scholarly journals DAMPAK COVID-19 TERHADAP PERUBAHAN HARGA DAN RETURN SAHAM

2021 ◽  
Vol 4 (4) ◽  
pp. 462-480
Author(s):  
Novi Darmayanti ◽  
Titik Mildawati ◽  
Fitriah Dwi Susilowati
Keyword(s):  
Stock Returns ◽  
Capital Market ◽  
Stock Prices ◽  
Stock Return ◽  
T Test ◽  
Paired Sample ◽  
Corona Virus ◽  
Rapid Transmission ◽  
The Impact ◽  
The Capital Market

ABSTRACTCOVID-19 is an acronym for “Corona Virus Desease-2019”. Emergance at the end of 2019 and the explosion of this virus caused by rapid transmission yo the effects caused and the absence of a vaccine that can definitely fight this virus. In Indonesia, the peak of people’s fear of this virus occured when the first COVID-19 case was announced on 2 March 2020. The impact of this outbreak attacked all sectors including the capital market. By using paired sample t test, this study aims to analyze the impact of the announcement on changes in price and stock returns PT. Indosat, Tbk. The results showed that stock prices experienced significant changes with sig.value 0,000 < 0,05 . While stock returns did not change due the announcement because sig.velue of stock return is 0,946 > 0,05. 

scholarly journals ANALISIS PENGARUH PENGUMUMAN BOND RATING TERHADAP RETURN SAHAM PERUSAHAAN DI BURSA EFEK JAKARTA PERIODE 2012-2014

2017 ◽  
Vol 5 (1) ◽  
Author(s):  
Rinto Noviantoro
Keyword(s):  
Stock Returns ◽  
Stock Return ◽  
Stock Exchange ◽  
T Test ◽  
Bond Rating ◽  
Paired Sample ◽  
Purposive Sampling ◽  
Before And After ◽  
The Difference ◽  
The Impact

Rinto Noviantoro: The purpose of this study to examine the impact of the announcement of bond rating on stock returns prior (the announcement of bond rating), stock return on day (bond rating announcement). Data used are daily stock return by Jakarta Stock Exchange (JSE), bond rating announcement by PT. PEFINDO, and firm are listing in Jakarta Stock Ekchange between 2012 to 2014. This research using 29 emitens as the sample bosed on purposive sampling. This data are analyzed with paired sample t-test and Oneway ANOVA.The analysis indicates that : (1) the defference are not significant between stock return an day bond rating announcement with before day bond rating announcement, (2) the difference are not significant between stock return on day bond rating announcement with after day bond rating announcement, (3) the difference are significant between stock return before bond rating announcement with after bond announcement (4) avarage stock return on day, before and after bond rating announcement are not significant differences.Key words: Obligasi, Return Saham

scholarly journals ANALISIS PERBEDAAN HARGA SAHAM, RETURN SAHAM, DAN ABNORMAL RETURN SEBELUM DAN SESUDAH STOCK SPLIT PADA PERUSAHAAN HIGH PROFILE DAN LOW PROFILE YANG TERDAFTAR DI BURSA EFEK INDONESIA

2021 ◽  
Vol 11 (1) ◽  
pp. 42
Author(s):  
Pita Rahmawati ◽  
Jawoto Nusantoro ◽  
Gustin Padwa Sari
Keyword(s):  
Stock Returns ◽  
Stock Prices ◽  
Abnormal Returns ◽  
T Test ◽  
Paired Sample ◽  
High Profile ◽  
Normality Test ◽  
Low Profile ◽  
Stock Split ◽  
Before And After

This research aims to determine whether there are differences in stock prices, stock returns and abnormal returns before and after a stock split in high profile and low profile companies. The research period used in this study was on 2016-2018. The research was analyzed in quantitative method by using a purposive sampling method. Based on the sampling criteria, 40 companies were selected as research samples. Kolmogorov Smirnov One Sample test was used for the normality test. After the normality test was carried out, the data was processed using the two paired-sample difference test. The t-test (paired sample t-test) was used if data were normally distributed but if it was not normally distributed the Wilcoxon Signed Rank test would be used. Hypothesis testing results showed that (1) there are differences in stock prices whether before and after a stock split in high profile companies (2) there are differences in stock prices whether before and after the stock split in low profile companies (3) there are differences in stock returns whether before and after a stock split in the company high profile (4) there is no difference in stock returns whether before and after the stock split in low profile companies (5) there is no difference in abnormal returns whether before and after the stock split in high profile companies (6) there is no difference in abnormal returns whether before and after the stock split in low profile companies (7) there are differences in stock prices after a stock split in high profile companies and low profile (8) there is no difference in stock returns whether before and after the stock split in high profile and low profile companies (9) there is no difference in abnormal stock returns whether before and after a stock split at high profile and low profile companies.

