Abnormal Return Dan Likuiditas Saham Atas Pengumuman Akuisisi

Suherman, Suherman; Nuraisyah, Riznita; Ahmad, Gatot Nazir

doi:10.24912/jm.v20i1.71

Cited by 4 publications

(5 citation statements)

References 5 publications

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“…On the other hand, different from the research that has been done by Suherman et, al. (2016) which shows that there are significant differences in abnormal returns before and after the announcement of acquisitions and mergers.…”

Section: Paired Sample Difference Test T-testcontrasting

confidence: 67%

Analysis of Capital Market Reactions To The Merger of Indonesian Sharia Banks: BRIS Stocks Evidence

Agustin

2022

J. Keuang. dan Perbank.

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This study aims to obtain evidence of the stock market’s reaction to the merger of Indonesian Islamic banks and its prediction power to JCI. The variables used in this study are abnormal returns and trading volume activity with an observation period of 60 days before the event and 60 days after the event. We use 2 types of time series data, which are daily data to analyze AR and trading volume activity, and weekly data to analyze the causality relationship. The results showed that there were no differences in abnormal returns before and after the merger, but there were differences in trading volume activity before and after the merger. In addition, this study also aims to determine the reciprocal relationship using Granger causality between the JCI and BRIS stocks prices before and after the merger of Indonesian Islamic banks. The results of the study show that there is no reciprocal relationship between the Composite Stocks Price Index and the stock’s price of BRIS and vice versa.

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Section: Paired Sample Difference Test T-testcontrasting

confidence: 67%

Analysis of Capital Market Reactions To The Merger of Indonesian Sharia Banks: BRIS Stocks Evidence

Agustin

2022

J. Keuang. dan Perbank.

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“…This research using the ratio of abnormal stock returns that are proxied by Actual Return (Rit) and Expected Return E (Rit) using the market adjusted model. This is supported by the research of [1]; [10]; [18]; also [20].…”

Section: Conceptual Frameworksupporting

confidence: 58%

“…Dependent variables in this research using stock's abnormal returns which has similarities with the research of [1]; [9]; [12]; [18]; also [20]. This research has differences with the research of [4]; [10]; [15]; also [19] in the form of dependent variables that use financial performance.…”

Section: Previous Researchmentioning

confidence: 82%

Analysis of Covid-19 Impact on Stock’s Abnormal Return in Cigarette Sub Sector Companies Listed on BEI

Mulyaningsih¹,

Hartini²,

Anggraeni³

et al. 2021

Proceedings of the 1st International Conference on Sustainable Management and Innovation, ICoSMI 2020, 14-16 September 2020, Bo

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This study aims to analyze the impact of Covid-19 on stock's abnormal return in cigarette sub sector companies listed on the Indonesia Stock Exchange in the January-May 2020 period. The population of this study are 5 cigarette sub sector companies. The research sample selection uses census method. Secondary data in this study regarding stock's abnormal returns with actual return and market return proxies. Data obtained from the company's daily stock price and composite stock price index. Descriptive statistical analysis, data normality test analysis and hypothesis test analysis are processed using SPSS 25. Statistical test with paired sample t test showed no significant difference in abnormal return between the period of 52 days before and 52 days when WFH with a significant level of 95% (α = 0.05). From the SPSS test results it is known that the significance value obtained is equal to 0.911. When compared with the significance value that has been set. the value is greater (α> 0.05). So H1 which states there are differences in stock's abnormal returns before and during the WFH Covid-19 is rejected.

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“…Jika disebabkan oleh permintaan maka disebut berita baik. Sebaliknya, apabila disebabkan oleh penjualan maka dikatakan sebagai berita buruk (Suherman, Nuraisyah, & Ahmad, 2016).…”

Section: Pendahuluanunclassified

Analisis Reaksi Investor di Bursa Efek Indonesia pada Pelantikan Joko Widodo

Karina¹,

Sujana²,

Irwansyah³

2020

JJPE

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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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Abnormal Return Dan Likuiditas Saham Atas Pengumuman Akuisisi

Cited by 4 publications

References 5 publications

Analysis of Capital Market Reactions To The Merger of Indonesian Sharia Banks: BRIS Stocks Evidence

Analysis of Capital Market Reactions To The Merger of Indonesian Sharia Banks: BRIS Stocks Evidence

Analysis of Covid-19 Impact on Stock’s Abnormal Return in Cigarette Sub Sector Companies Listed on BEI

Analisis Reaksi Investor di Bursa Efek Indonesia pada Pelantikan Joko Widodo

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