Analysis of the Impact of Terrorist Bombing Acts on Abnormal Return and Trading Volume Activity: Study of Terrorist Bombings Worldwide (2008–2017)

The purpose of this study is to analyze the capital market reaction from the impact of religious holidays which will be indicated by the presence or absence of abnormal return and trading volume activity. The sample used is the Jakarta Islamic Index (JII). This type of research is event study so that the observation period is used to see reactions before and after the event occurs. The events used in this study were the Birthday of the Prophet Muhammad, Isra Mi'raj, Eid al-Fitr, Eid al-Adha and Islamic New Year. The observation period used is from 2014 to 2017. The research period used was 7 days before the event and 7 days after the event. Data sources are obtained from Yahoo Finance, Sahamok.com and IDX. The data used in this study are secondary data, such as stock closing prices, IHSG closing prices and stock trading volume. The analytical tool used to test the hypothesis in this study is a paired t-test. The results showed that Eid al-Adha holidays had a significant difference to the abnormal return and trading volume activity before and after holidays. There were no significant differences in the abnormal return and trading volume activity before and after the Miraj Isra holiday. While the birthday of the Prophet Muhammad SAW, Eid holidays and Islamic New Year holidays there is no significant difference between abnormal stock returns and there are differences in trading volume activity before and after holidays.

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Map of Return of Shares and Volume Activity Trading of Companies in Indonesia on The Pandemic Time of Covid-19

Media Ekonomi dan Manajemen ◽

10.24856/mem.v36i2.1892 ◽

2021 ◽

Vol 36 (2) ◽

pp. 156

Author(s):

Hersugondo Hersugondo ◽

Abdul Karim ◽

Abdul Rouf

Keyword(s):

Standard Deviation ◽

Natural Disaster ◽

Abnormal Return ◽

Trading Volume ◽

Analysis Tool ◽

Volume Activity ◽

Average Abnormal Return ◽

Average Change ◽

Before And After ◽

The Impact

<p>This research was conducted to determine the impact of Covid-19 on the Company’s stock returns and trading volume activity. The covid-19 pandemic event is important for research because it includes investor’s assessment of the information generated in the capital market. This study was conducted to test the following hypotheses: before and after the Covid-19 pandemic was declared a national non-natural disaster, (1) there was a significant average change in the average abnormal return; (2) it is a significant average change in average trading volume activity. This research was conducted using event research methods. The sample for this study comes from 45 companies in the JII index. The analysis tool used is a regression with the SPSS. The descriptive statistic can be confirmed by calculating the standard deviation value. The result shows that the standard deviation range is 0.0002 to 0.03, so the research tool could be described as data obtained is suitable to the measurement variable. The conclusions explain that the events before and after the declaration of the Covid-19 outbreak as a national non-natural disaster have positive and a significant impact on the average abnormal return rate of stock activity and changes in trading volume activity.</p>

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The Impact of Stock Split on the Performance in Indonesian Manufacturing Companies

Binus Business Review ◽

10.21512/bbr.v9i1.3790 ◽

2018 ◽

Vol 9 (1) ◽

pp. 39

Author(s):

Natali Yustisia

Keyword(s):

Abnormal Return ◽

Trading Volume ◽

Stock Exchange ◽

Wilcoxon Test ◽

Manufacturing Companies ◽

Volume Activity ◽

Bid Ask Spread ◽

Stock Split ◽

Kolmogorov Smirnov ◽

The Impact

The purpose of this research was to analyze whether the stock split had an impact on liquidity and return stock in 18 manufacturing companies listed on the Indonesia Stock Exchange (BEI) from 2012 to 2015. The stock performance used in this research was trading volume activity, bid-ask spread, and abnormal return in five days before and five days after the stock split. Data analysis method used was quantitative method by using SPSS 21 with the Kolmogorov-Smirnov normality test, paired sample t-test, and Wilcoxon test. The findings indicate that stock split does not affect the trading volume activity, bid-ask spread, and abnormal return.

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Pengaruh Political Connection terhadap Cumulative Abnormal Return dan Trading Volume Activity pada Pemilihan Presiden 2019

Jurnal Studi Pemerintahan dan Akuntabilitas ◽

10.35912/jastaka.v1i1.290 ◽

2021 ◽

Vol 1 (1) ◽

pp. 83-95

Author(s):

Eldam Pradana ◽

◽

Sudrajat Sudrajat ◽

Pigo Nauli ◽

Yuliansyah Yuliansyah ◽

...

Keyword(s):

Abnormal Return ◽

Trading Volume ◽

Quantitative Methods ◽

General Election ◽

Political Connection ◽

Cumulative Abnormal Return ◽

Volume Activity ◽

Significant Difference ◽

Before And After ◽

The Impact

Abstract Purpose: This study aimed to identify the impact of Political Connection on Cumulative Abnormal Return (CAR) and Trading Volume Activity (TVA) for companies that associate with political figures in the presidential election of 2019. Research methodology: This study used quantitative methods, with a population of 25 companies on the Indonesian stock exchange, through daily stock prices. Result: This investigation showed no significant difference in the Cumulative Abnormal Return between before and after the announcement of the Constitutional Court. Then, there was no significance value on Trading Volume Activity and Cumulative Abnormal Return between before and after the announcement of General Election Commissions. Limitations: In this study, the limitation is observation time which is only 36 days. The number of samples is limited, which only 25 companies with the scope of research of companies that have affiliations with the winners of the 2019 general election. Contribution: This research implicates companies affiliated with politics. This is in the 2019 general election against the winners of the general election in 2019.

