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All Journal Jurnal Ekonomi Pembangunan: Kajian Masalah Ekonomi dan Pembangunan
Devi Anggraeni
Faculty of Economic and Business, Sebelas Maret University, Surakarta
Economics, Econometrics & Finance

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The Effect of BI Rate’s Decrease Toward The Market Reaction in Indonesia Stock Exchange (IDX) Riwi Sumantyo; Devi Anggraeni
Jurnal Ekonomi Pembangunan: Kajian Masalah Ekonomi dan Pembangunan Vol 17, No 2 (2016): JEP December 2016
Publisher : Muhammadiyah University Press

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.23917/jep.v17i2.2747

Abstract

This research aims to analyze the market reaction that can be seen from the abnormal return and trading volume of activity against BI rate’s decrease announcement which is the lowest point in 2011. Research methods using paired samples t-test. Data used in this research include the date of announcement of the BI rate which is used as the event date (t0), daily closing share price of companies in a period of observation, LQ-45 index daily, the number of shares traded or daily volume, and the number of shares in circulation or listed share. This research uses 39 companies listed in the LQ 45 Index listed in BEI as samples. Result of this research is the absence of differences of Abnormal Return and Trading Volume of Activity before and after the announcement. The possibility of this situation was caused by the negative sentiment arising due to the debt crisis in Europe that there is never a solution so it affects the psychology of investors un decision-making.
Co-Authors Sumantyo, Riwi