Image of Dampak Perubahan Harga Minyak Mentah Terhadap Indeks Saham Syariah Indonesia (ISSI) Sektoral Periode 2011-2021

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Dampak Perubahan Harga Minyak Mentah Terhadap Indeks Saham Syariah Indonesia (ISSI) Sektoral Periode 2011-2021

This study aims to analyze the short-term impact of changes in Brent crude oil prices on the return of sectoralized Indonesian Sharia Shares based on The Global Industry Classification Standard (GICS) classification. This study is primarily intended for investors and portfolio managers to be used as a reference in compiling sector-based Islamic stock portfolios. This study used weekly data from May 12 2011 to December 30 2021. During this period, there was a sharp decline in world oil prices in 2014. Thus, researcher divided the study into 3 models, namely the overall period, the period before and after the decline in oil prices in 2014. This research is a quantitative research with descriptive statistics. Using the time series method with the ARDL model, the researcher found that changes in Brent oil prices has a positive short-term relationship with the energy, consumer discretionary, industrial, real estate, and communications sectors and a negative relationship with the health and information technology sectors. It was also found that there was no short-term relationship between changes in Brent oil prices and ISSI returns in the consumer staples and materials sector.

Ketersediaan

Call NumberLocationAvailable
13916PSB lt.2 - Karya Akhir1
Penerbit Depok Program Studi Bisnis Islam Fakultas Ekonomi dan Bisnis Universitas Indonesia.,
Edisi -
Subjek Crude oil prices
Stock Returns
Sectoral Stock Indices
Indonesia Sharia Stock Index
ISBN/ISSN -
Klasifikasi NONE
Deskripsi Fisik xvi, 86 p. ; diagr. ; 30 cm
Info Detail Spesifik -
Other Version/Related Tidak tersedia versi lain
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