Febriyanto, Febriyanto and Kufepaksi, Mahatma and marselina, marselina and Hasnawati, Sri (2019) INTERNATIONAL INVESTMENT DIVERSIFICATION IN ASEAN-5COUNTRIES AFTER ASEAN ECONOMIC COMMUNITY (AEC). Taylor and Francis.


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ABSTRACT: This study analyzes opportunities ofinternational investment diversification in ASEAN-5 countries, including Indonesia, Malaysia, Singapore, the Philippines, and Thailand. The analysis calculates value of combined stock index correlation infive capital markets. Ac- cording to Markowitz (1952), countries with a negative correlation value are the basis for de- termining investment. This research was conducted to examine theimplementation of AEC poli- cy in 2016 by using a quantitative explanatory survey approach. Data were in the form of time series andweekly transaction from January 2016 to 2018. The results of the first-year analysis after the enactment of AEC in 2016 showed thatcountries that provide opportunities for interna- tional investment diversification in capital markets are only Malaysia and Thailand. Between 2017 and 2018, no capital market had a negative correlation, indicatingthat the implementation ofAEC has not depictedthe available investment opportunities in severalASEAN countries.

Item Type: Other
Subjects: H Social Sciences > HG Finance
Depositing User: MAHATMA KU
Date Deposited: 08 Jun 2021 16:22
Last Modified: 08 Jun 2021 16:22
URI: http://repository.lppm.unila.ac.id/id/eprint/32367

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