scholarly journals PENGARUH PELANTIKAN KABINET KERJA HASIL RESHUFFLE JILID II TERHADAP HARGA SAHAM LQ-45

2017 ◽  
Vol 13 (1) ◽  
pp. 1
Author(s):  
Aulia Hatmanti ◽  
Bambang Sudibyo
Keyword(s):  
Event Study ◽  
Stock Prices ◽  
Abnormal Return ◽  
T Test ◽  
Good News ◽  
Political Event ◽  
Paired Sample ◽  
The Difference ◽  
Adjusted Model ◽  
The Impact

Abstrak: Pengaruh Pelantikan Kabinet Kerja Hasil Reshuffle Jilid II terhadap Harga Saham LQ-45. Tujuan dari penelitian ini adalah untuk melihat pengaruh peristiwa politik-pelantikan Kabinet Kerja hasil reshuffle jilid II-terhadap harga saham yang terdaftar dalam kelompok saham LQ-45. Penelitian ini menggunakan metode studi peristiwa untuk melihat adanya reaksi pasar yang dapat dilihat dari adanya abnormal return pada saham. Abnormal return pada penelitian ini dihitung menggunakan mean-adjusted model. Berdasarkan hasil uji beda t-test satu sisi, terdapat abnormal return positif yang signifikan pada event day (t) dan t+3. Uji beda rata-rata menggunakan paired sample t-test yang dilakukan untuk melihat perbedaan rata-rata abnormal return pada 5 hari sebelum dan 5 hari sesudah peristiwa tidak menunjukkan adanya hasil yang signifikan. Berdasarkan hasil tersebut, dapat disimpulkan bahwa peristiwa politik berupa pelantikan Kabinet Kerja hasil reshuffle jilid II merupakan good news bagi investor. Kata kunci: studi peristiwa, abnormal return, LQ-45, peristiwa politik Abstract: The Impact of the Inauguration of 2nd Reshuffled Cabinet on LQ-45 Stock Prices. The purpose of this research is to observe the impact of the political event the inauguration of 2nd reshuffled cabinet-to LQ-45 group’s stock prices. This study used event study method to identify the market reaction that can be seen from the abnormal return on the stock prices. The abnormal return is calculated using mean-adjusted model. T-test indicates that there is a significant positive abnormal return on event day (t) and t+3. Besides, paired sample t-test was conducted to see the difference in the average abnormal return in 5 days before and five days after the events didn’t show any significant results. Based on these results, it can be concluded that the inauguration of 2nd reshuffled cabinet is good news for investors. Keywords: event study, abnormal return, LQ-45, political events

scholarly journals ANALISIS PENGARUH PENGUMUMAN DIVIDEN TERHADAP PERUBAHAN HARGA SAHAM (RETURN) SEBELUM DAN SESUDAH EX-DIVIDEND DATE DI BURSA EFEK JAKARTA (BEJ)

2019 ◽  
Vol 1 (2) ◽  
pp. 73
Author(s):  
Wibowo Wibowo ◽  
Melati Adorini
Keyword(s):  
Capital Market ◽  
Abnormal Return ◽  
Stock Return ◽  
Stock Exchange ◽  
Paired Sample ◽  
Before And After ◽  
Independent Variable ◽  
Return Difference ◽  
The Impact ◽  
Observation Period

