REAKSI PASAR TERHADAP PERISTIWA POLITIK DI INDONESIA
This research is an empirical test of market reaction to the political events that occurred in Indonesia. Those three political events is the resignation of Finance Minister Sri Mulyani, the appointment of Finance Minister Agus Martowardojo, and the appointment of Governor of Bank Indonesia Darmin N...
| Main Authors: | , |
|---|---|
| Format: | Thesis |
| Published: |
[Yogyakarta] : Universitas Gadjah Mada
2011
|
| Subjects: |
| _version_ | 1797030614817308672 |
|---|---|
| author | , Yulianto Dwi Nugroho, S.Hut., S.E , Prof. Dr. Eduardus Tandelilin, M.B.A., |
| author_facet | , Yulianto Dwi Nugroho, S.Hut., S.E , Prof. Dr. Eduardus Tandelilin, M.B.A., |
| author_sort | , Yulianto Dwi Nugroho, S.Hut., S.E |
| collection | UGM |
| description | This research is an empirical test of market reaction to the political events
that occurred in Indonesia. Those three political events is the resignation of
Finance Minister Sri Mulyani, the appointment of Finance Minister Agus
Martowardojo, and the appointment of Governor of Bank Indonesia Darmin
Nasution, which occurred in 2010.
This research uses stocks trading data listed in LQ45 as data samples. This
study used the event study method, which aim to whether there are abnormal
returns generated in the event period.
Results of hypothesis testing indicate that the market reacted to those political
events. Hypothesis 1, the resignation of Finance Minister Sri Mulyani event
generate negative abnormal returns for investors is proved in this study, although
there is also the opposite reaction (positive reaction) on the next day in the event
period. Hypothesis 2, the appointment of Finance Minister Agus Martowardojo
event generates negative abnormal returns for investors is proved in this study,
although there is also an opposite reaction (positive reaction) in the event period.
Hypothesis 3, the appointment of Governor of Bank Indonesia Darmin Nasution
generates positive abnormal returns for investors is proved in this study, although
it also an opposite reaction (negative reaction) on the following days in the event
period. |
| first_indexed | 2024-03-13T22:08:35Z |
| format | Thesis |
| id | oai:generic.eprints.org:89849 |
| institution | Universiti Gadjah Mada |
| last_indexed | 2024-03-13T22:08:35Z |
| publishDate | 2011 |
| publisher | [Yogyakarta] : Universitas Gadjah Mada |
| record_format | dspace |
| spelling | oai:generic.eprints.org:898492014-08-20T02:54:30Z https://repository.ugm.ac.id/89849/ REAKSI PASAR TERHADAP PERISTIWA POLITIK DI INDONESIA , Yulianto Dwi Nugroho, S.Hut., S.E , Prof. Dr. Eduardus Tandelilin, M.B.A., ETD This research is an empirical test of market reaction to the political events that occurred in Indonesia. Those three political events is the resignation of Finance Minister Sri Mulyani, the appointment of Finance Minister Agus Martowardojo, and the appointment of Governor of Bank Indonesia Darmin Nasution, which occurred in 2010. This research uses stocks trading data listed in LQ45 as data samples. This study used the event study method, which aim to whether there are abnormal returns generated in the event period. Results of hypothesis testing indicate that the market reacted to those political events. Hypothesis 1, the resignation of Finance Minister Sri Mulyani event generate negative abnormal returns for investors is proved in this study, although there is also the opposite reaction (positive reaction) on the next day in the event period. Hypothesis 2, the appointment of Finance Minister Agus Martowardojo event generates negative abnormal returns for investors is proved in this study, although there is also an opposite reaction (positive reaction) in the event period. Hypothesis 3, the appointment of Governor of Bank Indonesia Darmin Nasution generates positive abnormal returns for investors is proved in this study, although it also an opposite reaction (negative reaction) on the following days in the event period. [Yogyakarta] : Universitas Gadjah Mada 2011 Thesis NonPeerReviewed , Yulianto Dwi Nugroho, S.Hut., S.E and , Prof. Dr. Eduardus Tandelilin, M.B.A., (2011) REAKSI PASAR TERHADAP PERISTIWA POLITIK DI INDONESIA. UNSPECIFIED thesis, UNSPECIFIED. http://etd.ugm.ac.id/index.php?mod=penelitian_detail&sub=PenelitianDetail&act=view&typ=html&buku_id=51158 |
| spellingShingle | ETD , Yulianto Dwi Nugroho, S.Hut., S.E , Prof. Dr. Eduardus Tandelilin, M.B.A., REAKSI PASAR TERHADAP PERISTIWA POLITIK DI INDONESIA |
| title | REAKSI PASAR TERHADAP PERISTIWA POLITIK DI INDONESIA |
| title_full | REAKSI PASAR TERHADAP PERISTIWA POLITIK DI INDONESIA |
| title_fullStr | REAKSI PASAR TERHADAP PERISTIWA POLITIK DI INDONESIA |
| title_full_unstemmed | REAKSI PASAR TERHADAP PERISTIWA POLITIK DI INDONESIA |
| title_short | REAKSI PASAR TERHADAP PERISTIWA POLITIK DI INDONESIA |
| title_sort | reaksi pasar terhadap peristiwa politik di indonesia |
| topic | ETD |
| work_keys_str_mv | AT yuliantodwinugrohoshutse reaksipasarterhadapperistiwapolitikdiindonesia AT profdreduardustandelilinmba reaksipasarterhadapperistiwapolitikdiindonesia |