Dampak Pergantian Menteri Keuangan terhadap IHSG
This study is aimed to prove the impact of political events in the capital market in Indonesia. Political events that focused on the study was the changing of the finance minister. Changing of the finance ministers that will be examined is only in the period of Indonesian volumes I and II, where the...
| Main Authors: | , |
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| Format: | Thesis |
| Published: |
[Yogyakarta] : Universitas Gadjah Mada
2013
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| Subjects: |
| _version_ | 1826046390312108032 |
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| author | , Agus Setiyono , Prof. Dr. Jogiyanto H.M., M.B.A, Akt. |
| author_facet | , Agus Setiyono , Prof. Dr. Jogiyanto H.M., M.B.A, Akt. |
| author_sort | , Agus Setiyono |
| collection | UGM |
| description | This study is aimed to prove the impact of political events in the capital
market in Indonesia. Political events that focused on the study was the changing
of the finance minister. Changing of the finance ministers that will be examined is
only in the period of Indonesian volumes I and II, where the period of the rise of
the Indonesian capital market. This study uses event study methodology to define
the period of estimation and the window period. Estimation period was 100 days
before the window, and the window period set 3 days before and 3 days after the
events of the change of the finance minister. The data used in this study are daily
closing index of JCI. JCI data is used to determine the estimated market return
and the abnormal return period in the window period. This study uses a Meanadjusted
model, which assumes that the market return in the window period is
constant and equal to the average market return during the estimation period.
Abnormal return of market is the difference between the market return in the
window period to estimation period and further tested statistically. Statistical test
to abnormal return is to see that the abnormal return are statistically significantly
different from zero. The market reaction will be reflected on the abnormal return.
The results of the analysis showed that the change of finance minister as political
events in Indonesia have information content. The existence of market abnormal
return on window period is not equal significantly to zero |
| first_indexed | 2024-03-13T22:52:18Z |
| format | Thesis |
| id | oai:generic.eprints.org:120285 |
| institution | Universiti Gadjah Mada |
| last_indexed | 2024-03-13T22:52:18Z |
| publishDate | 2013 |
| publisher | [Yogyakarta] : Universitas Gadjah Mada |
| record_format | dspace |
| spelling | oai:generic.eprints.org:1202852016-03-04T08:25:49Z https://repository.ugm.ac.id/120285/ Dampak Pergantian Menteri Keuangan terhadap IHSG , Agus Setiyono , Prof. Dr. Jogiyanto H.M., M.B.A, Akt. ETD This study is aimed to prove the impact of political events in the capital market in Indonesia. Political events that focused on the study was the changing of the finance minister. Changing of the finance ministers that will be examined is only in the period of Indonesian volumes I and II, where the period of the rise of the Indonesian capital market. This study uses event study methodology to define the period of estimation and the window period. Estimation period was 100 days before the window, and the window period set 3 days before and 3 days after the events of the change of the finance minister. The data used in this study are daily closing index of JCI. JCI data is used to determine the estimated market return and the abnormal return period in the window period. This study uses a Meanadjusted model, which assumes that the market return in the window period is constant and equal to the average market return during the estimation period. Abnormal return of market is the difference between the market return in the window period to estimation period and further tested statistically. Statistical test to abnormal return is to see that the abnormal return are statistically significantly different from zero. The market reaction will be reflected on the abnormal return. The results of the analysis showed that the change of finance minister as political events in Indonesia have information content. The existence of market abnormal return on window period is not equal significantly to zero [Yogyakarta] : Universitas Gadjah Mada 2013 Thesis NonPeerReviewed , Agus Setiyono and , Prof. Dr. Jogiyanto H.M., M.B.A, Akt. (2013) Dampak Pergantian Menteri Keuangan terhadap IHSG. UNSPECIFIED thesis, UNSPECIFIED. http://etd.ugm.ac.id/index.php?mod=penelitian_detail&sub=PenelitianDetail&act=view&typ=html&buku_id=60307 |
| spellingShingle | ETD , Agus Setiyono , Prof. Dr. Jogiyanto H.M., M.B.A, Akt. Dampak Pergantian Menteri Keuangan terhadap IHSG |
| title | Dampak Pergantian Menteri Keuangan terhadap IHSG |
| title_full | Dampak Pergantian Menteri Keuangan terhadap IHSG |
| title_fullStr | Dampak Pergantian Menteri Keuangan terhadap IHSG |
| title_full_unstemmed | Dampak Pergantian Menteri Keuangan terhadap IHSG |
| title_short | Dampak Pergantian Menteri Keuangan terhadap IHSG |
| title_sort | dampak pergantian menteri keuangan terhadap ihsg |
| topic | ETD |
| work_keys_str_mv | AT agussetiyono dampakpergantianmenterikeuanganterhadapihsg AT profdrjogiyantohmmbaakt dampakpergantianmenterikeuanganterhadapihsg |