會議論文
| 學年 | 113 |
|---|---|
| 學期 | 2 |
| 發表日期 | 2025-06-16 |
| 作品名稱 | The Impact of Consumer Confidence, Trading Volume, and Exchange Rates on Stock Prices in Indonesia: Mediating Effects of ESG Risk Ratings and Inflation |
| 作品名稱（其他語言） | |
| 著者 | Chien-Hsin Wu; Jovaniel Wedsley Kawatu; Chia-Hui Yu; Wen-Hung Huang; Yu-Hsiang Huang |
| 作品所屬單位 | |
| 出版者 | |
| 會議名稱 | International Association for Management of Technology: 34th IAMOT |
| 會議地點 | Montréal, Canada |
| 摘要 | This study examines the complex interplay between macroeconomic factors, ESG (Environmental, Social, and Governance) risk ratings, and stock price performance within the Indonesian stock market. We conducted an empirical analysis of 77 Indonesian companies listed on both the Indonesia Stock Exchange (IDX) and CSRHub from 2019 to 2023. We used a panel regression model to assess the direct effects of key variables and employed Sobel, Aroian, and Goodman tests to evaluate potential mediating effects. The findings reveal that while ESG risk ratings significantly influence stock prices, consumer confidence index, stock trading volume, exchange rates, and inflation do not exert a direct impact. Although these macroeconomic factors do influence inflation and ESG risk ratings, the study concludes that neither of these variables mediates the relationship between consumer confidence, trading volume, exchange rates, and stock prices. These findings offer valuable insights for investors and policymakers, highlighting the growing importance of ESG considerations in investment decisions and long-term value creation in the Indonesian emerging market. |
| 關鍵字 | Consumer confidence index; stock trading volume; exchange rates;stock prices; inflation; ESG risk ratings |
| 語言 | en |
| 收錄於 | |
| 會議性質 | 國際 |
| 校內研討會地點 | 無 |
| 研討會時間 | 20250616~20250619 |
| 通訊作者 | Chien-Hsin Wu |
| 國別 | CAN |
| 公開徵稿 | |
| 出版型式 | |
| 出處 | IAMOT 2025 conference proceedings |
| 相關連結 |
機構典藏連結 ( http://tkuir.lib.tku.edu.tw:8080/dspace/handle/987654321/127681 ) |