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PENGARUH ISU POLITIK TERHADAP REAKSI PASAR MODAL INDONESIA Azizah, Mellina Nur; Fidiana, Fidiana
Jurnal Ilmu dan Riset Akuntansi (JIRA) Vol 6, No 5 (2017)
Publisher : STIESIA

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Abstract

ABSTRACTThis research is aimed to find out the influence of politic issues to the market respons are evaded by the abnormalreturn and volume activity of stock trade. This research applies event study in which the observation of windowperiod to the abnormal return and volume activity of stock trade during 5 days before, event date, and 5 daysafter the politic issue has been carried out. The data was collected from Indonesia stock exchange by using dailyclosing price of LQ-45 index that have been consistently traded in two periods. The statistic instrument test hasbeen done by using paired sample t-test and SPSS 23rd program. The result of this research shows that there isan influence of politics issue to the market reaction which is shown by the differences of abnormal return. Itmeans that politics issue has positive information for the marketers. Meanwhile the examination to the tradevolume activity shows that there is no influence of politic issue to the market reaction which is shown by theabsence of volume activity of stock trade.Keywords: Event study, market reaction, politic issue, abnormal return, stock trade volume.