Reaksi Pasar Sebelum dan Sesudah Kenaikan Harga BBM pada Perusahaan yang Listing di Bursa Efek Indonesia (BEI)
DOI:
https://doi.org/10.26740/bisma.v7n1.p53-62Keywords:
fuel price increase, abnormal return, and trading volume activity.Abstract
Fuel price increase that happened on June 2013 for gasoline and diesel fuel. Fuel price increase policy should taken by goverment in order to decrease hyper subsidy that effected to deficit budget. This researchs aim is to dict the differences market reaction between before and after fuel price increase with measure abnormal return and trading volume activity. Analysis method that use in this research is event study with event period during 21 days by using market adjusted model. The result of this reseacrh with one sample t test are the average abnormal return is significantly positive values around the date of announcement of fuel price increases. The result of this reseacrh with paired sample t-test there are differences in average abnormal return and average trading volume activity significantly before and after the announcement of fuel price increases. It shows that the market reacts to the announcement of fuel price increases.
References
Budiman, Ferry dan Supatmi. 2009. Pengaruh Pengumuman Indonesia Sustainbility Reporting award (ISRA) terhadap Abnormal Return dan Volume Perdagangan Saham (Studi Kasus pada Perusahaan Pemenang ISRA Periode 2005- 2008). Simposium Nasional Akuntansi XII Palembang.
Fahmi, Irham. 2012. Pengantar Pasar Modal. Bandung: Alfabeta.
Hall, G. Stepen dan Amangeldi Kenjegaliev. 2009. Effect of Oil Price Changes on The Price of Russian and Chinese Oil shares: Evidence from United Kingdom. University of Leicester, UK.
Jogiyanto. 2013. Teori Portofolio dan Analisis Investasi Edisi Kedelapan. Yogyakarta: BPFE-Yogyakarta.
Kasmir. 2010. Bank dan Lembaga Keuangan Lainnya Edisi Revisi. Jakarta: PT Rajagrafindo Persada.
Marati, Fudji Sri. 2012. Analisis Efisiensi Pasar Modal. Jurnal Ilmu Manajemen dan Akuntansi Terapan (JIMAT) 3(2): 35-44.
Muharram, Harjun & Widawati, Riris Retno. 2006. Analisis Reaksi Pasar Modal terhadap Pengumuman Investasi Teknologi Informasi: Studi Kasus pada Perusahaan yang Listing di BEJ Periode 2002- 2005. Jurnal Studi Manajemen & Organisasi, 3(2): 29-45.
Nikmah, Nur Utami. 2009. Pengaruh Pengumuman Kenaikan Harga BBM terhadap Abnormal Return dan Volume Perdagangan Saham (Studi Empiris pada Perusahaan- Perusahaan yang Masuk Jakarta Islamic Center).Skripsi dipublikasikan. Yogyakarta:Universitas Islam Negeri Sunan Kalijaga Jogjakarta.
Ross, Stepen A. 1977. The Determination if Financial Structure: the Incentive- Signaling Approach. The Bell Journal of Economics 1(1): 23- 40.
Samsul, Mohamad. 2006. Pasar Modal & Manajemen Portofolio. Jakarta: Erlangga.
Sari, Puspita. 2013. Tempo. Berita dipublikasikan. Diakses tanggal 12 Juni 2014.
Satria dan Supatmi. 2013. Reaksi Pasar Sebelum dan Sesudah Internet Financial Reporting. Jurnal Akuntansi dan Keuangan 15(2): 86-94.
Setyawan, Tri Adi. 2006. Analisis Reaksi Pasar Modal terhadap Kenaikan Harga BBM (Studi Kasus: di Bursa Efek Jakarta untuk Saham-saham LQ- 45).Tesis dipublikasikan.Semarang: Universitas Diponegoro Semarang.
Sunariyah. 2010. Pengantar Pengetahuan Pasar Modal. Yoyakarta: UPP AMP YKPN.
Tandelilin, Eduardus. 2007. Analisis Investasi dan Manajemen Portofolio Edisi Pertama. Yogyakarta: BPFE-Yogyakarta.
Wardhani, Laksmi Swastika. 2012. Reaksi Pasar Modal Indonesia Terhadap Peristiwa Pemilihan Gubernur DKI Jakarta Putaran II 2012 (Event Study pada Saham Anggota Indeks Kompas 100).Jurnal Ilmiah Mahasiswa FEB 1(1)
Published
How to Cite
Issue
Section
License
Copyright Notice.
The copyright of the received article once accepted for publication shall be assigned to the journal as the publisher of the journal. The intended copyright includes the right to publish the article in various forms (including reprints). The journal maintains the publishing rights to the published articles.
Abstract views: 1374
