scholarly journals Reaksi Pasar terhadap Perpindahan Ibu Kota Negara Republik Indonesia

2020 ◽  
Vol 30 (11) ◽  
pp. 2795
Author(s):  
Dicky Wahyudi Rumaday ◽  
Maria Mediatrix Ratna Sari
Keyword(s):  
Abnormal Return ◽  
Trading Volume ◽  
Market Reaction ◽  
Capital City ◽  
Volume Activity ◽  
Analysis Technique ◽  
Average Abnormal Return ◽  
Before And After ◽  
Event Date ◽  
The Republic

This research is an event study that aims to determine the market reaction arising from the movement of the capital city of the Republic of Indonesia. The date chosen as the event date is April 29, 2019 when the issue first came out and August 26, 2019 when the official announcement. The samples used in this study are all companies included in the LQ45 index for the February-July 2019 and August 2019-January 2020 periods. The data analysis technique used is the different test. The results showed there were no differences in the average abnormal return before and after the issue first came out, but there were differences in the average abnormal return before and after the official announcement. There is a difference in the average trading volume activity before and after the issue first came out and when the official announcement of the move of the capital of the Republic of Indonesia. Keywords: Market Reaction; Abnormal Return; Trading Volume Activity; Capital Movement.

scholarly journals Analisis Reaksi Pasar Atas Peristiwa Pilkada Serentak Tahun 2018

2019 ◽  
pp. 1171
Author(s):  
Ni Nyoman Wahyu Suryani ◽  
Ni Ketut Rasmini
Keyword(s):  
Event Study ◽  
Abnormal Return ◽  
Trading Volume ◽  
Market Reaction ◽  
Sampling Technique ◽  
Volume Activity ◽  
Analysis Technique ◽  
Average Abnormal Return ◽  
Before And After ◽  
Regional Elections

This study aims to determine market reaction in the event of simultaneous regional elections in 2018. This research is an event study with a period of observation for 7 days. The study was conducted on companies classified as LQ45 from February to July 2018. The population in this study was 45 companies. The method of determining the sample used is a non probability sampling method with a purposive sampling technique. The sample obtained was 37 companies. The market reaction to the 2018 simultaneous regional elections was measured using abnormal return and trading volume activity. The data analysis technique used is paired-sample t-test. The test results show that there is no difference in average abnormal return and trading volume activity before and after the events of simultaneous regional elections. This shows that simultaneous regional elections in 2018 did not cause market reaction because there was no information content on the event. Keywords: Event study, abnormal return, politics

scholarly journals Reaksi Pasar terhadap Penerapan Pembatasan Sosial Berskala Besar pada Masa Pandemi Covid-19

2021 ◽  
Vol 31 (12) ◽  
pp. 3133
Author(s):  
I Wayan Agus Purnayasa ◽  
Eka Ardhani Sisdyani
Keyword(s):  
Abnormal Return ◽  
Trading Volume ◽  
Large Scale ◽  
Market Reaction ◽  
Sampling Technique ◽  
Rank Test ◽  
Volume Activity ◽  
Average Abnormal Return ◽  
Before And After ◽  
The Government

On April 6, 2020, the government approved the implementation of the first Large-Scale Social Restrictions (PSBB) in Indonesia in the context of accelerating the handling of the Covid-19 pandemic. This study uses this event as an event under study to observe the market reaction before and after it, with a window period of 11 days. The average abnormal return and the average trading volume activity of stocks are used as indicators of market reaction. The study was conducted on 152 trading, service and investment sector companies listed on the Indonesia Stock Exchange (IDX), which were determined using a non-probability sampling method with a purposive sampling technique. Data were analyzed by using paired sample t-test and Wilcoxon signed rank test. The results showed that there was no difference between the average abnormal return and the average trading volume activity before and after the first PSBB was approved in Indonesia. The absence of market reaction is assumed because the level of market efficiency in Indonesia is still weak. Keywords : Covid-19; Social Distancing Policy; Market Reaction; Abnormal Return; Trading Volume Activity.

scholarly journals Reaction Of The Top 10 Capitalization Shares in the 2020 Pilpres Event

