Pengaruh Kenaikan BBM Terhadap Reaksi Pasar Modal di Bursa Efek Indonesia (Studi Kasus pada Saham LQ45 : Juni 2013)

Prabarinandar, Rhafian (2014) Pengaruh Kenaikan BBM Terhadap Reaksi Pasar Modal di Bursa Efek Indonesia (Studi Kasus pada Saham LQ45 : Juni 2013). Other thesis, Universitas Sebelas Maret.

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    Abstract

    This research is a study which belongs to the category of event study which is a research that studies about the reaction of a market to an event that the information is published as an announcement. The purpose of the research is to discover whether is there any empirical evidence about the reaction of capital market of Indonesia toward the announcement of increasing of fuel price on Juni 2013, by using abnormal return and trading volume activity indicators. The Population in this research is the stocks which included in the LQ45 index on the Indonesia Stock Exchange on the period of February-July 2013, and the data used in this research are secondary data which consists of daily stock prices and daily share trading volume during the five days before and five days after the event. The sample of this research was taken by using purposive sampling method in order to avoid cofounding effect. The methods of this research is using paired samples t-test. The result of this research is the absence of differences of Abnormal Return and Trading Volume Activity before and after the announcement of the increasing fuel price, it is because of the market would have predicted the increasing of the fuel price the days before. Based on this research, the increasing of fuel price contains a bad news information, but not significanlly different. For Investors, it is not necessary for them to make the increasing fuel price as reference in decision-making, instead they should consider other external factors. For the next similiar researches,it is good to reconsider to shorten the research period to avoid cofounding effect from another external factors Keywords: Increasing of Fuel Price, Market Reaction, Abnormal Return, Trading Volume Activity

    Item Type: Thesis (Other)
    Subjects: H Social Sciences > HC Economic History and Conditions
    H Social Sciences > HD Industries. Land use. Labor
    Divisions: Fakultas Ekonomi > Ekonomi Pembangunan
    Depositing User: Minardi Aris
    Date Deposited: 27 Sep 2015 14:14
    Last Modified: 27 Sep 2015 14:14
    URI: https://eprints.uns.ac.id/id/eprint/19609

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