ANALISIS EVENT STUDY: DAMPAK BOM BALI II, JW MARRIOTTS DAN RITZ-CARLTON TERHADAP HARGA SAHAM DI BURSA EFEK INDONESIA (STUDY KASUS SAHAM INDUSTRI PERBANKAN)

sparta, sparta (2011) ANALISIS EVENT STUDY: DAMPAK BOM BALI II, JW MARRIOTTS DAN RITZ-CARLTON TERHADAP HARGA SAHAM DI BURSA EFEK INDONESIA (STUDY KASUS SAHAM INDUSTRI PERBANKAN). JURNAL KEUANGAN DAN PERBANKAN.

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Abstract

This study aims to test the capital market reaction to the events of Bali II, JW Marriotts and Ritz Carlton bombing. Tests performed to see whether there are abnormal returns obtained by investors in each blasting event Bom Bali II and Marriotts and Ritz Carlton. The second objective was to examine differences in abnormal returns before and after bomb events. The third objective is to test whether there are differences in the volume of trading activity in the Indonesia Stock Exchange (IDX) before and after the bomb blast incident. This study uses event study to test hypotheses one, two and three. Observation period was five days before and five days after the event. The sample used is Banks in the Banking Industry which go public on the Stock Exchange. Period estimate used to obtain the market model is 40 days before the period of observation. The results of this study indicate that the two bombing incidents were not triggered the abnormal return due to abnormal return in the observation period was not significant. Both events also not give effect to investors’ shares of the banking industry because there was no difference in abnormal returns before and after the events of the two bombing. The results also show that the two bombing incident does not affect the activity of stock trading volume of the Banking Industry as there is no difference in the average volume of trading activity before and after the events of the bombings. Keywords: Event Study, Abnormal Return, and Trading Volume Activity

Item Type: Article
Subjects: H Social Sciences > HF Commerce
H Social Sciences > HF Commerce > HF5601 Accounting
H Social Sciences > HG Finance
Divisions: Prodi S1 Akuntansi
Depositing User: Sparta Sparta
Date Deposited: 18 Oct 2020 10:46
Last Modified: 17 Dec 2020 00:01
URI: http://repository.ibs.ac.id/id/eprint/951

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