2021 ◽  
Vol 1 (4) ◽  
pp. 194-204
Author(s):  
Rahma Nur Praptiwi ◽  
Tri Widjatmaka
Keyword(s):  
Abnormal Return ◽  
Trading Volume ◽  
Sampling Technique ◽  
Primary Data ◽  
Volume Activity ◽  
Political Events ◽  
Analysis Technique ◽  
Average Abnormal Return ◽  
Before And After ◽  
Data Collection Technique

This research is a study that aims to see whether there is empirical evidence of the reaction of the Indonesian capital market to international political events, namely the 2020 US Presidential Election using abnormal return indicators and trading volume activity. The research methodology used is event research. This study uses primary data taken from the first party and researchers get data directly from a questionnaire given to all employees of IT companies in the Special Region of Yogyakarta. The population in this study are stocks that are included in the top 10 capitalization companies in Indonesia. The sampling technique in this study used convinience sampling. The data collection technique in this study used a questionnaire equipped with an answer level as the choice of respondents to answer questions. The data analysis technique used multiple linear regression and the application used SPSS version 22. The results of the paired sample t-test statistical calculation both abnormal return and trading volume activity showed that there was no difference in the average abnormal return and trading volume activity before and after the event.

scholarly journals Reaksi Pasar Atas Momentum Hari Raya Idul Fitri Tahun 2019

2020 ◽  
Vol 30 (5) ◽  
pp. 1247
Author(s):  
Gede Rama Wirya Nanda ◽  
Made Gede Wirakusuma
Keyword(s):  
Event Study ◽  
Abnormal Return ◽  
Trading Volume ◽  
Market Reaction ◽  
Abnormal Returns ◽  
Volume Activity ◽  
Analysis Technique ◽  
Event Date ◽  
Saturated Sample ◽  
The One

This study aims to determine the market reaction to the momentum of Idul Fitri in 2019. This research is an event study with an observation period of 14 days. The study was conducted at companies classified as the Jakarta Islamic Index (JII) in 2019. The population in this study was 30 companies. The sampling method used is the saturated sample method. Samples obtained were 30 companies. Market reaction to the momentum of Idul Fitri in 2019 is measured using abnormal returns and trading volume activity. The data analysis technique used is the one-sample t-test. The test results show that there is a market reaction during the Idul Fitri in 2019 which is indicated by a significant abnormal return and trading volume activity around the event date. This shows that Idul Fitri in 2019 caused a market reaction because of there was an information content of the event. Keywords: Event Study; Abnormal Return; Trading Volume Activity.

Investor Reactions on Emitents Who Published Corporate Sukuk Listed in Indonesia Stock Exchange

2020 ◽  
Vol 2 (2) ◽  
pp. 93-103
Author(s):  
Kasman Damang ◽  
Eka Afnan Troena ◽  
Muhammad Ali ◽  
Abdul Hamid Habbe
Keyword(s):  
Event Study ◽  
Abnormal Return ◽  
Trading Volume ◽  
Market Reaction ◽  
Stock Exchange ◽  
Volume Activity ◽  
Average Value ◽  
Average Abnormal Return ◽  
Before And After ◽  
The Difference

This study applied an event study approach  (event study).  The event tested the announcement of Sukuk emissions and market reactions as indicated by the existence of a significant Abnormal Return on the date of Sukuk emissions and it changed within the activity of Stock Trader of the Corporation Sukuk Issuer. Observation period between 2009-2018, there was 129 Sukuk emissions in Indonesia Stock Exchange. The number of samples taken was 26 emissions of Sukuk which make emissions from 12 issuers that met the set criteria. Data were analyzed using descriptive statistical analysis, independent t-test, t-paired test, and regression analysis.  Furthermore, the data were processed using IBM SPSS for Windows Software. The results showed that there was a difference in Average Abnormal Return (AAR) before and after the announcement of Sukuk emissions. However, the average value of the difference was not statistically significant. There was a positive market reaction on Average Abnormal Return (AAR) before the announcement of Sukuk emissions. There was a positive market reaction on Average Abnormal Return (AAR) after the announcement of Sukuk emissions. There were differences in the Average Trading Volume Activity (ATVA) before and after the announcement of Sukuk emissions. However, the average value of the difference was not statistically significant. There was a significant market reaction on Average Trading Volume Activity (ATVA) before the announcement of Sukuk emissions. There was a significant market reaction of Average Trading Volume Activity (ATVA) after the announcement of Sukuk emissions. Furthermore, this study also found that Sukuk to Equity Ratio (SER) had a positive effect, but not significantly on the level of  Return on Assets (ROA), Return on Equity (ROE), and Earning per Share (EPS), but it was not significant. These insignificant effects of  SER  on the issuer's  ROA,  ROE  and  EPS were caused by the relatively small proportion of Sukuk value compared to the value of assets and company equity.

