DO FOREIGN FUNDS AFFECT INDONESIAN CAPITAL MARKET LIQUIDITY?
نویسندگان
چکیده
Trading Volume (Liquidity) is the perfect complement to returns. Therefore, research regarding volume becomes an important thing in capital market. Various factors that influence Liquidity (TV) are bid-ask spread; interest rates, exchange and foreign funds. The study uses Amihud Illiquidity Ratio (AIR) as a proxy for liquidity. data Indonesian Composite Index liquidity, all variables, daily basis; 2016-2019 period, divided into odd even semester, with linear regression model. results showed spread decreases trading volume, rate rates had positive effect on AIR, where greater depreciation higher lower For 2019, fund has negative coefficient, which shows funds increase market In there will be strengthening between rate
 Keyword: liquidity; volume; Ratio; rate.
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ژورنال
عنوان ژورنال: Jurnal Ilmiah Ekonomi dan Bisnis
سال: 2021
ISSN: ['2442-9813', '1829-9822']
DOI: https://doi.org/10.31849/jieb.v18i2.6313