Dampak Pengumuman Penurunan Harga BBM Terhadap Abnormal Return Pada Perusahaan Yang Tergabung Dalam Idx30

Utami, Ni Komang Mega Sri; Purbawangsa, Ida Bagus Anom

doi:10.24843/ejmunud.2021.v10.i08.p01

Cited by 5 publications

(8 citation statements)

References 11 publications

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“…Study (Utami & Purbawangsa, 2021)researching the companies included in the IDX30 using the census method obtained a total sample of 15 companies. found results that there were no significant abnormal returns during the event period so that there was no market reaction around the announcement period while the research (Dirga et al, 2022) There is no significant difference in average abnormal return between the period before and after the announcement of the fuel price increase, there is no significant difference in the average trading volume activity between before and after the announcement of the fuel price increase.…”

Section: Discussionmentioning

confidence: 99%

Reaction of the Indonesian Capital Market to the Increasing Fuel Prices (Bbm) in Indonesian Composite Index (Ihsg)

Fitriaty

Saputra²

2022

JBSMR

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The purpose of this study was to test the capital market's reaction to the announcement of an increase in fuel prices on the composite stock price index through testing differences in returns and trading volume before and after the fuel price increase on September 3, 2022. This research uses an event study approach, the sample in this study is the stock price index. combination during the event period. The results of this study show that the capital market reacted to the fuel price hike event on September 3, 2022. There are differences in market returns and trading volume on the composite stock price index before and after the fuel price increase, which indicates that the fuel price increase has an influence on market movements capital in Indonesia, this is due to the significant increase in fuel prices at the time of the observation event

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Section: Discussionmentioning

confidence: 99%

Reaction of the Indonesian Capital Market to the Increasing Fuel Prices (Bbm) in Indonesian Composite Index (Ihsg)

Fitriaty

Saputra²

2022

JBSMR

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“…Research conducted by Febriyanti & Rahyuda (2016) discovered the announcement of the fuel price escalation that occurred at the beginning of the Jokowi and Jusuf Kalla administrations showed significant differences in TVA and abnormal return of companies including LQ 45 before and after the announcement of the fuel price increase, but there was no significant change in TVA or abnormal return of the industry including LQ 45 Before and after the announcement of the fuel price reduction. Utami & Purbawangsa (2021) found the results of the 2020 fuel price reduction event showed no significant difference in the abnormal return of companies listed on the IDX 30 before and after the 2020 fuel price reduction event. Other studies such as those conducted by Anita & Veronica (2016) found no difference in abnormal returns and TVA on fuel price increases during the Susilo Bambang Yudhoyono administration.…”

Section: Introductionmentioning

confidence: 90%

“…Studies on this topic have been discussed by several previous researchers, including Laksmi & Ratnadi (2015); Febriyanti & Rahyuda (2016); Choriliyah et al, (2016); Utami & Purbawangsa (2021); Tiswiyanti & Asrini (2015); Anita & Veronica (2016); Femianita & Asandimitra (2014); Chandra (2013); Liogu & Saerang (2015); Fitriaty & Saputra (2022). First, Laksmi & Ratnadi (2015) discovered the announcement of a fuel price decrease that occurred specifically on January 1, 2015, found no difference in abnormal returns of transportation companies between before and after the announcement of the decrease occurred.…”