scholarly journals ANALISIS ABNORMAL RETURN DAN TRADING VOLUME ACTIVITY SEBELUM DAN SESUDAH PENGUMUMAN PBI NOMOR 18/16/PBI/2016 TENTANG PELONGGARAN RASIO LOAN TO VALUE (LTV) KPR

2019 ◽  
Vol 5 (9) ◽  
pp. 713
Author(s):  
Nurul Dwi Wahyuni ◽  
Puji Sucia Sukmaningrum
Keyword(s):  
Abnormal Return ◽  
Trading Volume ◽  
Stock Index ◽  
Activity Period ◽  
Rank Test ◽  
Volume Activity ◽  
Analysis Technique ◽  
Average Abnormal Return ◽  
Before And After ◽  
Signed Rank Test

The purpose of this study is to analyze the reaction of investors before and after the announcement of PBI number 18/16/PBI/2016 using indicator of abnormal return and trading volume activity. Period of this study is 60 days of estimation period, 10 days before and 10 days after the event. The sample used in this study was 35 company sectors property and real estate listed in Indonesia Sharia Stock Index (ISSI). Analysis technique used is paired sample t-test forabnormal return and Wilcoxon signed-rank test for trading volume activity. The results showed that there are insignificant differences for average abnormal return before and after event. This means in efficient market will difficult to get abnormal return. The results showed that there are significant differences for average trading volume activity before and after event. This means that investors assume the event has good information so that there is a positive market reaction.

scholarly journals ANALISIS TRADING VOLUME ACTIVITY DAN AVERAGE ABNORMAL RETURN SEBELUM DAN SESUDAH MELAKUKAN PEMECAHAN SAHAM (STOCK SPLIT) PADA PERUSAHAAN YANG TERDAFTAR DI BURSA EFEK INDONESIA.

2017 ◽  
Vol 18 (2) ◽  
pp. 164
Author(s):  
Anita Tri Utami
Keyword(s):  
Stock Price ◽  
Abnormal Return ◽  
Trading Volume ◽  
Volume Activity ◽  
Event Window ◽  
Bid Ask Spread ◽  
Analysis Technique ◽  
Average Abnormal Return ◽  
Stock Split ◽  
Before And After

This research is titled “Analysis of Trading volume activity and Average Abnormal Return beforeand after the stock split pada companies listed on the bursa efek indonesia” . this researchaims to analysing is there any differences between the abnormal return and the trading volumeactivity before and after the stock split. The data that have been used in this research are thedaily stock price and the IHSG of the companies who did the stock split in 2011 till 2015.Bythe purposive sampling methods, there is 32 companies who did the stock split that listed onthe bursa efek indonesia. Analysis technique that has been used is Uji normalitas dan uji bedadua sampel berhubungan uji wilcoxon with the event window is 5 days before and 5 days afterthe stock split.The result of this research is show that there is 0,024 < 0,05 significant valuefrom the Pengujian Uji Beda between trading volume activity before and trading volume activityafter stock split. Based on that fact, there is 0,033 < 0,05 significant value from pengujian ujibeda between abnormal return before and bid-ask spread after the stock split. Thus can beinterpreted that there is a difference between abnormal return before and after stock split. Sothat the Indonesia Capital market is yet efficient and yet strong enough by the stock split.Keywords: Stock split, Abnormal Return, Trading volume activity.

scholarly journals Analisis Reaksi Pasar Modal Atas Pengumuman Kenaikan BI Rate Tanggal 12 November 2013

