International Journal
Permanent URI for this collection
Browse
Browsing International Journal by Subject "Abnormal Return"
Now showing 1 - 2 of 2
Results Per Page
Sort Options
- ItemTHE ANALYSIS OF IMPACT OF MULTINATIONAL COMPANY OPERATIONS CLOSING TO SHARE PRICE COMPANY IN INDONESIA (Study on Automotive Sector)(Journal of Advanced Research in Dynamical & Control Systems, Vol. 11, 03-Special Issue, 2019) Dianita, Mirna; Prayitno, Yogo Heru; Gunanta, Remon; Hadian, NikiMultinational companies are one indicator of development for a country. The more number of multinational companies open operations in a country, then it will have an impact for the economic improvement of the country. However, in recent years many of these multinational companies have announced retreat from all operations in Indonesia and stop the sale and import of all vehicles. Viewed from the side of investors, certainly provide a variety of responses. Some investors think of this as good news or "good news" so they will buy shares in the automotive sector, and for investors who think the news is bad news they will sell shares in the automotive sector.This study aims to test the market reaction to the closure of multinational corporation operations by examining the abnormal return around the date of announcement both at competitor companies and companies engaged in the same sector.This study is an event study and uses samples from companies listed on the Indonesia Stock Exchange on manufacturing companies in the various industry sectors, and in the automotive sub-sector and components. The test results can be concluded that there is no abnormal return around the occurrence of the announcement of the closing of multinational companies, then this indicates that there is a concurrent market reaction.
- ItemTHE INFLUENCE OF STOCK PRICES AND TRADING VOLUME ON ABNORMAL RETURN OF LQ45 SHARES PRE AND POST 2019 ELECTION(Solid State Technology Volume: 63 Issue: 3, 2020) Nugraha, Nugi Mohammad; Nugraha, Deden Novan SetiawanThis research analyzed the effect of stock prices and trading volume levels on abnormal returns on the Indonesian stock exchange during the period from April 2019 to June 2019. This research used the market-adjusted model method and the Kolmogorov Smirnov normality test with a sample size of 45 companies with the largest market capitalization and transaction value highest on the regular market in the last 12 months. For data processing used the SPSS-24 program. The results showed that the stock price after the announcement of the election was, on average, smaller than the pre-election announcement period. This shows that the condition of stock price returns at the pre-announcement point is decreasing and has a longer time than when the condition of the stock price decline. Meanwhile, the condition of trading volume before and after the announcement of the election results tends to decline, although not significantly. The average post-election announcement abnormal return is smaller than the pre-election announcement period. This indicates an unfavorable abnormal return after the election announcement for investors, which has an impact on the final transaction decision.