Ahadiat, Ayi and Kesumah, Fajrin Satria Dwi and Azhar, Rialdi and Wisnu, Febryan Kusuma (2023) Strategic Decision-Making on Mining Sector Company Stock Prices and Economic Variable (State Space Model Application). International Journal of Energy Economics and Policy, 13 (3). pp. 177-184. ISSN 2146-4553

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Abstract

Energy sector is not excluded from the recession in global economics. However, one can be stable during such outbreak was gold prices which showed incredible stable prices and relatively increasing. That also affected on daily stock prices for the gold producing companies such as PT Aneka Tambang (issuer code: ANTM) that showed conversely increasing than other mining sector companies. This study aims to investigate causal relationships between ANTM stock prices and Indonesian exchange rates in order to have strategic decision-making for investors by employing State Space model and to provide forecasting daily data for both variables. The study found that the State Space model confirmed their dynamic relationship, in which ANTM was not only affected by itself but also by the movement of exchange rates. The forecasting graphs then provide the insight of strategic decision-making for investors to strongly invest on gold-based company as they have an increasing projection for the next 20 days.

Item Type:	Article
Uncontrolled Keywords:	State Space Model, Strategic Decision-Making, Mining Sector, Gold-based Company, Exchange Rates
Subjects:	H Social Sciences > HB Economic Theory H Social Sciences > HG Finance
Divisions:	Fakultas Ekonomi dan Bisnis (FEB) > Prodi Manajemen
Depositing User:	Dr. AYI AHADIAT, SE., MBA
Date Deposited:	09 Jun 2023 10:15
Last Modified:	09 Jun 2023 10:15
URI:	http://repository.lppm.unila.ac.id/id/eprint/52110

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