham Gabungan (IHSG) di Bursa Efek Indonesia (BEI) 2000-2013. Jurnal Bisnis Strategi, 21(1), 72-94. https://ejournal.undip.ac.id/index.php/jbs/article/view/14170

Gaol, T. R. L. (2023). Pengaruh risiko luar negeri terhadap pasar saham di Indonesia menggunakan metode ARDL. Jurnal Akuntansi Keuangan dan Bisnis, 16(1), 90-99. DOI: 10.35143/jakb.v16i1.5793

Gunawan, R. A. (2013). Analisis pengaruh return harga komoditi dunia terhadap return Indeks Harga Saham Gabungan di Indonesia periode 2000-2010. Jurnal Manajemen, 10(2), 128-142. DOI: 10.25170/jm.v10i2.836

Kapahang, M. M., & Robiyanto. (2019). Apakah logam mulia merupakan safe haven atau hedge pada beberapa pasar modal di dunia? Fokus Ekonomi: Jurnal Ilmiah Ekonomi, 14(2), 269-282. DOI: 10.34152/fe.14.2.269-282

Poetra, R. P. (2016). Pengaruh inflasi, harga minyak mentah, suku bunga, nilai tukar Rupiah terhadap Indeks Harga Saham Gabungan (IHSG) di Bursa Efek Indonesia. Jurnal Pendidikan Ekonomi, 4(3), 1-8. https://ejournal.unesa.ac.id/index.php/jupe/article/view/16312

Putra, A., & Robiyanto, R. (2019). The effect of commodity price changes and USD/IDR exchange rate on Indonesian mining companies’ stock return. Jurnal Keuangan dan Perbankan, 23(1), 97-108. DOI: 10.26905/jkdp.v23i1.2084

Rahayu, P. S. P. S., & Diatmika, I. P. G. (2023). Pengaruh inflasi, harga minyak dunia, dan Dow Jones Industrial Average terhadap Indeks Harga Saham Gabungan di Bursa Efek Indonesia (Periode Januari 2019-Agustus 2022). Jurnal Ilmiah Mahasiswa Akuntansi, 14(04), 1104-1111. https://ejournal.undiksha.ac.id/index.php/S1ak/article/view/61121

Rauf, M. A. A., & Rado, R. H. (2021). Geopolitik internasional heartland ke Asia Pasifik; Indonesia new competitor. Jurnal Pendidikan Kewarganegaraan Undiksha, 9(3), 893-904. https://ejournal.undiksha.ac.id/index.php/JJPP/article/view/39228

Robiyanto. (2017). Testing commodities as safe haven and hedging instrument on ASEAN's Five stock markets. Jurnal Ekonomi Kuantitatif Terapan, 10(2), 231-238. DOI: 10.24843/JEKT.2017.v10.i02.p11

Widjiantoro, S. T. (2023). Pengaruh Harga Komoditas Pertambangan Dunia Terhadap Indeks Saham Syariah Indonesia. Jurnal Ilmiah Ekonomi Islam, 9(3), 3324-3330. https://jurnal.stie-aas.ac.id/index.php/jei/article/view/10550

Downloads

Published

2024-01-23

How to Cite

Tuisan, K. R., & Jacobs, J. (2024). Harga minyak, perak, dan indeks pasar Indonesia dalam isu geopolitik global. Riset Akuntansi Dan Manajemen Pragmatis, 2(1), 20–28. https://doi.org/10.58784/ramp.93

Issue

Section

Articles