FOREIGN OWNERSHIP, STOCK PERFORMANCE-RISK, AND MACROECONOMIC FACTORS IN ASEAN COUNTRIES

FOREIGN OWNERSHIP, STOCK PERFORMANCE-RISK, AND MACROECONOMIC FACTORS IN ASEAN COUNTRIES

This research examines the impact of foreign ownership on stock performance-risk and macroeconomic factors in countries of the Association of Southeast Asian Nations (ASEAN). To examine our research question, we utilize annual panel data consisting of listed companies (2007 to 2018). We find that fo...

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Bibliographic Details
Main Authors: Ahmad Maulin Naufa, Mamduh M. Hanafi, I Wayan Nuka Lantara
Format: Article
Language:Indonesian
Published: Bank Indonesia 2021-04-01
Series:Bulletin Ekonomi Moneter dan Perbankan
Subjects:
foreign ownership;
stock performance;
risk;
macroeconomic factors;
asean countries
Online Access:https://www.bmeb-bi.org/index.php/BEMP/article/view/1165
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spelling doaj-64bd32c76d204f77bad1725204364b262021-04-20T03:20:52ZindBank IndonesiaBulletin Ekonomi Moneter dan Perbankan1410-80462460-91962021-04-0124115116810.21098/bemp.v24i1.11651165FOREIGN OWNERSHIP, STOCK PERFORMANCE-RISK, AND MACROECONOMIC FACTORS IN ASEAN COUNTRIESAhmad Maulin Naufa0Mamduh M. Hanafi1I Wayan Nuka Lantara2Bina Nusantara University, IndonesiaUniversitas Gadjah Mada, IndonesiaUniversitas Gadjah Mada, IndonesiaThis research examines the impact of foreign ownership on stock performance-risk and macroeconomic factors in countries of the Association of Southeast Asian Nations (ASEAN). To examine our research question, we utilize annual panel data consisting of listed companies (2007 to 2018). We find that foreign ownership enhances stock performance and gross domestic product, but it decreases risk, exchange, and interest rate. Conversely, performance and GDP attract foreign investors, but risk, exchange, and interest rates reduce it. Those results differ in diverse settings and countries.https://www.bmeb-bi.org/index.php/BEMP/article/view/1165foreign ownership;stock performance;risk;macroeconomic factors;asean countries
collection DOAJ
language Indonesian
format Article
sources DOAJ
author Ahmad Maulin Naufa
Mamduh M. Hanafi
I Wayan Nuka Lantara
spellingShingle Ahmad Maulin Naufa
Mamduh M. Hanafi
I Wayan Nuka Lantara
FOREIGN OWNERSHIP, STOCK PERFORMANCE-RISK, AND MACROECONOMIC FACTORS IN ASEAN COUNTRIES
Bulletin Ekonomi Moneter dan Perbankan
foreign ownership;
stock performance;
risk;
macroeconomic factors;
asean countries
author_facet Ahmad Maulin Naufa
Mamduh M. Hanafi
I Wayan Nuka Lantara
author_sort Ahmad Maulin Naufa
title FOREIGN OWNERSHIP, STOCK PERFORMANCE-RISK, AND MACROECONOMIC FACTORS IN ASEAN COUNTRIES
title_short FOREIGN OWNERSHIP, STOCK PERFORMANCE-RISK, AND MACROECONOMIC FACTORS IN ASEAN COUNTRIES
title_full FOREIGN OWNERSHIP, STOCK PERFORMANCE-RISK, AND MACROECONOMIC FACTORS IN ASEAN COUNTRIES
title_fullStr FOREIGN OWNERSHIP, STOCK PERFORMANCE-RISK, AND MACROECONOMIC FACTORS IN ASEAN COUNTRIES
title_full_unstemmed FOREIGN OWNERSHIP, STOCK PERFORMANCE-RISK, AND MACROECONOMIC FACTORS IN ASEAN COUNTRIES
title_sort foreign ownership, stock performance-risk, and macroeconomic factors in asean countries
publisher Bank Indonesia
series Bulletin Ekonomi Moneter dan Perbankan
issn 1410-8046
2460-9196
publishDate 2021-04-01
description This research examines the impact of foreign ownership on stock performance-risk and macroeconomic factors in countries of the Association of Southeast Asian Nations (ASEAN). To examine our research question, we utilize annual panel data consisting of listed companies (2007 to 2018). We find that foreign ownership enhances stock performance and gross domestic product, but it decreases risk, exchange, and interest rate. Conversely, performance and GDP attract foreign investors, but risk, exchange, and interest rates reduce it. Those results differ in diverse settings and countries.
topic foreign ownership;
stock performance;
risk;
macroeconomic factors;
asean countries
url https://www.bmeb-bi.org/index.php/BEMP/article/view/1165
work_keys_str_mv AT ahmadmaulinnaufa foreignownershipstockperformanceriskandmacroeconomicfactorsinaseancountries
AT mamduhmhanafi foreignownershipstockperformanceriskandmacroeconomicfactorsinaseancountries
AT iwayannukalantara foreignownershipstockperformanceriskandmacroeconomicfactorsinaseancountries
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