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Sri Suranta
Dosen Fakultas Ekonomi Jurusan Akuntansi Universitas Sebelas Maret Surakarta
Economics, Econometrics & Finance

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Reaksi Pasar Modal Terhadap Peristiwa Pemilu Legislatif dan Peristiwa Pemilu Presiden dan Wakil Presiden Tahun 2004 Inda Kristiana; Sri Suranta
Jurnal Akuntansi dan Bisnis Vol 5, No 2 (2005)
Publisher : Accounting Study Program, Faculty Economics and Business, Universitas Sebelas Maret

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.20961/jab.v5i2.26

Abstract

The purpose of this study is to analyze stock market reaction to national election on April 5, 2004 and September 20, 2004. Using 36 stocks in Jakarta Stock Exchange for event April 5, 2004 and 35 stocks in Jakarta Stock Exchange for event September 20, 2004. The hyphotesis of the research, which using t-test, have founds that event on April 5, 2004 showed significant abnormal return on the last day before event date, second and third day after event date. On September 20, 2004 showed significant abnormal return on four day before event date and on the first and second day after event date. This research has proved that stock market has been influenced by domestic political events.
Co-Authors Inda Kristiana