Jenis Industri, Kepemilikan Saham Asing dan Reaksi Pasar Modal Akibat Serangan Bom Teroris  

Oleh:

Utama, Cynthia Afriani ; Hapsari, Lina

Jenis: Article from Journal - ilmiah nasional - terakreditasi DIKTI
Dalam koleksi: Jurnal Akuntansi dan Keuangan Indonesia vol. 9 no. 2 (Dec. 2012), page 100-116.
Topik: event study; cumulative abnormal return; tourism industry; proportion of foreign ownership
Fulltext: 135-780-1-PB.pdf (322.98KB)

Ketersediaan

Perpustakaan Pusat (Semanggi) Nomor Panggil: AA71 Non-tandon: 1 (dapat dipinjam: 0) Tandon: tidak ada

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Isi artikel

The purpose of this study is to investigate whether the Indonesian stock market reacts to terrorist bomb attack, and whether the Indonesian stock market reaction to terrorist bomb attack is affected by industry type and foreign ownership. Using data of terrorist bomb attack from 2000 until 2006, event study test shows that generally Indonesia capital market reacts negatively to terrorist bomb attack. Further, the multiple regression analysis shows that the stock market reaction is more negative for tourism industry than other industries while foreign ownership does not influence the stock market reaction. Thus, this study corroborates previous studies showing that terrorist attack is deemed as bad news in capital market and consequently will negatively affect the investment decision (Chen dan Siem 2004).

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