Jurnal Keuangan dan Bisnis
Vol. 19 No. 2 (2021): Jurnal Keuangan dan Bisnis Volume 19 No. 2, Edisi Oktober 2021

The Capital Market Response to The Announcement of The 2019-2024 Indonesia Onward Cabinet System : Empirical Study on Companies Listed on Kompas Index 100

Clara Trimawarningsih Saravia Jegarut (Unknown)
Caecilia Wahyu Estining Rahayu (Unknown)
Ima Kristina Yulita (Unknown)

Article Info

Publish Date
22 Oct 2021

Abstract

This research aims to examine capital market response to the 2019-2024 Indonesia Onward Cabinet System announced by President Jokowi. This event study research used market estimation model to estimate the expected return with an estimated period of 100 days and window period of seven days. There were 90 companies that are the member of Kompas Index 100 as the sample used in this research. T-test was used to analyze the data. The result shows that the announcement System of Indonesia Onward Cabinet 2019-2024 was responded positively and significantly by capital market. The result supports signaling theory in which the announcement of the 2019-2024 Indonesia Onward Cabinet System gave positive signal (influence) on capital market.

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Journal Info
Jurnal Keuangan dan Bisnis
Website

Abbrev

jkb

Publisher

Universitas Katolik Musi Charitas

Subject

Economics, Econometrics & Finance Social Sciences

Description

Jurnal Keuangan dan Bisnis: Jurnal Keuangan dan Bisnis terbit secara berkala dua kali setahun yaitu bulan Maret dan Oktober. Jurnal Keuangan dan Bisnis bertujuan untuk menyediakan forum penyebaran aplikasi teori dan penelitian di semua bidang Ekonomi, Manajemen dan Akuntansi , termasuk tetapi tidak ...