Hasil Cek Plagiasi Trading Activity Against Political Event (Event Study of the So-Called 212 Peaceful Demonstration)

Ady, Sri Utami Hasil Cek Plagiasi Trading Activity Against Political Event (Event Study of the So-Called 212 Peaceful Demonstration). Fakultas Ekonomi dan Bisnis.

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Abstract

This study aimed to explain the reaction of the capital market against event (Event study) 212 demonstrations peaceful protest events against the share price of PT Nippon Indosari Corpindo Tbk in December 2016. It also aimed to analyze the level of Indonesian capital market. PT Nippon Indosari Corpindo Tbk. As one of the companies directly affected the event as the location of the research. The data used the daily closing stock price data, daily stock trading volume, and the number of outstanding shares obtained from the Indonesia Stock Exchange. By using a t-test analysis, the results of tests made clear that there was no significant difference in trading volume activity before and after their peaceful protest demonstration event 212. These were because the Indonesian people already familiar with the demonstrations that occurred in the country, so those market participants were calmer in dealing with the situation. The reaction of investors to the event in the Indonesian capital market was quite low indicates the level of efficiency of the Indonesian capital market was still weak.

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