REAKSI PASAR MODAL TERHADAP PENGUMUMAN KEBIJAKAN PSBB (EVENT STUDY PADA PERUSAHAAN PAKAIAN DAN BARANG MEWAH)
(EVENT STUDY PADA PERUSAHAAN PAKAIAN DAN BARANG MEWAH)
Keywords:
Market Reaction, Abnormal Returns, Trading Volume Activity, Event StudyAbstract
The aim of this research is to examine the information content contained in government announcements regarding the implementation of Large-Scale Social Restrictions. The research methodology used is quantitative using secondary data in the form of daily closing prices, daily IHSG index, share trading volume and number of shares outstanding from clothing and luxury goods sector companies listed on the Indonesia Stock Exchange in 2020. The observation period was carried out for 30 days before and 30 days after the announcement. Hypothesis testing was carried out using a paired sample t-test with the Kolmogorov-Smirnov normality test. The research results show that there is no significant difference in the average actual return, average abnormal return and average trading volume activity variables between before and after the announcement of the implementation of the Large-Scale Social Restrictions policy. Based on these results, it shows that the market did not react to the announcement of the implementation of the Large-Scale Social Restrictions policy because market players tended not to capture the information.
References
Christy, Marcellina Nadia. 2019. “Analisis Reaksi Pasar Modal Indonesia Terhadap Pengumuman Making Indonesia 4.0 (Event Study Pada Lima Sub Sektor Perusahaan Manufaktur Yang Terdaftar Di Bursa Efek Indonesia.” Jurnal Ilmiah Mahasiswa FEB 7(2).
Claudia, Nadya Cindy. 2021. “Analisis Pengaruh Pengumuman Kasus Pertama WNI Positif COVID-19 Terhadap Harga Saham Subsektor Farmasi.” Jurnal Ilmiah Mahasiswa FEB 9(2).
Darmayanti, Novi, Titik Mildawati, and Fitriah Dwi Susilowati. 2020. “Dampak Covid-19 Terhadap Perubahan Harga Dan Return Saham.” EKUITAS (Jurnal Ekonomi dan Keuangan) 4(4): 462–80.
Fissholah, Qurrota Aini, and Tyas Danarti Hascaryani. 2022. “Analisis Return Saham Dan TVA Pada Sektor Kesehatan Sebelum Dan Selama Pandemik Covid-19.” Contemporary Studies in Economic, Finance and Banking 1(1): 49–61.
Gitiyarko, Vincentius. 2020. “Upaya dan Kebijakan Pemerintah Indonesia Menangani Pandemi Covid-19.” Kompaspedia. https://kompaspedia.kompas.id/baca/paparan-topik/upaya-dan-kebijakan-pemerintah-indonesia-menangani-pandemi-covid-19 (January 2, 2024).
Hartono, Jogiyanto. 2018. Studi Peristiwa Meguji Reaksi Pasar Modal Akibat Suatu Peristiwa. Pertama. Yogyakarta: BPFE-Yogyakarta.
Jogiyanto. 2019. Teori Portofolio Dan Analisis Investasi. 11th ed. Yogyakarta: BPFE.
Kusumawati, Indah, Indah Purnamawati, and Resha Dwi Ayu Pangesti Mulyono. 2022. “Perbandingan Reaksi Pasar Sebelum Dan Sesudah Pengumuman Kasus Covid-19 Pertama (Event Study Pada Perusahaan Sektor Agrikultur Yang Terdaftar Di Bursa Efek Indonesia).” Akuntansi : Jurnal Akuntansi Integratif 8(1).
Mailangkay, Ferdinand A., Marjam Mangantar, and Joy E. Tulung. 2021. “Reaksi Pasar Modal Terhadap Penerapan Kebijakan Psbb Pada Industri Perhotelan Yang Terdaftar Di Bursa Efek Indonesia.” Jurnal EMBA : Jurnal Riset Ekonomi, Manajemen, Bisnis dan Akuntansi 9(3).
Putri, Dessy Rizky. 2020. “Pengaruh Risiko Bisnis, Investment Opportunity Set, Kepemilikan Manajerial Terhadap Nilai Perusahaan Properti Dan Real Estate Dengan Variabel Intervening Struktur Modal.” Universitas Airlangga.
Respati, Laras Laksita, and Bahtiar Fitanto. 2022. “Analisis Pengaruh Pembatasan Sosial Berskala Besar Terhadap Respon Pasar Modal Dilihat Dari Harga Saham Sektor Properti Dan Real Estate Yang Ada Di Bei Tahun 2020-2021.” Contemporary Studies in Economic, Finance and Banking 1(1): 1–12.
Rori, Alriani, Marjam Mangantar, and Joubert B. Maramis. 2021. “Reaksi Pasar Modal Terhadap Pengumuman Pembatasan Sosial Berskala Besar (Psbb) Akibat Covid-19 Pada Industri Telekomunikasi Di Bei.” Jurnal EMBA : Jurnal Riset Ekonomi, Manajemen, Bisnis dan Akuntansi 9(1)..
Sari, Putu Elfira Permata, and Rencana Sari Dewi. 2021. “Analisis Perbandingan Trading Volume Activity Dan Abnormal Return Saham Idx30 Sebelum Dan Sesudah Pengumuman Covid-19 Sebagai Pandemi Oleh World Health Organization.” JIMAT (Jurnal Ilmiah Mahasiswa Akuntansi) Undiksha 12(3): 876–85.
Suganda, T. Renald. 2018. Teori dan Pembahasan Reaksi Pasar Modal Indonesia. Puntadewa.
Downloads
Published
How to Cite
Issue
Section
License
Copyright (c) 2024 Devi Pramita Sari, Ade Irma Suryani Lating
This work is licensed under a Creative Commons Attribution-ShareAlike 4.0 International License.
Authors who publish with this journal agree to the following terms:
- Authors retain copyright and grant the journal right of first publication with the work simultaneously licensed under a Creative Commons Attribution-ShareAlike 4.0 International License that allows others to share the work with an acknowledgment of the work's authorship and initial publication in this journal.
- Authors are able to enter into separate, additional contractual arrangements for the non-exclusive distribution of the journal's published version of the work (e.g., post it to an institutional repository or publish it in a book), with an acknowledgment of its initial publication in this journal.
- Authors are permitted and encouraged to post their work online (e.g., in institutional repositories or on their website) prior to and during the submission process, as it can lead to productive exchanges, as well as earlier and greater citation of published work.
