THE IMPACT OF EVENTS AROUND OPENING OF ASIAN GAMES 2018 ON MARKET REACTIONS OF GOOD INDUSTRY CONSUMER SECTORS IN INDONESIA STOCK EXCHANGE
This study aims to determine the significant abnormal returns before and after the opening of the 2018 Asian Games in the stock of the Consumer Good Industry sector on the Indonesia Stock Exchange. The population in this study is the Good Industry Consumer sub-sector company on the Indonesia Stock E...
| Main Authors: | , |
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| Format: | Article |
| Language: | English |
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iVolga Press
2019-02-01
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| Series: | Russian Journal of Agricultural and Socio-Economic Sciences |
| Subjects: | |
| Online Access: | https://rjoas.com/issue-2019-02/article_17.pdf |
| Summary: | This study aims to determine the significant abnormal returns before and after the opening of the 2018 Asian Games in the stock of the Consumer Good Industry sector on the Indonesia Stock Exchange. The population in this study is the Good Industry Consumer sub-sector company on the Indonesia Stock Exchange. Determination of the sample using non-probability method with purposive sampling technique and obtained as many as 29 companies as samples in this study. Data were analyzed using one sample t-test and paired sample t-test. The results showed that there was a market reaction at t-4 and t-5, but it was suspected that there was information leakage indicated by the significance value at t-4 and t-5. The results of this study also indicate that there are significant differences before and after the opening of the 2018 Asian Games. |
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| ISSN: | 2226-1184 |