Public perception about economics and its impact on shariah stock market of Indonesia

Ridwan, A. Muhtadi and Asnawi, Nur and Setyaningsih, Nina Dwi (2019) Public perception about economics and its impact on shariah stock market of Indonesia. International Journal of Innovation, Creativity and Change, 6 (11). pp. 167-182. ISSN 22011323, 22011315

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The purpose of this study is to examine the public perception about economics and its impact on Shariah stock Market in the region of Indonesia. To address this objective, primary data technique through a questionnaire approach was applied. A structural questionnaire was developed, considering ten items with regard to public perception about economics and five items with regard to Shariah stock market indicators. A sample of 329 respondents was selected, based on the information about economics and Shariah stock market. Descriptive, correlation, reliability and stepwise regression techniques were applied to analyze the relationship between exogenous and endogenous variables of the study. Overall data reliability indicates a good score of Cronbach alpha. Findings through stepwise regression analysis shows that under model 1, economics increase the standard of living and welfare in the society and have a positive public perception which in turn significantly and positively influences Mean score of Shariah stock market indicators. In addition, model two reflects that five out of ten items tested with regard to public perception about economics have significant and positive influence on Shariah stock market in Indonesia. Study findings are useful fin consideration of managerial implications in the field of economics and finance. Meanwhile, this study provides significant evidence which makes a theoretical contribution to the literature on economics. However, this study is based on several limitations such as limited managerial implications and non-application of advanced techniques for data analysis which should be reconsidered in future studies.

Item Type: Journal Article
Keywords: economics; Shariah stock market; public perception; Indonesia
Depositing User: Mufid Mufid
Date Deposited: 08 Jun 2020 04:28


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