REAKSI PASAR MODAL TERHADAP PENGUMUMAN PAKET KEBIJAKAN EKONOMI XVI

(Studi Empiris Pada Saham Perusahaan Yang Masuk Dalam Indeks LQ 45)

  • Tirsa Rante UNCEN
  • Syaikhul Falah UNCEN
  • Bill J. C. Pangayow UNCEN
Keywords: event study, abnormal return, trading volume activity

Abstract

This study aims to analyze whether there are significant differences in abnormal returns before and
after the announcement of economic policy XVI and trading volume activity before and after the
announcement of XVI economic policy on November 16, 2018. This study uses event study, where
observations of the average abnormal return are carried out. and the average trading volume activity
during the 11 day observation period. In this study, data were obtained from the Indonesia Stock
Exchange. The data used in this study include daily closing stock prices (closing price), daily stock
trading volume, and the number of shares outstanding. The sample used amounted to 45 LQ45 index
companies. The results of this study indicate (1) there is no significant difference in abnormal returns
before and after the announcement of economic policy XVI (2) on the trading volume activity indicator
there are significant differences before and after the announcement of XVI economic policy.

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Published
2019-11-28
How to Cite
Rante, T., Falah, S., & Pangayow, B. (2019). REAKSI PASAR MODAL TERHADAP PENGUMUMAN PAKET KEBIJAKAN EKONOMI XVI. Jurnal Akuntansi Dan Keuangan Daerah, 14(2), 112-123. Retrieved from https://ejournal.akuntansiuncen.ac.id/index.php/JurnalAkuntansiUncen/article/view/116

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