Dampak Pemilu Presiden Tahun 2009 dan Pengumuman Kabinet Gotong Royong II pada Abnormal Return di Pasar Modal Indonesia  

Oleh:

Hasnawati, Sri ; Yuningsih

Jenis: Article from Journal - ilmiah nasional - tidak terakreditasi DIKTI - atma jaya
Dalam koleksi: Telaah Manajemen: Jurnal Riset & Konsep Manajemen vol. 6 no. 2 (Nov. 2011), page 182-193.
Topik: Capital Market; Abnormal Return; Announcement of the Presidential Election; Announcement of the New Cabinet
Fulltext: Sri Hasnawati; Yuningsih-Bernard.pdf (10.85MB)

Ketersediaan

Perpustakaan Pusat (Semanggi) Nomor Panggil: TT32.3 Non-tandon: 1 (dapat dipinjam: 0) Tandon: tidak ada

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Isi artikel

This research aims to observe the reaction of the capital market on the two political events in 2009 which were the announcement of the presidential election results and the announcement of the new cabinet 2009-2014. The study method used in the research covered were 10 days before and 10 days after the event. The statistic test result showed that the abnormal return did not differ before and after the announcement of both event presidential elections and the new cabinets. However the research found indication that the cumulative abnormal return before presidential election were higher then after for the 9 industrial sectors in the capital market, which differs from the result of the announcement of the new cabinet. The accumulative abnormal return before the announcement was lower then after the announcement for the capital market while the 6 sectors industry had consistent reactions to the market. The conclusion of the research is that the Indonesian capital market responded to all of information in the market, but it can not be said to be an efficient capital market because the investors in the capital market have an abnormal return from their investment.

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