Proceedings of the 1st International Conference on Economics, Business, Entrepreneurship, and Finance (ICEBEF 2018)

Market Reaction on the First Reshuffle of “Kabinet Kerja” at LQ 45

Authors
Soritaon Siregar, Nita Kanya
Corresponding Author
Soritaon Siregar
Available Online May 2019.
DOI
https://doi.org/10.2991/icebef-18.2019.81How to use a DOI?
Keywords
kabinet reshuffle announcement; market reaction; LQ 45 index
Abstract

The purpose of this study was to know the difference of average abnormal return at LQ 45 between before and after announcement reshuffle of “Kabinet Kerja”. This study used explanatory survey method. The total population of 45 companies. Daily data for 6 days’ observation each 3 days before announcement and 3 days after announcement covering closing stock price. Hypothesis testing was used paired sample t test. The results showed that there is no significant difference between average abnormal return before and after the announcement reshuffle of “Kabinet Kerja”. This indicates that the reshuffle announcement on “Kabinet Kerja” did not generate a market reaction because the reshuffle issue has been widely discussed by experts in their field on various media so investors have been able to predict before the reshuffle was announced.

Copyright
© 2019, the Authors. Published by Atlantis Press.
Open Access
This is an open access article distributed under the CC BY-NC license (http://creativecommons.org/licenses/by-nc/4.0/).

Download article (PDF)

Volume Title
Proceedings of the 1st International Conference on Economics, Business, Entrepreneurship, and Finance (ICEBEF 2018)
Series
Advances in Economics, Business and Management Research
Publication Date
May 2019
ISBN
978-94-6252-723-2
ISSN
2352-5428
DOI
https://doi.org/10.2991/icebef-18.2019.81How to use a DOI?
Copyright
© 2019, the Authors. Published by Atlantis Press.
Open Access
This is an open access article distributed under the CC BY-NC license (http://creativecommons.org/licenses/by-nc/4.0/).

Cite this article

TY  - CONF
AU  - Soritaon Siregar
AU  - Nita Kanya
PY  - 2019/05
DA  - 2019/05
TI  - Market Reaction on the First Reshuffle of “Kabinet Kerja” at LQ 45
BT  - Proceedings of the 1st International Conference on Economics, Business, Entrepreneurship, and Finance (ICEBEF 2018)
PB  - Atlantis Press
SP  - 361
EP  - 365
SN  - 2352-5428
UR  - https://doi.org/10.2991/icebef-18.2019.81
DO  - https://doi.org/10.2991/icebef-18.2019.81
ID  - Siregar2019/05
ER  -