Efek Pemilu Presiden Terhadap  Volume Perdagangan Saham di Pasar Modal Indonesia

The “reason for this research is to see the average difference of stock trading volume activity after and before the implementation of the Presidential Election. This research uses an event study, where the research is conducted for 7 working days after up to 7 working days before the implementation of the presidential election. This study uses additional information obtained from the Indonesia Stock Exchange. The information used in this test includes a list of LQ45 shares, daily trading volume, and number of shares outstanding. While the samples used are stocks that are included in the LQ45 list on the Indonesia Stock Exchange.”The results showed that from the results of statistical tests on the average difference of stock trading volume activity after and before the implementation of the presidential election, there was a significant difference to the average stock trading volume activity after and before the implementation of the presidential election.

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Reaksi Pasar Terhadap Peristiwa Pemilihan Presiden Indonesia 2019

E-Jurnal Akuntansi ◽

10.24843/eja.2019.v29.i03.p09 ◽

2019 ◽

Vol 29 (3) ◽

pp. 1026

Author(s):

I Gede Aditya Baskara ◽

Made Gede Wirakusuma

Keyword(s):

Event Study ◽

Presidential Election ◽

Stock Prices ◽

Abnormal Return ◽

Market Reaction ◽

Stock Exchange ◽

Statistical Tests ◽

Abnormal Returns ◽

T Test ◽

Significant Difference

This research is an event study that aims to determine the market reaction arising from the 2019 Indonesian presidential election, against companies listed in the infrastructure stock sector on April 17, 2019, using the abnormal return indicator. This study uses secondary data in the form of daily stock prices per company during the period with the population of the infrastructure sector listed on the Indonesia Stock Exchange. The statistical tests used to test hypotheses are descriptive statistical tests, normality tests and one sample t-test. The results of the one sample t-test on abnormal return is that there is no significant difference, which means the market does not respond to the event. These results indicate that the efficient market is not answered in the 2019 Indonesian presidential election due to the absence of abnormal returns in it. Keywords : Event Study, Market Reaction, Abnormal Return, 2019 Indonesian Presidential Election.

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Indonesia's Capital Market Reaction Election Events

SENTRALISASI ◽

10.33506/sl.v9i2.872 ◽

2020 ◽

Vol 9 (2) ◽

pp. 97

Author(s):

Chalimatuz Sa'diyah ◽

Bambang Widagdo

Keyword(s):

Capital Market ◽

Presidential Election ◽

Abnormal Return ◽

Trading Volume ◽

Strong Influence ◽

Statistical Tests ◽

Volume Activity ◽

Market Activity ◽

Significant Difference ◽

Election Results

Penelitian ini bertujuan untuk mengetahui apakah terdapat peningkatan/penurunan aktivitas pasar modal sebelum pengumuman hasil Pemilihan Umum Presiden 2019, apakah terdapat peningkatan/penurunan aktivitas pasar modal setelah Pemilihan Umum Presiden 2019 dan sebelum pengumuman hasil Pemilihan Umum Presiden 2019, dan apakah terdapat peningkatan/penurunan aktivitas pasar modal setelah pengumuman hasil Pemilihan Umum Presiden 2019. Data yang digunakan dalam penelitian ini adalah data sekunder. Dari analisis yang dilakukan pada 45 perusahaan yang tergabung dalam LQ45 yang dimulai dari 15 Maret sampai dengan 21 Juni 2019. Alat analisis yang digunakan adalah uji statistik parametrik Repeated ANOVA. Hasil penelitian menunjukan bahwa pengumuman hasil pemilu 2019 tidak memberikan pengaruh yang kuat terhadap pergerakan aktivitas pasar modal pada sebelum, saat dan sesudah hasil pemilu diumumkan, ini dibuktikan dari nilai Abnormal Return dan Trading Volume Activity dengan signifikansi sebesar 0,173 dan 0,520 yang lebih besar dari nilai α sebesar 0,05, sehingga dapat dikatakan bahwa tidak terdapat perbedaan yang signifikan Abnormal Return dan Trading Volume Activity pada kondisi sebelum, saat dan sesudah pengumuman hasil pemilu. Berdasarkan hasil tersebut, maka pengumuman hasil pemilu tidak memberikan pengaruh yang kuat terhadap pergerakan aktivitas pasar modal di bursa efek Indonesia. Para investor merasa yakin bahwa siapapun presiden yang terpilih akan memberikan dampak yang positif bagi negara.This study aims to Determine Whether there is an Increase / Decrease in capital market activity before the announcement of the results of the 2019 Presidential Election from, whether there is an Increase / Decrease in capital market activity after the 2019 Presidential Election and before the announcement of the results of the 2019 Presidential Election, and Whether there is an Increase / Decrease in capital markets activity after the announcement of the results of the 2019 Presidential Election. The Data used in this study are secondary data. From the analysis conducted on 45 companies incorporated in LQ45 starting from March 15 until June 21, 2019. The analytical tool used was the Repeated ANOVA parametric statistical tests. Results showed that the announcement of the 2019 election results did not have a strong influence on the movement of capital market activities before, when and after the election results were announced, this was evidenced from the Abnormal Return and Trading Volume Activity with a significance of 0,173 and 0,520 which was greater than the α value of 0:05, so it can be said that there is no significant difference Abnormal Return and Trading Volume Activity in conditions before, during and after the announcement of election results. Based on Reviews These results, the announcement of election results did not have a strong influence on the movement of capital market activities on the Indonesian stock exchange. Investors feel confident that whoever is Elected will have a positive impact on the country.