<p><em>The objective of this research was to analyze the impact of ex-dividend date announcement in Jakarta Stock Exchange (JSX) on stock return during the period of 2000- 2004. This research takes 25 corporation samples which are divided into two groups, namely increasing dividend group and decreasing dividend group. The method used in this research is event study that observed the stock return movement in capital market. The observation period was during 15 days before and 15 days after ex-dividend date. In order to examine the existence of price reaction, the abnormal return was conducted during the event period towards the increasing dividend group and decreasing dividend group. The independent variable used was dividend declaration (increasing dividend and decreasing dividend) and dependent variable used was stock return. The calculation of this research using paired sample t test, was to prove if there is any stock return differences between before and after ex-dividend date announcement with<br /> the presence of increasing dividend declaration and decreasing dividend declaration in Jakarta Stock Exchange (JSX). The result of this research had shown two conclutions that for the increasing dividend group, there were no stock return (abnormal return) diffrerence between before and after ex-dividend date due to the increasing dividend declaration in Jakarta Stock Exchange (JSX) and for the decresing dividend group there was stock return (abnormal<br /> return) difference between before and after ex-dividend date due to decresing dividend declaration in Jakarta Stock Exchange (JSX).</em></p>

scholarly journals Pembatasan Sosial Berskala Besar (PSSB) saat Pandemi Covid-19 dan Dampaknya bagi Pasar Modal Indonesia

2020 ◽  
Vol 2 (1) ◽  
pp. 33-37
Author(s):  
Ll. Irman Suhaedading
Keyword(s):  
Capital Market ◽  
Stock Price ◽  
Large Scale ◽  
Positive Impact ◽  
Composite Index ◽  
T Test ◽  
Paired Sample ◽  
Two Samples ◽  
Positive Sentiment ◽  
The Impact

The research aims to see impact of Jakarta’s Large Scale Social Distancing (PSBB) when the Covid-19 pandemic for capital market in Indonesia. The data used are Indonesia Composite Index (IHSG), a month before PSBB (2 March 2020 – 9 April 2020) and during PSBB (13 April 2020 – 5 June 2020). The research used Paired Sample T-Test, for comparing two samples data whether they are related or not.The result: There is no significant different between stock price before PSBB and during PSBB. This point can be explained that investors have been anticipating the impact from Covid-19 pandemic. Likewise, Governor of Bank Indonesia said that PSSB in Jakarta will bring positive impact for money market, so that it makes positive sentiment for investors. Consequently, there is no significant impact for composite stock price

scholarly journals The Capital Market Reaction To The Corona Covid-19 Virus Outbreak Events

Academia Open ◽  
2021 ◽  
Vol 3 ◽  
Author(s):  
Wardah Azizah ◽  
Nurasik
Keyword(s):  
Capital Market ◽  
Abnormal Return ◽  
Market Reaction ◽  
Stock Exchange ◽  
Abnormal Returns ◽  
T Test ◽  
Paired Sample ◽  
Significant Difference ◽  
Real Picture ◽  
The Capital Market

This study aims to get a real picture of the Capital Market Reaction to the Corona Covid-19 Virus Outbreak (Study on LQ-45 Companies Listed on the Indonesia Stock Exchange). The analytical tool used is descriptive statistical analysis and classical assumption test. To test the hypothesis, it is done using data analysis in the form of Paired Sample T-Test using the statistical program "Product and Service Solution" (SPSS). The results of hypothesis testing using paired sample t-test obtained t-value with a significant value of 0.000 (0.000 <0.05). From these results, it can be stated that the hypothesis is accepted, which means that there is a significant difference in abnormal returns before and after the Corona / Covid-19 Virus Outbreak. The difference in Abnormal Return on the test results has a positive value, this shows that if the Corona / Covid-19 Virus Outbreak has increased, the Abnormal Return value will increase.

scholarly journals The Impact of Tax Amnesty Announcement towards Share Performance and Market Reaction in Indonesia

2018 ◽  
Vol 7 (2) ◽  
pp. 39
Author(s):  
Lidya Agustina ◽  
Yuliana Gunawan ◽  
Windawaty Chandra
Keyword(s):  
Stock Returns ◽  
Stock Prices ◽  
Trading Volume ◽  
Stock Return ◽  
Market Reaction ◽  
Stock Exchange ◽  
Abnormal Returns ◽  
Test Method ◽  
Tax Amnesty ◽  
The Impact

The Indonesian Government reviewed back the tax amnesty in 2016. Various reactions came up along with the announcement of tax amnesty, the investors did not accept- which led to the announcement of the Tax Forgiveness regulation through the market reactions and stock market performances in Indonesia Stock Exchange. This research is to analyze event study using information based on government-related announcements to show the impact of the new regulation towards stock performance and market reaction. The effect of the announcement will be seen from the changes in stock-prices or stock-returns that provide abnormal returns in the event period as well as market reaction which reflected in trading volume. This research used stock-return data and trading volume from all companies listed in IDX in 2016 and analyzed using the Paired Sample T-Test method. The result of this research shows there are differences among the average of stock-return, average abnormal-return of stock, and stock trading volume before and after the tax amnesty announcement.

scholarly journals RETURN PASAR MODAL DAN PASAR RAKYAT?