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PENGARUH PENGUMUMAN DIVIDEN TUNAI TERHADAP ABNORMAL RETURN DAN TRADING VOLUME ACTIVITY PADA PERUSAHAAN KEUANGAN YANG TERDAFTAR DI BURSA EFEK INDONESIA

Jurnal Riset Akuntansi & Keuangan ◽

10.54367/jrak.v7i1.1131 ◽

2021 ◽

pp. 42-48

Author(s):

Evelin R.R Silalahi ◽

Robasa Inriani Sianturi

Keyword(s):

Abnormal Return ◽

Trading Volume ◽

T Test ◽

Volume Activity ◽

Paired Sample ◽

Purposive Sampling

Penelitian ini bertujuan untuk menganalisis pengaruh pengumuman dividen tunai terhadap abnormal return saham dan trading volume activity sebelum dan sesudah pengumuman dividen. Populasi penelitian ini adalah semua perusahaan keuangan yang terdaftar di BEI di tahun 2016-2019. Sampel pada penelitian ini didapatkan dengan cara purposive sampling, dengan jumlah sampel 20 perusahaan. Teknik pengumpulan data menggunakan teknik dokumentasi. Metode analisis yang digunakan adalah uji paired sample t-test dengan menggunakan program SPSS 24. Hasil penelitian ini menunjukkan bahwa: (1) Pengumuman dividen tunai tidak berpengaruh terhadap abnormal return, hal ini dibuktikan dengan hasil uji paired sample t-test dengan tingkat signifikansi 0,948 (0,948>0,05) yang berarti tidak terdapat perbedaan rata-rata abnormal return yang signifikan antara sebelum dan sesudah pengumuman dividen tunai. (2) Pengumuman dividen tunai tidak berpengaruh terhadap trading volume activity, hal ini dibuktikan dengan hasil uji paired sample t- test dengan tingkat signifikasi 0,607 (0,607>0,05) yang berarti tidak terdapat perbedaan rata-rata trading volume activity yang signifikan antara sebelum dan sesudah pengumuman dividen saham. Kata kunci: Dividen tunai, Abnormal Return, dan Trading Volume Activity.

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Analisis Reaksi Pasar Terhadap Pengumuman Merger dan Akuisisi Pada Perusahaan Akuisitor yang Terdaftar di BEI

E-Jurnal Akuntansi ◽

10.24843/eja.2018.v23.i03.p10 ◽

2018 ◽

pp. 1870

Author(s):

Ika Putri Adnyani ◽

Gayatri Gayatri

Keyword(s):

Abnormal Return ◽

Trading Volume ◽

Sampling Method ◽

Stock Exchange ◽

Cumulative Abnormal Return ◽

Test Results ◽

Volume Activity ◽

Paired Sample ◽

Analysis Technique ◽

Before And After

This research is conducted on all acquisition companies that conduct acquisitions listed on Indonesia Stock Exchange 2011-2016 period. Sampling method using purposive sampling. The number of samples of this research is 50 companies. The market reaction in this study used abnormal return and trading volume activity. The testing of information content will be done by looking at differences in cumulative abnormal return and the average trading volume of shares five days before and five days after the announcement of the acquisition. Data analysis technique used is paired sample t-test. Based on the test results, found there are significant differences in the abnormal return of the acquirer company before and after the announcement of the acquisition. However, there is no difference in trading volume activity of the acquirer's stock before and after the acquisition announcement Keywords: acquisitions, stock market, abnormal return, trading volume activity

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ANALISIS PERBEDAAN ABNORMAL RETURN DAN VOLUMEPERDAGANGAN SAHAM SEBELUM DAN SESUDAH PILPRES 9 JULI 2014 (STUDI KASUS PERUSAHAAN MILIK BAKRIE GROUP DAN MNC GROUP)

Jurnal Manajemen ◽

10.26460/jm.v4i2.171 ◽

2016 ◽

Vol 4 (2) ◽

Author(s):

Suharyati Suharyati ◽

Sri Hermuningsih

Keyword(s):

Abnormal Return ◽

Trading Volume ◽

Volume Activity ◽

Average Abnormal Return ◽

Before And After ◽

A Company

The purpose of this study to analyze the differences abnormal return and trading volume activity before and after pilpres 9 July 2014, at the company Bakrie Group and MNC Group. The results show: (1) There are no differences in average abnormal return before and after pilpres 9 Juli 2014 on the company Bakrie Group and MNC Group.The absence of a difference is becausereaction IDX to the pilpres 9 July 2014 is instantaneous and not prolonged. (2) There are no differences inaveragetrading volume activitybefore and after pilpres 9 Juli 2014 on the company Bakrie Group, but there are differences in average trading volume activitybefore and after pilpres 9 July 2014 on the companyMNC Group. The discrepancies in the company MNC Group is because investors MNC Group took profit rollicking tacking. While no differences in the company Bakrie Group is because investors Bakrie Group are not bothered by pilpres 9 July 2014. (3) The Company is more affected by pilpres 9 July 2014 is a company owned by MNC Group. Keywords: Abnormal Return,TradingVolumeActivity, Pilpres 9 July 2014.

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