Do Foreign And Local Ownership Affect Stock Prices In Indonesian Capital Markets

ADRI International Journal of Business and Economic

View Publication Info
Field Value
Title Do Foreign And Local Ownership Affect Stock Prices In Indonesian Capital Markets
Creator Wihartanto, Wihartanto
Naomi, Prima
Subject investor ownership; foreign investor ownership; local investor ownership; stock price change
Description Investors in Indonesian capital markets comprise foreign investors and localinvestors whose securities ownerships recorded electronically. Presumably,investor ownership strongly affects movement of stock prices. Capital marketexperts and observers have different opinions as to the impact of securitiesownership by foreign investors. Some are of the opinion that securitiesownership by foreigners does have impact on the price others state no impact.This study has the purpose to observe the impact of securities ownership byinvestors on stock prices on IDX. This study used the monthly data onsecurities ownership for the period of January 2015 up to December 2015 fromall shares listed on IDX. The result of study indicates that change in thesecurities ownership by foreigners has significant negative impacts on changein stock prices, ownership by local investors has significant positive impact onchange in stock prices. Meanwhile, by sector, securities ownership by foreigninvestors has diverse impacts on stock price change
Publisher ADRI
Date 2017-05-30
Type info:eu-repo/semantics/article
Peer-reviewed Article
Format application/pdf
Source ADRI International Journal of Business and Economic; Vol 1, No 1 (2017): May 2017; 16-21
Language eng
Rights Copyright (c) 2017 ADRI International Journal of Business and Economic

Contact Us

The PKP Index is an initiative of the Public Knowledge Project.

For PKP Publishing Services please use the PKP|PS contact form.

For support with PKP software we encourage users to consult our wiki for documentation and search our support forums.

For any other correspondence feel free to contact us using the PKP contact form.

Find Us


Copyright © 2015-2018 Simon Fraser University Library