ABNORMAL RETURN DI SEKITAR TANGGAL PERISTIWA EKONOMI MAKRO 2018 DI INDONESIA (Fluktuasi BI 7 Day Reverse Repo Rate 15 November 2018)

Rachmawati, Anisa (2019) ABNORMAL RETURN DI SEKITAR TANGGAL PERISTIWA EKONOMI MAKRO 2018 DI INDONESIA (Fluktuasi BI 7 Day Reverse Repo Rate 15 November 2018). EFEKTIF Jurnal Bisnis dan Ekonomi, 10 (2). pp. 59-68. ISSN 2087-1872

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Abstract

ABSTRACT This research analyzed the shift on the BI 7-Day Reverse Repo Rate fluctuation on November 15th, 2018. This Event provided the chance for INDEX LQ45 stock price to fluctuate in the stock exchange and to give different abnormal return, before and after BI 7-Day Reverse Repo Rate. The results showed that the abnormal return around the date, increase from 5.75% to 6% and led to stability and negative values which can be categorized as bad news. Bad news occured when Bank Indonesia set the increase rate of BI 7-Day Reverse Repo Rate to 6% and was stable until January, 2019 compared to before the Event occured. Two months before the Event there were two changes that did not affect the abnormal return.The adjustment of the new price after the phenomenon did not require a long time. Keywords: Event Study, BI 7-Day Reverse Repo Rate, Abnormal Return, Stock Market Reaction

Item Type:	Article
Subjects:	H Social Sciences > HF Commerce > HF5601 Accounting H Social Sciences > HG Finance
Divisions:	Fakultas Ekonomi dan Bisnis > S1 Akuntansi
Depositing User:	Ms Anisa Rachmawati
Date Deposited:	07 Dec 2022 04:06
Last Modified:	07 Dec 2022 04:09
URI:	http://eprints.uty.ac.id/id/eprint/4925

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