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All Journal Journal of Islamic Economics and Finance
Karerina, Elok
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Economics, Econometrics & Finance

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Reaksi Pasar Modal Terhadap Pengumuman Resesi Ekonomi Indonesia Tahun 2020 Karerina, Elok; Wiguna, Bagas Arya; Suhaemy, Ahmad Ilham
JIEF : Journal of Islamic Economics and Finance Vol 1 No 1 (2021): JIEF VOL.1 NO.1 MEI 2021
Publisher : Departement of Sharia Economics, Faculty of Islamic Economics and Business, IAIN Pekalongan

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (1308.3 KB) | DOI: 10.28918/jief.v1i1.3452

Abstract

This study aims to determine the reaction of the stock market 5 days before and 5 days after the announcement of the economic recession in Indonesia on November 5, 2020 to abnormal returns. The approach used is quantitative with the event study technique. The model used to see the Average Abnormal Return (AAR) is a market model with a research period of 80 days before observation and a research period of 5 days before and 5 days after the announcement. This study used a purposive sampling technique to obtain a sample of 29 companies registered in the Jakarta Islamic Index (JII). This study found that there was no significant difference between the Average Abnormal Return (AAR) 5 days before and 5 days after the announcement of the economic recession in Indonesia on November 5, 2020.
Co-Authors Suhaemy, Ahmad Ilham Wiguna, Bagas Arya