Date: 23-11-2020 Digital Publication Services : OSREL | JABM | JAM | ABMR | ABMCS

Analisis Pengaruh Pemilu Presiden 2019 Terhadap Abnormal Return dan Trading Volume Activity pada Perusahaan yang Terdaftar di Indeks Saham LQ-45

Detail
Author Adi Nugroho
Category Akuntansi Manajemen dan SIA

Abstract

In general, this study aims to determine the effect of the events of the 2019 presidential election on Abnormal Return and Trading Volume Activity. The study was conducted on stocks incorporated in the LQ45 stock index in the period of February 2019 to July 2019, obtained as many as 45 companies as research samples. The observation period is 30 days before the events of the 2019 presidential election, the day of the event, and 30 days after the 2019 presidential election, and 41 stock exchange days are obtained for the observation period. The method of analysis uses the Event Study method. The results showed that the influential political events produced a positive Abnormal Return at t-11, t-6, t + 2 and t + 19. Whereas at t-17, t-12, t-10, t + 8, t + 9, t + 15, and t + 17 produce negative Abnormal Return. Based on the results of the testing of Average Abnormal Return before and after the 2019 presidential election events, a significant value greater than 0.05 was obtained, it can be concluded that there was no significant difference in Average Abnormal Return before and after the 2019 presidential election. and after the events of the 2019 presidential election, it showed that statistically there were significant differences in ATVA. From the test results it was shown that there was a massive increase in ATVA in the period after the 2019 election events. It can be concluded that there were significant differences in the Average Trading Volume Activity before and after the 2019 Presidential Election.