Section: Introductionmentioning

confidence: 97%

Stock Market Reaction to The Announcement of 2022 Fuel Price Increase on JII-30

Zidniilman,

Devia

2023

JESTT

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The growth of investors in the capital market always increases every year. The growth of investors in the capital market based on the Indonesian Central Securities Depository (KSEI) increased by 15.96% in 2022. As an investor, of course, the role of information is taken into account in making investments. The announcement of the fuel price increase is one of the available information and can be used as a reference in determining investment decisions. This study aims to determine the response of Jakarta Islamic Index 30 (JII-30) investors to the price increase (BBM) by observing the difference in abnormal returns and trading volume activity before and after the announcement of the 2022 fuel price increase. This research is quantitative and uses the event study method. Based on the research obtained results that between before and after the event occurred, abnormal returns and Trading Volume Activity (TVA) there was no significant difference influenced by the increase in fuel prices. This shows that there is no investor response to the announcements of the fuel price increase. Investors can be wiser and more careful in responding to announcement information and making decisions that will be applied in investing and investors can sort out in advance related announcements and issues as a consideration before making decisions in investing. Keywords: Abnormal Return, Stock Liquidity, Trading Volume Activity, Event Study. ABSTRAK Pertumbuhan investor di pasar modal selalu meningkat dalam setiap tahunnya. Pertumbuhan investor di pasar modal berdasarkan Kustodian Sentral Efek Indonesia (KSEI) meningkat sebesar 15,96% di tahun 2022. Sebagai seorang investor, tentunya peran informasi adalah salah satu yang diperhitungkan dalam melakukan investasi. Pemberitaan kenaikan harga BBM merupakan salah satu informasi yang tersedia dan dapat dijadikan acuan dalam menentukan keputusan dalam berinvestasi. Penelitian ini bertujuan untuk mengetahui respon investor Jakarta Islamic Index 30 (JII-30) pada kenaikan harga (BBM) melalui pengamatan terhadap perbedaan abnormal return dan juga trading volume activity antara sebelum dan sesudah pemberitaan kenaikan harga Bahan Bakar Minyak (BBM) 2022. Penelitian ini merupakan penelitian kuantitatif dan mengunakan metode event study. Berdasarkan penelitian diperoleh hasil bahwa antara sebelum dan setelah event terjadi, abnormal return dan Trading Volume Activity (TVA) tidak terdapat perbedaan signifikan yang dipengaruhi oleh kenaikan harga BBM. Hal tersebut menunjukan tidak adanya respon investor terhadap pemberitaan kenaikan harga BBM. Investor dapat lebih bijak dan cermat dalam menyikapi pemberitaan informasi dan mengambil keputusan yang akan diterapkan dalam berinvestasi serta investor dapat memilah terlebih dahulu terkait berita dan isu sebagai pertimbangan sebelum mengambil keputusan dalam berinvestasi. Kata Kunci: Abnormal Return, Likuiditas Saham, Volume Aktivitas Perdagangan, Event Study.

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“…Penelitian tersebut menyebutkan bahwa tidak terjadi abnormal return signifikan yang diukur dalam periode lima harian di sekitar pengumuman. Disebutkan bahwa hal ini terjadi sebab perubahan harga BBM merupakan informasi yang terbuka secara publik serta dianggap telah direncanakan secara matang, sehingga investor menyimpulkan bahwa informasi tersebut tidak memiliki dampak terhadap perekonomian dan tidak merespon ke pergerakan saham (Utami & Purbawangsa, 2021). Selain itu, penelitian Saputra, Purbawangsa, dan Artini (2017) juga menyebutkan tidak terjadinya abnormal return signifikan selama rentang waktu penagamatan.…”

Section: Idxnoncycunclassified

Pola Abnormal Return Saham Sektor Pertanian Dalam Indeks IDNONCYC Pada Peristiwa Kenaikan Harga Bahan Bakar Minyak 3 September 2022

Haikal,

Esperanza,

Wiyono

et al. 2024

ma. mimb. agribisnis. jurnal. pemikir. masy. ilm. berwawasan. a

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The increase in fuel prices announced on September 3, 2022, has the potential to create impacts on the economy, such as inflation, rising production factor costs, and income effects, which, in turn, affect the returns that investors will receive. This research was conducted with the aim of understanding the influence of the fuel price increase on September 3, 2022, on the movement of stock prices in the primary industry sector index (IDXNONCYC) and to determine the return patterns in the primary industry sector (IDXNONCYC). The sample used in this study was purposively selected from sub-industries relevant to the components of the agribusiness subsystem, resulting in 25 samples from the Retail & Food Distribution, Supermarket, Processed Milk, Processed Food, Meat Processing, Plantation, and Tobacco sub-industries, and was analyzed over a 21-day observation period. The analysis process using descriptive statistics shows the distribution of actual returns with 36% positive, 41% negative, and 23% zero actual returns. Additionally, a positive abnormal return pattern was found, accounting for 40% with a total of 209 occurrences, and a negative abnormal return pattern accounted for 60% with a total of 316 occurrences. Furthermore, a consecutive negative abnormal return pattern was identified for 17 days, and a varied positive abnormal return pattern was also observed.

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Dampak Pengumuman Penurunan Harga BBM Terhadap Abnormal Return Pada Perusahaan Yang Tergabung Dalam Idx30

Cited by 5 publications

References 11 publications

Reaction of the Indonesian Capital Market to the Increasing Fuel Prices (Bbm) in Indonesian Composite Index (Ihsg)

Reaction of the Indonesian Capital Market to the Increasing Fuel Prices (Bbm) in Indonesian Composite Index (Ihsg)

Stock Market Reaction to The Announcement of 2022 Fuel Price Increase on JII-30

Pola Abnormal Return Saham Sektor Pertanian Dalam Indeks IDNONCYC Pada Peristiwa Kenaikan Harga Bahan Bakar Minyak 3 September 2022

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