PENGARUH PENGUMUMAN SUSUNAN KABINET INDONESIA BERSATU II TERHADAP RETURN DAN VOLUME SAHAM LQ45

SETIAWAN, ARIE (2010) PENGARUH PENGUMUMAN SUSUNAN KABINET INDONESIA BERSATU II TERHADAP RETURN DAN VOLUME SAHAM LQ45. S2 thesis, Universitas Mercu Buana Jakarta-Menteng.

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Abstract

The capital markets have an important role in economic life, particularly in the process of allocation of public funds. As an instrument of economic, capital market is not free from environmental influences, both economic and environmental non- economic environment. Effect of non-economic environment in this research is the announcement of the political events of Kabinet Indonesia Bersatu II. This study uses event study methods (event study) to examine the stock price reaction to an information published as an announcement. The purpose event study to examine the market reaction of the abnormal return on a particular stock as a result of the announcement of Kabinet Indonesia Bersatu II. The test result of abnormal return, the financial sector, the probability value for 0223 and on non-financial sector amounted to 0342, the Ho> 0:05 there were no significant differences. Testing Trading Volume Activity (TVA) in the financial sector produces probability values for 0418 and non-financial sector amounted to 0815, the Ho> 0:05 there were no significant differences. Market reaction to announcement of the Kabinet Indonesia Bersatu II seems to have been anticipated by the market and walk like a normal trade. The market has been able to receive or obtain information quickly, this means the market is efficient in the semi strong form (semi-strong form).Pasar modal mempunyai peranan yang penting dalam kehidupan ekonomi, terutama dalam proses alokasi dana masyarakat. Sebagai suatu instrumen ekonomi, pasar modal tidak lepas dari berbagai pengaruh lingkungan, baik lingkungan ekonomi maupun lingkungan non ekonomi. Pengaruh lingkungan non ekonomi dalam penelitian ini adalah peristiwa politik pengumuman Kabinet Indonesia Bersatu II. Penelitian ini menggunakan metode studi peristiwa (event study) untuk meneliti reaksi harga saham terhadap suatu informasi yang dipublikasikan sebagai pengumuman. Tujuan event study untuk mengkaji reaksi pasar dari abnormal return pada suatu saham tertentu sebagai akibat dari pengumuman Kabinet Indonesia Bersatu II. Hasil pengujian abnormal return, pada sektor keuangan nilai probabilitas sebesar 0.223 dan pada sektor non keuangan sebesar 0.342, maka Ho > 0.05 tidak terdapat perbedaan yang signifikan. Pengujian Trading Volume Activity (TVA) pada sektor keuangan menghasilkan nilai probabilitas sebesar 0.418 dan sektor non keuangan sebesar 0.815, maka Ho > 0.05 tidak terdapat perbedaan yang signifikan. Reaksi pasar terhadap pengumuman Kabinet Indonesia Bersatu II sepertinya telah diantisipasi oleh pasar dan berjalan seperti perdagangan normal. Pasar telah mampu menerima atau memperoleh informasi secara cepat,ini berarti pasar sudah efisien dalam bentuk setengah kuat (semi strong form).

Item Type: Thesis (S2)
Call Number CD: CDT-551-10-101
NIM/NIDN Creators: 55105110127
Uncontrolled Keywords: MKU, Manajemen keuangan
Subjects: 600 Technology/Teknologi > 650 Management, Public Relations, Business and Auxiliary Service/Manajemen, Hubungan Masyarakat, Bisnis dan Ilmu yang Berkaitan > 658 General Management/Manajemen Umum
Divisions: Pascasarjana > Magister Manajemen
Depositing User: UMMI RAHMATUSSYIFA
Date Deposited: 10 May 2022 04:36
Last Modified: 14 Jul 2022 03:22
URI: http://repository.mercubuana.ac.id/id/eprint/60908

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