Pengaruh Indeks Harga Saham Global terhadap Indeks Harga Saham Indonesia Studi Kasus Sebelum dan Selama Periode Covid- 19

Abstract

This study was conducted to examine the effect of the five largest stock price indices in
the world on the Indonesian Composite Stock Price Index in the time series before the COVID-19
pandemic and during the COVID-19 pandemic, taken from January 1, 2015 June 30, 2022. This
study uses the stepwise regression method. The results in this study indicate that in the period
before the COVID-19 pandemic the variables that affected the IHSG were the New York Stock
Exchange and Euronext N.V, each of which had a positive effect, while during the COVID-19
pandemic the variables that affected the IHSG were New York Stocks. Exchange, Nasdaq Stock
Market, Shanghai Stock Exchange, and Euronext N.V with the results of the New York Stock
Exchange and Shanghai Stock Exchange having a positive effect, Nasdaq Stock Market and
Euronext N.V having a negative effect.