Claim Missing Document
Check
Articles

Found 2 Documents
Search

Reaksi Pasar Modal Terhadap Aksi Penolakan Mahasiswa Terkait Rancangan Kitan Undang-Undang Hukum Pidana (Event Study Pada Bursa Efek Indonesia) Santy Aji Sitohang; Wie She Wudjud
JAKPI - Jurnal Akuntansi, Keuangan & Perpajakan Indonesia Vol 8, No 1 (2020): Jakpi Vol :8 No.1 2020
Publisher : Universitas Negeri Medan (UNIMED)

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.24114/jakpi.v8i1.19025

Abstract

Abstrak: Mahasiswa menggelar demonstrasi untuk memprotes sejumlah undang-undang yang dinilai kontroversial. Aksi demonstrasi ini memberikan sentimen negatif terhadap kondisi pasar modal yang ditandai keluarnya dana asing dari bursa saham dan kinerja pasar modal berada di zona merah. Tujuan dari penelitian ini untuk mengetahui bagaimana reaksi pasar modal sebelum dan sesudah terjadinya aksi demontrasi mahasiswa. Reaksi pasar modal diukur dari aliran modal asing (net sell atau net buy), Indeks Harga Saham Gabungan dan Indeks LQ45 di Bursa Efek Indonesia. Jenis penelitian ini adalah event study dengan periode pengamatan selama 21 hari perdagangan yaitu 10 hari perdagangan sebelum peristiwa, 1 hari perdagangan pada saat peristiwa dan 10 hari perdagangan setelah peristiwa. Metode analisis data yaitu uji statistik deskriptif, uji normalitas dan uji Paired Sample t-test. Hasil penelitian menunjukan : (1) Tidak terdapat perbedaan yang signifikan pada Aliran Modal Asing di Bursa Efek Indonesia baik sebelum dan sesudah aksi demonstrasi mahasiswa (2) Terdapat perbedaan yang signifikan pada Indeks Harga Saham Gabungan di Bursa Efek Indonesia sebelum dan sesudah aksi demonstrai mahasiswa (3) Terdapat perbedaan yang signifikan pada Indeks LQ45 di Bursa Efek Indonesia  sebelum dan sesudah aksi demonstrasi mahasiswa.Kata Kunci : Aliran Modal Asing, Indeks Harga Saham Gabungan, Indeks LQ45
THE EFFECT OF NEW CASES AND VACCINATION ON THE JOINT STOCK PRICE INDEX ITS IMPLICATIONS ON RUPIAH EXCHANGE RATES (Case Study in Indonesia in 2021) Santy Aji Sitohang; Talent E. Marbun; Wie She Wudjud
International Conference on Health Science, Green Economics, Educational Review and Technology Vol. 4 (2022): International Conference on Health Science, Green Economics, Educational Review and T
Publisher : Universitas Efarina

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.54443/ihert.v4i.233

Abstract

This study aims to examine the effect of new cases and vaccination on the JCI and the implications for the rupiah exchange rate. Type of desk study research with a quantitative approach. Data analysis technique uses path analysis. The results of the study concluded that (1) new cases of Covid-19 had a negative and significant effect on the JCI. An increase in new cases of Covid-19 can cause the JCI value to weaken. Vaccination has a positive and significant effect on the JCI. The vaccination program succeeded in encouraging the strengthening of the JCI value in the capital market (2) the JCI had a negative and significant effect on the rupiah exchange rate. The increase in the JCI will encourage the strengthening of the rupiah exchange rate against the US $ (3) New cases of Covid-19 and vaccinations have a positive and significant effect on the rupiah exchange rate. The increase in Covid-19 cases and vaccinations caused the rupiah exchange rate to weaken against US$ (4). The JCI was unable to mediate the effect of new Covid-19 cases and vaccinations on the rupiah exchange rate. The addition of the Covid-19 case had a direct impact on the decline in the rupiah exchange rate against the US$ without considering the movement of the JCI. The Covid-19 vaccination program encouraged the strengthening of the JCI but the increase in the JCI was unable to make the rupiah exchange rate strengthen against the US$.