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All Journal Jurnal Ekonomi Trikonomika: Jurnal Ekonomi ECSOFiM (Economic and Social of Fisheries and Marine Journal) JPBM (Jurnal Pendidikan Bisnis dan Manajemen) Journal of Business Management Education (JBME) Jurnal Ilmiah Econosains Perspektif : Jurnal Ekonomi dan Manajemen Universitas Bina Sarana Informatika Jurnal Pemberdayaan Masyarakat Madani (JPMM) Jurnal Pendidikan Ekonomi & Bisnis Jurnal Ilmiah Wahana Akuntansi Sarwahita : Jurnal Pengabdian Kepada Masyarakat eCo-Buss DEMAnD Jurnal Ilmiah Wahana Pendidikan International Journal of Economy, Education and Entrepreneurship (IJE3) Review of Multidisciplinary Education, Culture and Pedagogy (ROMEO) COMSERVA: Jurnal Penelitian dan Pengabdian Masyarakat eCo-Fin International Journal of Multidisciplinary Research and Literature (IJOMRAL) D'edukasi: Jurnal Pengabdian Masyarakat Journal of Management, Accounting, General Finance and International Economic Issues (MARGINAL) Jurnal Riset Pendidikan dan Pengajaran (JRPP) Jurnal Ekonomi dan Bisnis PERDULI: Jurnal Pengabdian kepada Masyarakat Jurnal Ekonomi Kreatif dan Manajemen Bisnis Digital (JEKOMBITAL) Jurnal Serambi Ekonomi dan Bisnis Neraca: Jurnal Ekonomi, Manajemen dan Akuntansi Cendikia: Jurnal Pendidikan dan Pengajaran Bhinneka Multidisiplin Journal Jurnal Pendidikan Ekonomi, Perkantoran, dan Akuntansi Kajian Ekonomi dan Akuntansi Terapan PENG: Jurnal Ekonomi dan Manajemen J-CEKI Jurnal Ekonomi, Manajemen, Akuntansi Journal of Digital Business and Global Economy
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Journal : Jurnal Ekonomi

Analisis Reaksi Pasar Modal Sebelum Dan Sesudah Pengumuman Tarif Cukai Astriawati; Karuniana Dianta A. Sebayang; Dicky Iranto
Jurnal Ekonomi Vol. 28 No. 3 (2023): November 2023
Publisher : Fakultas Ekonom dan Bisnis, Universitas Tarumanagara

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.24912/je.v28i3.1866

Abstract

The capital market part of economic activity that is susceptible to being influenced by events. The aim of this research was to analyze the influence of the announcement of excise rates in 2020-2022 on the capital market reaction. The capital market reaction is measured the Abnormal Return and Trading Volume Activity. The research sample is 4 cigarette companies listed on the Indonesian Stock Exchange. This research method is event study. The event window of 5 days before and after the event. The test results show that there is a significant difference in abnormal returns in 2020 and 2022 before and after the announcement of the cigarette excise rate increase. However, there is no difference in abnormal returns in 2021 and trading volume activity in 2020, 2021 and 2022 before and after the announcement of the cigarette excise rate increase.
Co-Authors - Kardoyo Aditya Pratama ADITYA PRATAMA Agus Wibowo Agus Wibowo Agus Wibowo Ahmad Nuh Anggi Novia Fitriani Ardilah Fitriani Astriawati Aula Afif Kurniawan Belinda Febrina Bobby Gustmaloe Choirul Anwar CHOIRUL ANWAR Darma Rika Swaramarinda Destria Kurnianti Dicky Iranto Dicky Iranto Dila Lestari, Fitra Dwi Handarini Dwi Handarini, Dwi Eka Fitriyani, Eka Eka Sulistyawati Ervina Maulida Erwinsyah, Hendi Fadhil Firmansyah Fardani, Fayza Eka Fitrianingsih, Yuli Gina Mufidah Haneul Hanifah Nurul Maarib Harya Kuncara Wiralaga Haryo Kuncoro Haryo Kuncoro Haryo Kuncoro Henry Eryanto Hera Khairunnisa I Ketut R. Sudiarditha Indra Pahala Iranita Iranita Isnaini Intan Permadani Khafifah, Aura Khairunnisa, Hera Malzara, Vidia Ratu Balqis Marsofiyati Marsofiyati Mohamad Rizan Mohammad Sofwan Effendi Mohd Hasimi Yaacob Muflihina, Isma Muhammad Hakimi Mohd Shafiai Muhammad Hasan Muhammad Misbakul Munir Muhammad Rio Julianto Muhammad Yusuf MUHAMMAD YUSUF Munawaroh Munawaroh Mundhiharno Nabila Syaharani Nabilla Ekariyana Mursita Nadiah Nurli Fadilah Nindi Aulia Putri Niretno Pratiwi Nirma Hellyatul Auwalia Nissa Nur Awaliyah Nugroho, Kevin Anand Nur Fatwa Nurdiana Nurlatifah, Dewi Permadani, Isnaini Intan Purnamasari, Laelah Putri, Rananda Elliza Qurotul Aini RHI Muhammad Ibnu Hibban Riswandi Rubiah Rubiatul Adawiyah safitri, gita Safitri, Sahdia Saparuddin Mukhtar Saptono, Ari Sari, Rini Nurmala Selly Yolanda Selly Yolanda, Selly Setyo Ferry Wibowo Silalahi, Sonya Marintan Siti Aisyah Amini Siti Fatimah Zahra Siti Fatimah Zahra Sri Indah Nikensari Sufriyandi Suparno Suparno Suparno Suparno Suparno Suryadi Suryadi Syifa Habibah Syifa Wulandari Thamrin Tahir Tumpal Manik Widawati, Cindi Dyah Widiyanto, Haya Haura Yaacob, Mohd Hasimi Yuliansyah, Ardian Ridho Zahra, Siti Fatimah Zaki, Mochammad Choirul