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
 
Contributor
 
Date 2017-05-30
 
Type info:eu-repo/semantics/article
info:eu-repo/semantics/publishedVersion
Peer-reviewed Article
 
Format application/pdf
 
Identifier http://ejournal.p-adri.org/index.php/aijbe/article/view/112
 
Source ADRI International Journal of Business and Economic; Vol 1, No 1 (2017): May 2017; 16-21
2549-4376
2549-4392
 
Language eng
 
Relation http://ejournal.p-adri.org/index.php/aijbe/article/view/112/110
 
Rights Copyright (c) 2017 ADRI International Journal of Business and Economic
https://creativecommons.org/licenses/by-nc-nd/4.0
 

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