Reaksi Investor Dalam Pasar Modal Terhadap Penerbitan Perppu No. 1 Tahun 2017”

Abstract

Perppu Nomor 1 Tahun 2017 merupakan salah satu informasi yang dapat digunakan untuk menganalisis reaksi pasar. Tujuan penelitian ini untuk membuktikan secara empiris terdapatnya abnormal return dan trading volume activity yang signifikan di sekitar penerbitan Perppu Nomor 1 Tahun 2017. Penelitian ini adalah penelitian event study. Sampel yang digunakan adalah 42 perusahaan perbankan yang terdaftar di BEI dengan metode purposive sampling. Alat analisis yang digunakan adalah uji one sample t-test. Hasil penelitian menunjukkan bahwa terdapat abnormal return yang signifikan pada t-1 dan t+2, kemudian trading volume activity yang signifikan pada t-2, t-1, t0, t+1, t+2. Kedepannya investor agar lebih mempertimbangkan informasi dari Perppu Nomor 1 Tahun 2017 pada saat penerapannya dilakukan di tahun 2018 untuk mengambil keputusan investasi agar memperoleh keuntungan.

Market Reactions to Domestic Market Obligation (Dmo) Coal Price Policy Changes: Evidence From Indonesia

“…This study has similar results with research conducted by Anggariani and Suaryana (2018), which found that there is information in the announcement of government policies for investors. The significant abnormal return indicates this in the observation period, namely t-1 and t+2.…”

“…Previous research that examined the influence of government policies on market reactions has been carried out in Indonesia and other countries (Anand and Singh, 2018;Anggariani and Suaryana, 2018;Chandra, 2013;Hachenberg et al, 2017;Xiao and Gao, 2017). The results of these studies indicate that policy changes lead to market reactions.…”

Impact of a big political event on stock market: The 2019 Presidential Election case

“…This abnormal resturn can be caused by investor panic due to the presence of other events that reinforce the impact of the May 22. Anggariani and Suaryana (2018), who investigated the impact of the issuance of government regulation to replace law number 1 of 2017, also found significant differences in abnormal return and trading volume activity in the banking sector listed on the Indonesia Stock Exchange. This result occurred after the investors assessing the information content of the event and though that, it will be followed by the improvement of corporate banking governance and subsequently increasing customer confidence.…”