Igo Febrianto, S.E., M.Sc., Igo (2023) Digital Adoption and Corruption on Stock market Development. Building a Sustainable Future: Fostering Synergy Between Technology, Business, and Humanity, 131 (2). pp. 524-532. ISSN 2357-1330

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Abstract

In the field of finance, stock markets are recognized as pivotal drivers of economic development, with their ability to channel savings and capital towards efficient sectors. This study examines the relationship between digital adoption, corruption perception, and stock market development across 55 countries. Using panel data modelling techniques, we examine the impact of the Digital Adoption Index and Corruption Perceptions Index on Stock Market Development in high-income, upper-middle, and lower- middle-income countries. The corrected Random Effects estimation shows a significant positive relationship between the Digital Adoption Index and the Corruption Perceptions Index with Stock Market Development across all countries. In addition, increasing digital adoption and decreasing corruption perception can positively impact stock market development, and the strength of this relationship varies across different country income groups. However, a negative association between the Digital Adoption Index and Stock Market Development has been observed for lower-middle-income countries. These findings suggest that the impact of the Digital Adoption Index and Corruption Perceptions Index on Stock Market Development may differ across different countries' income levels highlighting the importance of tailored strategies for fostering economic growth and offers critical insights for stakeholders.

Item Type:	Article
Subjects:	H Social Sciences > HG Finance
Divisions:	Fakultas Ekonomi dan Bisnis (FEB) > Prodi Manajemen
Depositing User:	IGO FEBRIA
Date Deposited:	20 Jun 2024 07:54
Last Modified:	20 Jun 2024 07:54
URI:	http://repository.lppm.unila.ac.id/id/eprint/53747

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