Article Per Year (5 Year)
p-Index From 2020 - 2025
0
P-Index
This Author published in this journals
All Journal Jurnal Manajemen dan Bisnis Indonesia
Yovinda Trista Yuliana
Unknown Affiliation
Economics, Econometrics & Finance Social Sciences Other

Published : 1 Documents Claim Missing Document
Claim Missing Document
Check
Articles

Found 1 Documents
Search

 1 
Reaksi Pasar Saham Terhadap Peristiwa Politik di Parlemen Indonesia Tahun 2014 (Studi Peristiwa Pada Perusahaan yang Terdaftar di BEI) Yovinda Trista Yuliana; I Made Sudana
Jurnal Manajemen dan Bisnis Indonesia Vol 3 No 1 (2015): Jurnal Manajemen Bisnis Indonesia - Edisi Oktober 2015
Publisher : Forum Manajemen Indonesia (FMI)

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.31843/jmbi.v3i1.68

Abstract

Many political events occur in the parliament over 2014, namely announcement of “UU No. 17 Tahun 2014 about MD3” on July 8th, “RUU Pilkada” on September 26th, and People’s Representative Council (DPR) election on October 2nd. The events are considered as information that could affect compay’s stock price on Indonesia Stock Exchange, which will be reacted by the investor if the information is relevant. So, the objective of this research is to observe stock market reaction around the announcement date of political event in the parliament of Indonesia. Event study is applied to each announcement, 310 samples for “UU No. 17 Tahun 2014 tentang MD3”, 322 samples for “RUU Pilkada”, and 284 samples for People’s Representative Council (DPR) election. Using seven days length for window event period, three days before the event, during the event, and three days after the event. By using one-sample t-test for AAR as measuring indicator, there are significant negative AAR at t+1 of the three events. Meanwhile by using CAAR as an indicator, negative result was significant only at the announcement of “UU No. 17 Tahun 2014 about MD3”, but positive significant on “RUU Pilkada” and People’s Representative Council (DPR) election. Key words: politics, parliament, event study, average abnormal return (AAR), cumulative average abnormal return (CAAR)
Co-Authors I Made Sudana