REAKSI INVESTOR TERHADAP ISU PENCABUTAN DMO DAN MELEMAHNYA KURS RUPIAH (Event Study pada Perusahaan Tambang Batu Bara yang Terdaftar di BEI)

Abstract

ABSTRACT

The issue of revoking the DMO and the weakening of the Rupiah exchange rate are events that can influence investors' decisions in investing. This study aims to find empirical evidence of differences in abnormal return and trading volume activity before and after the issue of revocation of the DMO and the weakening of the Rupiah exchange rate. This research is quantitative research and uses secondary data from companies that are listed on the IDX. There were 12 coal mining companies used as samples using purposive sampling method and analyzed using paired sample t-test. The window period in this study is 5 days before and 5 days after the event. The results of this study found that there were differences in abnormal returns before and after the issue of revocation of the DMO but there was no difference in trading volume activity before and after the issue of revocation of the DMO. For the weakening of the Rupiah exchange rate, there are differences in abnormal returns before and after the weakening of the Rupiah exchange rate and there are differences in trading volume activity before and after the weakening of the Rupiah exchange rate. . The results of this study can be used as a reference for further researchers, for companies can be used as a tool of consideration in improving company performance, for investors the results of this study can be taken into consideration for making investment decisions, and for the government can be used as a means of taking economic policy.

Keywords: DMO, Exchange Rate, Abnormal Return, TVA, Event Study