GC-MBEJKT-280325-505 | March 2025 скачать в хорошем качестве

GC-MBEJKT-280325-505 | March 2025

📄 Paper Title: The Influence of Investor Sentiment on Indonesian Stock Market 🎓Author(s) Name: Clarita Felicia Tendy, Felicia Goenawan, Ricardo Christian, Theresia Lesmana 🎤 This study examines how investor sentiment affects stock returns in Indonesia using six sentiment proxies from 2018 to 2024. Employing the OLS model, the research finds that the Exchange Rate (USD-IDR), Transaction Volume (TRVOL), and Treasury Securities (T-BILLS) have significant negative correlations with stock returns, suggesting economic uncertainty lowers investor sentiment. Meanwhile, other proxies show insignificant relationships. The model explains only 20% of stock return variations, implying other factors also influence the market. The study contributes to behavioral finance by emphasizing sentiment-based indicators in investment strategies and calls for future research using alternative models, real-time sentiment indices, and broader variables.