2021 ◽  
Vol 6 (1) ◽  
pp. 56-66
Author(s):  
M Ali Fikri ◽  
Saipul Arni Muhsyaf ◽  
Nungki Kartikasari
Keyword(s):  
Stock Returns ◽  
Capital Market ◽  
Stock Prices ◽  
Firm Value ◽  
Value Relevance ◽  
Explanatory Power ◽  
Market Returns ◽  
Traditional Markets ◽  
Traditional Market ◽  
The Capital Market

The value relevance according to Beaver (1968) is the explanatory power of accounting information, for example accounting earnings and book value are related to firm value represented by stock prices. The phenomenon is that many players from the capital market are carried out by the middle to upper class, even though on the other hand there are small investments that also generate returns, for example the traditional market. This study examines the differences in the value relevance of the capital market and the traditional market to obtain empirical evidence about the relevance of the value of stock returns between the capital market and the traditional market. This research was conducted around the scope of the Indonesian Capital Market (IDX) and Traditional Markets in the Mataram area. The results showed that the value of traditional market returns was more profitable than the capital market.

scholarly journals Impact of M&A Announcement on Stock Returns of Acquirer Companies: New Evidence from Indian Stock Market

2017 ◽  
Vol 3 (1) ◽  
pp. 86
Author(s):  
Richa Vij
Keyword(s):  
Stock Market ◽  
Mergers And Acquisitions ◽  
Stock Returns ◽  
Capital Market ◽  
Stock Return ◽  
Strong Form ◽  
Business Objectives ◽  
Indian Stock Market ◽  
The Impact ◽  
New Evidence

Mergers and Acquisitions (M&As) are often used as preferred tools of corporate structuring to serve a variety of business objectives and add value for the shareholders. Earlier studies have triggered a number of questions regarding the impact of M&As for the shareholders of acquiring companies. This paper focuses on the M&A among Indian companies and the response of the Indian capital market to such attempts as reflected in the changes in the stock return for different window periods close the M&A announcement. The findings of the present study suggest that there is significant impact of M&A announcement on stock returns for almost half of the sample acquirer companies. The study offers evidence in support of the contention that Indian stock market is not efficient in the semi-strong form with respect to M&A announcement information for acquirer companies and emphasizes that  investment analyst cannot ignore the information regarding the M&A deals.

PRICE EARNING RATIO, DIVIDEN YIELD, DAN MARKET TO BOOK RATIO UNTUK MEMPREDIKSI RETURN ON STOCK MARKET

2019 ◽  
Vol 8 (2) ◽  
Author(s):  
Sely Megawati Wahyudi
Keyword(s):  
Regression Analysis ◽  
Capital Market ◽  
Stock Prices ◽  
Capital Investment ◽  
Stock Return ◽  
Share Price ◽  
Variable Effect ◽  
Independent Variables ◽  
Financial Condition ◽  
The Capital Market

The existence of the capital market makes the company has tools to measure the performance and financial condition of the company. If the company's financial condition is good, then the market will respond positively through an increase in stock prices. With the rise in stock prices in the capital market, more and more investors will invest in investments. In general, investors will invest if the investment can get the maximum return with certain risks. The stock valuation in fundamental analysis is often used by market analysis to determine the capital investment for the share Price Earning Ratio (PER), Market to Ratia Book, and Dividend Yield. In this research, the data used is secondary data. Samples are taken by systematic samples. This study uses regression analysis, Stock Return as the dependent variable and PER, MTB, DY and NI as independent variables. The results of the research conducted in the regression analysis were 32.6% in 2010, 25.5% in 2011, 26.3% in 2012 and 20.8% in 2010-2012. PER variables, MTB, DY, and NI for Returning Shares. This means that PER, MTB, DY, and NI simultaneously affect Stock Return. MTB positive effect on Stock Return, while PER, DY and NI negative effect on Stock Return, and four independent variables, MTB variable is the most dominant variable effect on Stock Return

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