Safe haven investment during turbulent conditions in Indonesia and Philippines capital market

https://doi.org/10.21744/irjmis.v7n3.934

Authors

  • A.A. Gde Ari Widhiasmana Pemayun Faculty of Economic and Business Udayana University, Denpasar, Indonesia
  • Gerianta Wirawan Yasa Faculty of Economic and Business Udayana University, Denpasar, Indonesia

Keywords:

capital market, gold, government bonds, silver

Abstract

Haven investment is a safe and profitable asset for investors during turbulent capital market conditions. Investors tend to divert investment in shares owned to safe-haven assets to secure investment value during the decline in value on the stock market. This study aims to obtain empirical evidence related to the ability of gold as a safe-haven investment in the State of Indonesia and the ability of gold as a safe-haven investment in the Philippines. The data used in this study is a daily return from the period January 1, 2018, to February 20, 2020. Data analysis techniques used in this study use the Augmented Dickey-Fuller (ADF) stationary test and the quantile regression analysis test with a quintile rate of 50%, 40%, 30%, 20%, and 10%. The results show that gold is a haven investment in Indonesia. Gold is a haven investment in the Philippines.

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Published

2020-06-01

How to Cite

Pemayun, A. G. A. W., & Yasa, G. W. (2020). Safe haven investment during turbulent conditions in Indonesia and Philippines capital market. International Research Journal of Management, IT and Social Sciences, 7(3), 137–143. https://doi.org/10.21744/irjmis.v7n3.934

Issue

Vol. 7 No. 3 (2020): May

Section

Peer Review Articles
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