REAKSI PASAR TERHADAP PERISTIWA PEMILIHAN PRESIDEN TAHUN 2019 DI BURSA EFEK INDONESIA

  • Putu Agus Yudiawan Universitas Udayana
  • Nyoman Abundanti Universitas Udayana
##plugins.pubIds.doi.readerDisplayName## https://doi.org/10.24843/EJMUNUD.2020.v09.i02.p20

Abstrak

The purpose of this study was to determine the market reaction to the events of the presidential election in Indonesia in 2019 which was examined using the variable abnormal return and trading volume activity. This study uses an event study approach with an 11 day event window. The research sample was based on purposive sampling of 63 companies incorporated in the IDX80 Index. From the results of the normality test it is known that the data is not normally distributed, then the hypothesis test method used is the Wilcoxon Signed Rank Test. The results of this study indicate (1) There is no significant market reaction seen from the average abnormal return before and after the election event. (2) There is a significant market reaction as seen from the average trading volume activity before and after the election event.


Keywords: event study, presidential election, abnormal return, trading volume activity.


 

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Diterbitkan
2020-02-03
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YUDIAWAN, Putu Agus; ABUNDANTI, Nyoman. REAKSI PASAR TERHADAP PERISTIWA PEMILIHAN PRESIDEN TAHUN 2019 DI BURSA EFEK INDONESIA. E-Jurnal Manajemen, [S.l.], v. 9, n. 2, p. 799 - 818, feb. 2020. ISSN 2302-8912. Tersedia pada: <https://ojs.unud.ac.id./index.php/manajemen/article/view/54556>. Tanggal Akses: 21 apr. 2025 doi: https://doi.org/10.24843/EJMUNUD.2020.v09.i02.p20.
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Terbitan
Vol 9 No 2 (2020)
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Articles
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This work is licensed under a Creative Commons Attribution 4.0 International License.