RESPON PELAKU PASAR SAHAM LQ45 TERHADAP PEMILU LEGISLATIF DAN PRESIDEN DAN HASIL PEMILU PRESIDEN INDONESIA
TAHUN 2019
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Institusion
Universitas Muhammadiyah Malang
Author
Frihartina, Siti Rahmani
Subject
HD28 Management. Industrial Management
Datestamp
2020-02-19 06:59:57
Abstract :
The purpose of this study was to determine the response of LQ45 stock market participants to the legislative and presidential elections and the results of the 2019 presidential election. The data used to determine the response of market participants is to use abnormal return data and trading volume activity from 45 companies listed on LQ45, both data The test is then calculated using the marked adjusted model method and testing the hypothesis using parametric statistics by performing a different t-test namely paired sample t-test analyzed using SPSS. Based on the results of research conducted for 11 days for each event, it can be concluded that for the legislative and presidential election events, in 2019 there were significant abnormal return differences and for trading volume activity there were no significant differences around the day the event occurred. The second political event, namely the results of the presidential election, the calculation of abnormal returns and trading volume activity around the day of the event was found to be a significant difference in which this event there was a response from the stock market players which means that both hypotheses in this study were accepted in this second political event.The difference in the abnormal return and trading volume activity in the second event is due to the election this time the results of this election can be predicted by stock market participants. victory with a little difference so that the reaction or response of stock market players in a compact response to it.
The purpose of this study was to determine the response of LQ45 stock market participants to the legislative and presidential elections and the results of the 2019 presidential election. The data used to determine the response of market participants is to use abnormal return data and trading volume activity from 45 companies listed on LQ45, both data The test is then calculated using the marked adjusted model method and testing the hypothesis using parametric statistics by performing a different t-test namely paired sample t-test analyzed using SPSS. Based on the results of research conducted for 11 days for each event, it can be concluded that for the legislative and presidential election events, in 2019 there were significant abnormal return differences and for trading volume activity there were no significant differences around the day the event occurred. The second political event, namely the results of the presidential election, the calculation of abnormal returns and trading volume activity around the day of the event was found to be a significant difference in which this event there was a response from the stock market players which means that both hypotheses in this study were accepted in this second political event.The difference in the abnormal return and trading volume activity in the second event is due to the election this time the results of this election can be predicted by stock market participants. victory with a little difference so that the reaction or response of stock market players in a compact response to it.
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