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Event Study: This study Do politically affiliated groups affect stock returns during the presidential Election? Setiyawan, Pudi; Wati, Lela Nurlaela; Soma, Mukti; Kusnadi, Eko
Applied Quantitative Analysis Vol. 5 No. 1 (2025): Applied Quantitative Analysis
Publisher : Research Synergy Foundation

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.31098/quant.2842

Abstract

This study analyzes the effect of the 2024 general election on the stock prices of companies affiliated with presidential and vice presidential candidate pairs in Indonesia. The methodology used in this study is an event study to measure abnormal returns before and after an election. The sample includes companies listed on the IDX, with as many as 34 companies listed based on connection politics. The research period comprises 40 estimation periods and 20 event periods. The statistical tools used for hypothesis testing were the t-test, paired sample t-test, and Wilcoxon signed-rank test. This study found that election-related information does not significantly impact average abnormal returns (AAR) before and after. However, the event study results show that political connections between companies with presidential and vice presidential candidates affect market reactions to new information during the event period. This study is essential for investors and capital market practitioners when formulating investment decision-making strategies during the general election period. These results are expected to serve as a reference for further studies on the influence of politics on the capital market in Indonesia.
IMPACT OF CASH FLOW MANAGEMENT ON THE SUSTAINABILITY OF INDONESIAN MSMES Tandean, Vivi Adeyani; Kusnadi, Eko; Anantadjaya, Samuel PD; Nawangwulan, Irma M
Community Development Journal : Jurnal Pengabdian Masyarakat Vol. 5 No. 4 (2024): Volume 5 No. 4 Tahun 2024
Publisher : Universitas Pahlawan Tuanku Tambusai

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.31004/cdj.v5i4.33286

Abstract

UMKM memiliki dampak yang sangat besar terhadap perekonomian Indonesia karena memberikan kontribusi yang cukup besar terhadap penyerapan tenaga kerja dan Produk Domestik Bruto (PDB). Namun demikian, bisnis-bisnis ini memiliki banyak kendala, terutama di bidang manajemen arus kas, yang sangat penting untuk menjaga stabilitas keuangan dan memfasilitasi prospek ekspansi. Manajemen arus kas yang efisien menjamin bahwa organisasi dapat memenuhi tanggung jawab keuangan yang mendesak dan mengalokasikan dana untuk usaha-usaha strategis. Usaha mikro, kecil, dan menengah (UMKM) di Indonesia sering kali menghadapi tantangan dalam mengelola arus kas secara efektif. Kesulitan-kesulitan ini muncul karena terbatasnya akses ke sumber daya keuangan dan kurangnya pengetahuan keuangan yang dimiliki oleh pemilik dan manajemen. Epidemi COVID-19 telah memperburuk kerentanan ini, sehingga menekankan perlunya strategi manajemen arus kas yang kuat untuk bertahan dari guncangan ekonomi. Kegiatan komunitas ini berfokus pada pentingnya meningkatkan metode manajemen arus kas untuk memperkuat keberlanjutan dan ketahanan usaha mikro, kecil, dan menengah (UMKM), terutama di negara berkembang seperti Indonesia.