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ANALISIS PERBEDAAN ABNORMAL RETURN DAN TRADING VOLUME ACTIVITY SAHAM SEBELUM DAN SESUDAH PERISTIWA GEMPA DI YOGYAKARTA TANGGAL 27 MEI 2006 (Sudi Kasus pada Perusahaan Asuransi Terdaftar di Bursa Efek Jakarta)

IQTISHODUNA ◽

10.18860/iq.v2i2.227 ◽

2011 ◽

Vol 2 (2) ◽

Author(s):

Lulu Nurul Istanti, SE., MM.,

Keyword(s):

Abnormal Return ◽

Trading Volume ◽

Stock Exchange ◽

Mean Value ◽

Volume Activity ◽

Significant Difference ◽

Before And After ◽

Insurance Firms ◽

The Mean ◽

Difference Test

This research presents an empirical analysis of difference between abnormal return and trading volume activity before and after earths-quake, in Yogyakarta at May 27, 2006. And examine its statistical properties. This research argues that there was difference between abnormal return and trading volume activity before and after quake. For this purpose, the mean difference test, using t-test, was applied to compare the mean value of abnormal return and trading volume activity before and after quake. The sample of this research consists of the insurance firms listed at the Jakarta Stock Exchange. Investigation on the sample firms involved periods of ten days before quake and ten days after quake. The results of this research indicate that there was no significant difference between the abnormal return and trading volume activity before and after quake. This evidence confirms that even did not positively influence abnormal return and trading volume activity as suggested theoretically.

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Analisis Reaksi Investor di Bursa Efek Indonesia pada Pelantikan Joko Widodo

Jurnal Pendidikan Ekonomi Undiksha ◽

10.23887/jjpe.v12i1.21514 ◽

2020 ◽

Vol 12 (1) ◽

pp. 50

Author(s):

Komang Lia Karina ◽

I Nyoman Sujana ◽

M. Rudi Irwansyah

Keyword(s):

Trading Volume ◽

Stock Exchange ◽

Abnormal Returns ◽

Secondary Data ◽

Wilcoxon Test ◽

Stock Index ◽

Stock Trading ◽

Significance Level ◽

Significant Difference ◽

Before And After

This study aimed to analyze the reaction of investors on Indonesia Stock Exchange to the inauguration of the 8th President by observing whether there were any significant differences in abnormal returns and stock trading volume activities before and after the event. The observation period used in this study was 10 days, with details of each 5 days before and after the President's inauguration event that occurred on 20 October 2019. This research was quantitative research and used daily transaction data on the market capital as a secondary data source. The samples used were companies that were included in the LQ45 stock index for the period August 2019 - January 2020. A non-parametric test in the form of Wilcoxon test was used to test the hypothesis. The results of this study showed that there were no significant difference in abnormal return and stock trading volume activity in the period before and after the event. This was evidenced by the probability value above the significance level of 5%. Thus, the results of this study were stated that there was no reaction from the investor related to the event of the inauguration of the 8th President in Indonesia.

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PEMILU SERENTAK DALAM KAITANNYA TERHADAP REAKSI PASAR MODAL DI INDONESIA

Jurnal Akuntansi dan Keuangan ◽

10.23960/jak.v25i1.240 ◽

2020 ◽

Vol 25 (1) ◽

pp. 54-64

Author(s):

Niken Kusumawardani

Keyword(s):

