EFEK PERISTIWA POLITIK TERHADAP KINERJA PASAR MODAL INDONESIA (Even Study Pada Vonis Yang Diberikan Kepada Basuki Tjahaja Purnama)

Abstract

ABSTRACT
This study aims to determine differences in Abnormal Return before and after the
verdict of Ahok was set on May 9, 2017. The test equipment used was Paired
Samples t-test. Based on the results of an analysis of the event study (event study)
on the verdict of Ahok shows that the activity in the capital market of stock prices
has a high market capitalization, namely by calculating the value of t before and
after the verdict of Ahok on May 9, 2017. The results of this study indicate that
there is a significant abnormal return that can be enjoyed by investors with t
<0.05. This shows that there are differences before and after the event. So it can
be concluded that the event of the adoption of Ahok's verdict on May 9, 2017
using the abnormal return indicator contains negative information, so investors in
the capital market react).
Keyword: Abnormal Return, Vonis Ahok.