The Impact of Constitutional Court Ruled on the 2019 Presidential Election Toward Indonesian Stock Market  

Oleh:

Dewantara, Aditya Putra ; Awwaliyah, Intan Nurul ; Singgih, Marmono

Jenis: Article from Proceeding
Dalam koleksi: International Conference on Global Innovation and Trends in Economy INCOGITE 2020 Vol 3 Nov 2020, page 414-425.
Topik: Abnormal return; event study; EMH; LQ45
Fulltext: 26_The Impact of Constitutional Court Ruled on the.pdf (343.28KB)

Isi artikel

The main purpose of this study is to examine the efficiency of the Indonesian capital market as a result of The Impact of Constitutional Court Ruled On The 2019 Presidential Election Toward Indonesian Stock Market. This study uses the event study method with a research period of 7 days before and 7 days after the Constitutional Court ruled on the 2019 presidential election. The data normality test shows that the data is not normally distributed then the research hypothesis uses a non parametric test, the Wilcoxon Paired Sample test. By using the abnormal return as a variable, the results of the study show that there is no significant difference in the average abnormal return both before and after the Constitutional Courts ruled on the 2019 presidential election lawsuit.

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