Claim Missing Document
Check
Articles

Found 1 Documents
Search
Journal : Binus Business Review

Stock Market Reaction to Indonesia Presidential and Legislative Election Erna Listyaningsih; Eka Sariningsih; Ritali Mudrikah
Binus Business Review Vol. 11 No. 2 (2020): Binus Business Review
Publisher : Bina Nusantara University

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.21512/bbr.v11i2.6302

Abstract

The research investigated the reaction to Jakarta Islamic Index (JII) stocks around the Indonesia Presidential and Legislative Election in 2019. It was the first time that the election of the president and legislative assembly was held on the same day in Indonesia. The sample used was 30 stocks of JII. The event study methodology was conducted on this issue. The results show a significant positive abnormal return on the tenth day before the event and the seventh day after the event. From the liquidity, it is found that this event has a strong effect on Trading Volume Activity (TVA) of JII stocks surrounding the event. Additionally, another liquidity proxy, namely bid-ask spread, has the same result by experiencing a significant positive difference before and after the event. These results indicate that the information on the event is sufficient to influence the price, TVA, and size of the bid-ask spread of JII stock.
Co-Authors Abd. Rasyid Syamsuri Abdrazakova, Ainur Ade Maria Ulfa Agung Aji Perdana Agustiana, Rika Agustiana Ahmad Sidik Akrom, Akrom Alansori, Apip Alenda, Ulfa anggi chandraini Anita Anita Annisa Mazid Apip Alansori Aprilia Dwi Sukawati Aprilia Dwi Sukowati Arfina Yulistiani Arianzah, Ahmad Taufik Atmono, Atmono Aulia, Nuri Auliya Warda Ningrum Baehaqi Bambang Purwanto Bambang Purwanto Biaggi Laksana, Mohammad Chandrasekhar Krishnamurti Chandrasekhar Krishnamurti, Chandrasekhar Chatarina Umbul Wahyuni Chrisanto, Eka Yudha Dafitri, Rizkika Devi Oktarina Diah Astika Winahyu Diah Ayu Wulandari, Diah Ayu Dina Dwi Nuryani Dina Dwi Nuryani Eka Fitriani Eka Sariningsih Eliza Chozna Ulfaniza Erni Achmad Euis Mufahamah Fahrizal, Azli Furqoni, Prima Dian Hardoyo Hardoyo, Hardoyo Hariono, Tri Harun, Harmani Hasanah, Putri Hermawan, Dessy Hoyriyah, Samiyatun Iing Lukman Indradewa, Rhian Indriani, Wiewiek Irena May Rani Irianto, Gunawan Karlina Herawati Kartika, Isma KURNIA KURNIA, KURNIA Kurniasari, Devi Kurnisari, Devi Launi, Amalia Vika Lestari Wuryanti Lestari Wuryanti Lestari, Febriana Dwi Lolita Sary M. Arifki Zainaro Mariska, Novalia MAULANA, BIMA Meisya Royani Muhammad Muhammad Muhani, Nova Nadia Tiara Putri Natalina Natalina Natalina Natalina Nur Baiti Nurbaiti Nurwijayanti Oktarina, Devi Prastyo, Dafit Januar Putri Hasanah Putri Novita Sari Putri, Addela Mariska Putri, Nadia Tiara Rachmad R, Muhammad Raden Mohamad Herdian Bhakti Rahyono Rahyono Reni, Christina Kusuma Rindu Rika Gamayumi Riska Dewi Ritali Mudrikah Rizki Putri Mayangsari Sagala, Raihan Zaky Salsabila, Perlisca Sandayanti, Vira Setiawati Setiawati Setyarini, Anik Shariff, Fonda Octarianingsih Siti Selvia Vebriani Sukawati, Aprilia Dwi Supriadi Supriadi Susanto Susanto tarmizi tarmizi Ulfa, Ade Maria Umi Khanifah Wiewiek Indriani Wiewiek Indriani Wiewiek Indriani Wulan Anggarini Wuryanti, Lestari Yansi, Lusi Yuliansyah Yuliansyah Yuvanda, Sesraria Zamzami