REAKSI PASAR DARI PENGUMUMAN REKAPITULASI NASIONAL HASIL PERHITUNGAN SUARA PEMILU 2019 (STUDI PADA INDEKS LQ-45)
Abstract
This study aims to find and analyze market reaction before, during and after the announcement of the national recapitulation of the calculation results 2019 election votes, the differences of average abnormal returns before and after the announcement of the national recapitulation of the 2019 election results, and the differences of average trading volume activities before and after the announcement of the national recapitulation of the 2019 election results. The variables used are abnormal return and trading volume activity. The population used in this study is stocks incorporated in the LQ-45 index. There were 34 samples chosen. This study uses one-sample t-test and paired t-test analysis techniques. The results of this study are market reactions during and after the announcement of the national recapitulation results of the 2019 election vote count. However, there was no difference in the average abnormal return and trading volume activity before and after the announcement of the national recapitulation of the 2019 election vote count results.
Keywords
Full Text:
PDFReferences
Azzura, Siti Nur. (21 Mei 2019): IHSG Menguat Merespon Hasil Rekapitulasi Pemilu 2019. https://www.merdeka.com/uang/ihsg-menguat--merespon-hasil-rekapitulasi--pemilu-2019.html diakses 8 Oktober 2019.
BEI. 2010. Buku Panduan Indeks.
Bialkowski, Jedrzej.,.Katrin Gottschalk, Thomasz Wisniewski. 2006. Stock Market Volatility around National Election. Journal Enterprise and Innovation Auckland University of Technology ISSN: 1176-1997.
Brigham, Eugene F. dan Joel F. Houston. 2012. Dasar-dasar-Manajemen-Keuangan. Edisi Kesebelas Jilid Dua. Salemba Empat: Jakarta.
Hartono, Jogiyanto. 2010. Teori Portofolio dan Analisis Investasi. Edisi Ketujuh. Badan Penerbit Fakultas Ekonomi Universitas Gadjah Mada: Yogyakarta.
Jamaludin, G., S. Mulyati, dan T.E. Putri. 2018. Analisis Komparatif Reaksi Pasar Modal Indonesia Sebelum dan Sesudah Rekapitulasi nasional hasil perhitungan suara pemilu Amerika Serikat 2016 (Event Study pada Indeks Saham LQ45). Jurnal Riset Akuntansi. Vol.1, No.1 (2018): p.12-27.
Ross, Stephen A. 1977. The Determination of Financial Structure: The Incentive-Signalling Approuch. Jurnal: The Bell Journal of Economics, Vol. 8, No. 1 (Spring, 1977), pp. 23-40.
Sjahrir. 1995. Analisis Bursa Efek. Penerbit PT Gramedia Pustaka Utama: Jakarta.
Suryawijaya, Marwan Asri dan Faisal Arief Setiawan. 1998. Reaksi-Pasar-Modal-Indonesia-terhadap-Peristiwa-Politik-dalam-Negeri- (Event Study pada Peristiwa 27 Juli 1996). Jurnal Kelola Vol. 7 No. 18. (Juli 1998) hal 137-153. ISSN 0853-7046.
Syaiful, Anri. (21 Mei 2019): Hasil Resmi Rekapitulasi KPU Pilpres 2019. https://www.liputan6.com/news/read/3971668/hasil-resmi-rekapitulasi-kpu-pilpres-2019 diakses pada 11 Oktober 2019.
Undang-Undang No. 8 tahun 1995 tentang Pasar Modal.
www.finance.yahoo.com
www.idx.co.id
www.kpu.go.id
Zulfikar, Rizka dan Prihatini Ade Mayvita. 2017. The Effects of Political Events Against Abnormal Return and Total Volume Sharia Shares Activiy that Listed in Jakarta Islamic Index (JII). Jurnal Ilmiah Bidang Akuntansi dan Manajemen (JEMA) Vol. 14 No. 2 (2017).
DOI: http://dx.doi.org/10.32497/keunis.v9i2.2637
Refbacks
- There are currently no refbacks.
Copyright (c) 2021 The Author(s)
This work is licensed under a Creative Commons Attribution-ShareAlike 4.0 International License.
KEUNIS
P-ISSN: 2302-9315
E-ISSN: 2714-7274
Adress:
Finance and Banking Diploma Program
Politeknik Negeri Semarang
Jl. Prof. H. Soedarto S.H., Tembalang, Semarang Postal Code 50275
| About | For Author | For Reviewer |
| -Focus and Scope | -Online Submission | -Reviewer User Manual |
| -Editorial Team | -Author Guideline | |
| -Peer Reviewer | -Template (Indonesia / English) | For Editor |
| -Indexing | -How to Submit Article | -Editor User Manual |
| -Contact |
This work is licensed under a Creative Commons Attribution-ShareAlike 4.0 International License.