Jurnal Studi Pemerintahan dan Akuntabilitas
Vol. 1 No. 1 (2021): Juli

Pengaruh Political Connection terhadap Cumulative Abnormal Return dan Trading Volume Activity pada Pemilihan Presiden 2019

Eldam Pradana (Jurusan Akuntansi, Fakultas Ekonomi dan Bisnis, Universitas Lampung, Bandar Lampung)
Sudrajat (Jurusan Akuntansi, Fakultas Ekonomi dan Bisnis, Universitas Lampung, Bandar Lampung)
Pigo Nauli (Jurusan Akuntansi, Fakultas Ekonomi dan Bisnis, Universitas Lampung, Bandar Lampung)
Yuliansyah Yuliansyah (Jurusan Akuntansi, Fakultas Ekonomi dan Bisnis, Universitas Lampung, Bandar Lampung)



Article Info

Publish Date
25 Jul 2021

Abstract

Purpose: This study aimed to identify the impact of Political Connection on Cumulative Abnormal Return (CAR) and Trading Volume Activity (TVA) for companies that associate with political figures in the presidential election of 2019. Research methodology: This study used quantitative methods, with a population of 25 companies on the Indonesian stock exchange, through daily stock prices. Result: This investigation showed no significant difference in the Cumulative Abnormal Return between before and after the announcement of the Constitutional Court. Then, there was no significance value on Trading Volume Activity and Cumulative Abnormal Return between before and after the announcement of General Election Commissions. Limitations: In this study, the limitation is observation time which is only 36 days. The number of samples is limited, which only 25 companies with the scope of research of companies that have affiliations with the winners of the 2019 general election. Contribution: This research implicates companies affiliated with politics. This is in the 2019 general election against the winners of the general election in 2019.

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Journal Info

Abbrev

jastaka

Publisher

Subject

Decision Sciences, Operations Research & Management Economics, Econometrics & Finance Social Sciences

Description

Jurnal Studi Pemerintahan dan Akuntabilitas (Jastaka) is a peer-reviewed scientific journal that publishes critical and original analysis from researchers and academic practitioners about social, politics, and government issues. Jastaka accepts quality manuscripts aiming at advancing theoretical and ...