2017 ◽  
Vol 6 (2) ◽  
pp. 56
Author(s):  
Dwi Cahyaningdyah ◽  
Nidya Arum Cahyasani
Keyword(s):  
Abnormal Return ◽  
Trading Volume ◽  
Market Reaction ◽  
Abnormal Returns ◽  
Sampling Technique ◽  
Volume Activity ◽  
Stock Market Reaction ◽  
Average Abnormal Return ◽  
Significant Difference ◽  
Before And After

<p><span class="fontstyle0">The purpose of this study was to analyze differences in the market reaction, as measured by abnormal returns and trading volume activity in the period before and after the announcement of the increase in the BI Rate. This study uses event study research design, observation period were 10 days before and 10 days after the event. The populations in this study were all members of LQ45 companies. The study sample was taken by purposive sampling technique. The method of data collection is the documentation. The variables of this study are the abnormal return and trading volume activity. The analysis used in this study is different test paired sample t-test. Based on the research results, the stock market reaction test showed no significant difference between the average abnormal return before and after the announcement of the increase in the BI Rate. While testing the reaction by using the average trading volume activity indicators showed a significant difference between the periods before and after the announcement of the increase in the BI Rate.</span></p>

scholarly journals Analisis Reaksi Pasar Terhadap Pengumuman Merger dan Akuisisi Pada Perusahaan Akuisitor yang Terdaftar di BEI

2018 ◽  
pp. 1870
Author(s):  
Ika Putri Adnyani ◽  
Gayatri Gayatri
Keyword(s):  
Abnormal Return ◽  
Trading Volume ◽  
Sampling Method ◽  
Stock Exchange ◽  
Cumulative Abnormal Return ◽  
Test Results ◽  
Volume Activity ◽  
Paired Sample ◽  
Analysis Technique ◽  
Before And After

This research is conducted on all acquisition companies that conduct acquisitions listed on Indonesia Stock Exchange 2011-2016 period. Sampling method using purposive sampling. The number of samples of this research is 50 companies. The market reaction in this study used abnormal return and trading volume activity. The testing of information content will be done by looking at differences in cumulative abnormal return and the average trading volume of shares five days before and five days after the announcement of the acquisition. Data analysis technique used is paired sample t-test. Based on the test results, found there are significant differences in the abnormal return of the acquirer company before and after the announcement of the acquisition. However, there is no difference in trading volume activity of the acquirer's stock before and after the acquisition announcement   Keywords: acquisitions, stock market, abnormal return, trading volume activity

scholarly journals ANALISIS PERBEDAAN ABNORMAL RETURN DAN VOLUMEPERDAGANGAN SAHAM SEBELUM DAN SESUDAH PILPRES 9 JULI 2014 (STUDI KASUS PERUSAHAAN MILIK BAKRIE GROUP DAN MNC GROUP)

2016 ◽  
Vol 4 (2) ◽  
Author(s):  
Suharyati Suharyati ◽  
Sri Hermuningsih
Keyword(s):  
Abnormal Return ◽  
Trading Volume ◽  
Volume Activity ◽  
Average Abnormal Return ◽  
Before And After ◽  
A Company

The purpose of this study to analyze the differences abnormal return and trading volume activity before and after pilpres 9 July 2014, at the company Bakrie Group and MNC Group. The results show: (1) There are no differences in average abnormal return before and after pilpres 9 Juli 2014 on the company Bakrie Group and MNC Group.The absence of a difference is becausereaction IDX to the pilpres 9 July 2014 is instantaneous and not prolonged. (2) There are no differences inaveragetrading volume activitybefore and after pilpres 9 Juli 2014 on the company Bakrie Group, but there are differences in average trading volume activitybefore and after pilpres 9 July 2014 on the companyMNC Group. The discrepancies in the company MNC Group is because investors MNC Group took profit rollicking tacking. While no differences in the company Bakrie Group is because investors Bakrie Group are not bothered by pilpres 9 July 2014. (3) The Company is more affected by pilpres 9 July 2014 is a company owned by MNC Group. Keywords: Abnormal Return,TradingVolumeActivity, Pilpres 9 July 2014.

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