Titik Hinawati
Fakultas Syariah dan Hukum UNSIQ Wonosobo

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Efek Hari Libur Idul Fitri Terhadap Abnormal Return Saham Di Bursa Efek Indonesia Titik Hinawati
Cakrawala: Jurnal Studi Islam Vol 11 No 1 (2016)
Publisher : Universitas Muhammadiyah Magelang

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (396.156 KB) | DOI: 10.31603/cakrawala.v11i1.99

Abstract

This study intends to investigate on the effect of Idul Fitr Holiday on stock abnormal return of the companies accepted in Jakarta Islamic Index. Weekly data of the last 6 years, during the period of 2009-2014, was collected to this paper. The effect of Idul Fitr on Jakarta Islamic Index is examined by comparing abnormal return one week before Idul Fitr Holiday to the other weeks and one week after Idul Fitr Holiday to the other weeks. In this study, independent t-test has been used to test the research hypotheses. The findings offer that there is effect of Idul Fitr Holiday.