REAKSI PASAR MODAL INDONESIA TERHADAP PENGUMUMAN RESHUFFLE KABINET INDONESIA BERSATU PADA TANGGAL 07 MEI 2007

Hasyim, Mohammad Fuad (2008) REAKSI PASAR MODAL INDONESIA TERHADAP PENGUMUMAN RESHUFFLE KABINET INDONESIA BERSATU PADA TANGGAL 07 MEI 2007. Other thesis, University of Muhammadiyah Malang.

[img]
Preview
Text
s.pdf

Download (150kB) | Preview

Abstract

The research is study case on the Indonesian capital market in Jakarta stock exchange with even study approach, that is study that teach the reaction of market to the even that the informations are publicated as a attention. The research has title “Reaksi Pasar Modal Indonesia Terhadap Pengumuman Reshuffle Kabinet Indonesia Bersatu Pada Tanggal 07 Mei 2007”. The purpose from this research to know about reaction Indonesian capital market to the publication of reshuffle of Indonesia united cabinet at 07 May 2007. The hypothesis is proposed in this research that Indonesia capital market have reaction to publication of reshuffle of Indonesia united cabinet at 07 May 2007 on 5% level of significance. The data is used to be daily data from close price of stocks included LQ 45 index for 11 days that is 29 April 2007 until 14 May 2007 that registered on Jakarta Stock Exchange. The analysis in this research with to do analysis to abnormal return at securities that happened around publication of reshuffle of Indonesia united cabinet. The model is used to estimation of expected return is market adjusted model. Average abnormal return is used as basic to determine significance of abnormal return that showing market have reaction to publication. Average abnormal return significance test with using t-test, that is compare T-count value with T-table value on 5% level of significance. Analysis result showing that value from T-table is ± 2,021. The calculation T-count at t-5 period is -2,04702, it’s mean Indonesia capital market have negative significant reaction. Calculation T-count value t-4 period until t+5 period successively are (0,20243), (0,72298), (0,84559), (0,17009), (0,58144), (0,06058), (0,87176), (0,40349), (0,56586), so from compare result with t-table value ± 2,021 showing that market have not reaction to the publication of reshuffle cabinet. Based on analysis result, so can be token a conclusion that Indonesia capital market have not reaction to the publication of reshuffle 0f Indonesia united cabinet at 07 May 2007. Based on conclusion can be token implication that investor not need afraid that publication of reshuffle of Indonesia united cabinet at 07 May 2007 will influent continuously investation on LQ 45 stock.

Item Type: Thesis (Other)
Subjects: H Social Sciences > H Social Sciences (General)
Divisions: Faculty of Economic > Department of Management
Depositing User: Anggit Aldila
Date Deposited: 07 May 2012 07:51
Last Modified: 07 May 2012 07:51
URI: http://eprints.umm.ac.id/id/eprint/4566

Actions (login required)

View Item View Item