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RESPON PELAKU PASAR SAHAM INDONESIA TERHADAP HASIL KEPUTUSAN MAHKAMAH KONSTITUSI TENTANG GUGATAN HASIL PEMILIHAN PRESIDEN 2014

Andriani, Yuyun Dinda Yuli (2015) RESPON PELAKU PASAR SAHAM INDONESIA TERHADAP HASIL KEPUTUSAN MAHKAMAH KONSTITUSI TENTANG GUGATAN HASIL PEMILIHAN PRESIDEN 2014. Other thesis, University of Muhammadiyah Malang.

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Abstract

The purpose of this study was to evaluate the response of the Indonesian stock market participants against the decision of the Constitutional Court on the suit the presidential election results of 2014. Data analysis technique used is the abnormal return, in the calculation of abnormal return using market adjusted model and hypothesis testing using statistical parametric t-test is paired sample t-test using SPSS for windows 20.0. Based on the research results dilakaukan during 21 days of observation can be deduced, that overall there are no abnormal changes in stock return significant both before and after the decision of the Constitutional Court because the t-count is smaller than t-table and there is a positive response only on days three before and after the events of the decision of the Constitutional Court because the t-test bigger than t-table is 2.876> 0.006 2.02269 and probability value <0.05. so that Ho refused and H1 accepted or there is a response from the Indonesian stock market participants against the decision of the Constitutional Court on the lawsuit in 2014 Presidential election result. Changes abnormal return on political and economic events do not occur significant differences. This is because the stock market participants have been able to predict who will win the verdict of the Constitutional Court on the lawsuit Prabowo-Hatta. Victory by a margin slightly so that the reaction or response of the stock market players are not compact in response to the incident.

Item Type: Thesis (Other)
Subjects: H Social Sciences > HB Economic Theory
H Social Sciences > HG Finance
H Social Sciences > HJ Public Finance
Divisions: Faculty of Economics > Department of Management (61201)
Depositing User: Fitri Ramandhany
Date Deposited: 24 Mar 2016 04:56
Last Modified: 24 Mar 2016 04:56
URI : http://eprints.umm.ac.id/id/eprint/22091

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