Journal of Applied Business and Technology
Vol. 1 No. 1 (2020): Journal of Applied Business and Technology

ABNORMAL RETURN AND TRADING VOLUME OF ACTIVITY ANNOUNCEMENT IN PROPERTY TAX AMNESTY IN INDONESIAN

Fadrul Fadrul (Institut Bisnis dan Teknologi Pelita Indonesia)
Nur Fadjrih Asyik (Sekolah Tinggi Ilmu Ekonomi Indonesia Surabaya)
Mimelientesa Irman (Institut Bisnis dan Teknologi Pelita Indonesia)
Irena Shannan Jessica (Institut Bisnis dan Teknologi Pelita Indonesia)
Erwin Febriansyah (Universitas Muhammadiyah Bengkulu)

Article Info

Publish Date
20 Jan 2020

Abstract

This study aims to analyze the impact of the tax amnesty announcement for 3 periods in Indonesian, namely in period 1 (28 June 2016 30 September 2016), period 2 (1 October 2016-31 December 2016) and period 3 (1 January 2017-31 March 2017). This study included 46 property companies listed on the Indonesian Stock Exchange. The data analysis technique used were event study to calculate the abnormal return and trading volume activity which was paired sample t-test. The results showed that there was no significant difference in abnormal return and trading volume activity before and after the tax amnesty announcement. This indicates that investors as capital market players consider this announcement information does not contain meaningful information for investors, hence, investors in the capital market do not react.

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Journal Info
Journal of Applied Business and Technology
Website

Abbrev

JABT

Publisher

INSTITUT BISNIS DAN TEKNOLOGI PELITA INDONESIA

Subject

Computer Science & IT Decision Sciences, Operations Research & Management Economics, Econometrics & Finance

Description

JABT (Journal of Applied Business and Technology) is a media for exploration and discussion about Business Management and Technological problems arised in the society. It includes scientific articles in the form of research results, theory application, analytical studies, and literature studies on ...