Capital Market ◽

Abnormal Return ◽

Trading Volume ◽

Stock Exchange ◽

Volume Activity ◽

Political Event ◽

The Public ◽

Significant Difference ◽

Before And After ◽

Index Stock

This study aims to determine the effect of simultaneous elections in Indonesia, namely legislative and executive elections that occur simultaneously together with the reaction in the capital market. Market reaction is measured using trading volume activity and returns stock that occur within the timeframe before and after the holding of simultaneous elections, namely on the date before and after April 17, 2019. The population in this study is the issuer that actively trades its shares on the Indonesia Stock Exchange (IDX) in Compass100 Index stock category. The research hypothesis was tested with an independent sample t-test using software SPPS26. Hypothesis testing results indicate a significant difference in trading volume activity that occurs before and after simultaneous elections. While the variable abnormal return there is no significant difference before and after the election simultaneously. This research is expected to be a reference for all parties concerned including the public towards a political event that occurs in this case specifically the simultaneous elections for decision making related to investment activities in stock instruments

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Analisis Buyback Saham Tanpa Rapat Umum Pemegang Saham di PT. Aneka Tambang (Studi Pada Surat Edaran Nomor 3/SEOJK.04/2020)

AKUNTABILITAS Jurnal Ilmiah Ilmu-Ilmu Ekonomi ◽

10.35457/akuntabilitas.v14i1.1429 ◽

2021 ◽

Vol 14 (1) ◽

pp. 9-21

Author(s):

M. Boy Singgih Gitayuda

Keyword(s):

Abnormal Return ◽

Trading Volume ◽

Secondary Data ◽

Data Types ◽

Volume Activity ◽

Stock Trading ◽

Significant Difference ◽

Before And After ◽

Stock Buyback ◽

Descriptive Approach

In early 2020, stock trading in Indonesia was under significant pressure, as indicated by the decline in the IHSG. This is due to the pressure and global economic slowdown due to the Covid-19 pandemic and weakening world oil prices. The purpose of this study was to find out how the effect of share buyback announcements without the RUPS on the response to the market at PT. Aneka Tambang Tbk. based on Surat Edaran OJK Nomor 3/SEOJK.04/2020. This research is structured with a quantitative method with a descriptive approach using secondary data types obtained from finance.yahoo.com and other relevant sources. This study will assess whether a significant difference is found before the announcement of the stock buyback and afterwards on the return, abnormal return, and trading volume activity of the stock. The results of the study stated that there was no significant difference before and after the announcement of the stock buyback on the return and abnormal return at PT. Aneka Tambang Tbk. However, a significant difference was found in the trading volume activity (TVA) before the announcement of the share buyback at PT. Aneka Tambang Tbk. and after.

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ANALISIS LIKUIDITAS SAHAM SEBELUM, SAAT DAN SESUDAH PENGUMUMAN STOCH SPLIT

El-HARAKAH (TERAKREDITASI) ◽

10.18860/el.v8i1.4619 ◽

2008 ◽

Vol 8 (1) ◽

pp. 129

Author(s):

Agus Sucipto

Keyword(s):

Stock Price ◽

Trading Volume ◽

Market Reaction ◽

Volume Activity ◽

Stock Trading ◽

Stock Liquidity ◽

Bid Ask Spread ◽

Significant Difference ◽

Stock Split ◽

Before And After

Stock split announcement is one of information type published by emitent that is used to know market reaction. When stock split announcement contains information, the market reacts that is shown by the changing of stock price. This study is intended to describe the effect of stock split announcement to market reaction using event study. This approach is used to identify the reaction of the market which is an activity of trading volume and bid-ask spread of stock used to know stock liquidity. The findings show that there is no significant difference between stock trading volume activity before, during and after stock split announcement. Whereas, the period of before and after the announcement, there is a significant difference of stock trading volume activity. The finding of bid-ask spread stock shows that there is a significant difference in the period of before and after stock split announcement. But there is no significant difference in the period of before and after stock split announcement. Pengumuman pemecahan saham adalah salah satu jenis informasi yang diterbitkan oleh emiten yang digunakan untuk mengetahui reaksi pasar. Bila pengumuman pemecahan saham berisi informasi, pasar bereaksi yang ditunjukkan oleh perubahan harga saham. Penelitian ini bertujuan untuk mendeskripsikan efek pengumuman pemecahan saham terhadap reaksi pasar dengan menggunakan kajian peristiwa. Pendekatan ini digunakan untuk mengidentifikasi reaksi pasar yang merupakan aktivitas volume perdagangan dan pemecahan saham yang digunakan untuk mengetahui likuiditas saham. Temuan menunjukkan bahwa tidak ada perbedaan yang signifikan antara aktivitas volume perdagangan saham sebelum, selama dan setelah pengumuman pemecahan saham. Padahal, periode sebelum dan sesudah pengumuman, ada perbedaan yang signifikan dari aktivitas volume perdagangan saham. Temuan menunjukkan bahwa ada perbedaan yang signifikan pada periode sebelum dan sesudah pengumuman pemecahan saham. Namun tidak ada perbedaan yang signifikan pada periode sebelum dan sesudah pengumuman pemecahan saham.

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REAKSI PASAR ATAS PANDEMI VIRUS CORONA PADA PERUSAHAAN LQ45 DI BURSA EFEK INDONESIA

Jurnal Bisnis Terapan ◽

10.24123/jbt.v5i1.4029 ◽

2021 ◽

Vol 5 (1) ◽

pp. 125-138

Author(s):

Nabiell Ghibran ◽

Lukman Effendy ◽

Indria Puspitasari Lenap

Keyword(s):

Event Study ◽

Abnormal Return ◽

Trading Volume ◽

T Test ◽

Volume Activity ◽

Paired Sample ◽

A Value ◽

Corona Virus ◽

Significant Difference ◽

Before And After

Abstract The study was intended to analyze the reactions of Indonesia's capital markets on events Indonesia tested positive for the corona virus pandemic. The study adopted an 11-day period of event study analysis. The population in this study is the entire company listed on the LQ45 index at the Indonesian stock exchange in February - June 2020. Sampling taken in this study uses an impressive sampling technique. Samples obtained by criteria on this research account number 42 companies. Variables used in this study are abnormal return and trading volume of activity. The study used paired sample t-test analysis methods. The research indicates that there was no significant difference between average abnormal return before and after the Indonesia announcement was positive the corona virus pandemic. This is indicated by the results of the significant paired sample t-test that have a value of 0.924 > 0.05. Additionally, this study indicates that there was no significant difference in average trading volume activity before and after the events of the Indonesian announcement was positive that the corona virus pandemic. This is indicated by the results of the significant paired sample t-test that have a value of 0.936 > 0.05. Keywords : Event Study, Corona Virus Pandemic, Abnormal Return, Trading Volume Activity

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Does Trading Volume Activity React To The Announcement of Large-Scale Social Restrictions During The Covid-19 Pandemic?

RSF Conference Series: Business, Management and Social Sciences ◽

10.31098/bmss.v1i3.342 ◽

2021 ◽

Vol 1 (3) ◽

pp. 301-307

Author(s):

Suratna Suratna ◽

Hendro Widjanarko ◽

Humam Santosa Utomo

Keyword(s):

Event Study ◽

Capital Market ◽

Trading Volume ◽

Large Scale ◽

Research Study ◽

Volume Activity ◽

Stock Trading ◽

Study Approach ◽

Analysis Technique ◽

Before And After

This research is an event study that aims to examine the information content as measured by trading volume activity as a form of capital market reaction to the announcement of the COVID-19 pandemic in Indonesia. The purpose of this research study is to determine and analyze the presence or absence of trading volume activity before and after the announcement of Large-Scale Social Restrictions in the context of handling COVID-19 in Indonesia. The analytical method used in the study is a quantitative method in research with an event study approach which is used to analyze the reaction of the capital market to the announcement of large-scale social restrictions (PSBB) in the context of handling the COVID-19 pandemic in Indonesia. The data analysis technique in this research is using event study. The results showed that there were significant differences in stock trading volume activity before and after the announcement of the PSBB policy during the Covid-19 pandemic in DKI Jakarta.

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Price Fraction Changes Impact on Stock Trading Indicators: An Events Study on Indonesia Stock Exchange

The Winners ◽

10.21512/tw.v20i1.5103 ◽

2019 ◽

Vol 20 (1) ◽

pp. 1

Author(s):

Adi Teguh Suprapto ◽

Mulyono Mulyono ◽

Danang Prihandoko

Keyword(s):

Stock Price ◽

Trading Volume ◽

Stock Exchange ◽

Volume Data ◽

Stock Trading ◽

Significant Difference ◽

Indicator Variables ◽

Before And After ◽

Data Volume ◽

The Difference

This research presented differences of stock price fraction system to stock trading indicator variables such as volume, value, and frequency of stock trading transactions on companies listed in Indonesia Stock Exchange. The purpose of this research was to measure and analyze the difference of stock price fraction system to stock trading indicator variables. Sample determination based on the sampling method was saturated, i.e., the technique of determining the sample by using all members of the population as a sample. The sample in this research used JCI data as it represents the 115 issuers listed on the Indonesia Stock Exchange during the research period. This research used Mann-Whitney U Test to find out whether there were differences between two groups of data that were not related (independent) with the classification; group 1 was the volume data, the value and frequency of stock trading before the new price fraction that was applied 02 May 2016. While the second group data volume, value and frequency of stock trading after applying the new price fraction 02 May 2016. This research finds that the stock trading indicators reflected by the trading volume of stocks, the value of the stock, and the frequency of stock trading has a significant difference before and after the implementation of the new stock price fraction.

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