Does the market react to the Australian Embassy attack in Indonesia?
Iman Harymawan, Dianawati Dianawati, Akbar Suryo Kusumo Baharuddin
Available Online July 2017.
- https://doi.org/10.2991/icoi-17.2017.22How to use a DOI?
- Event study, terrorism, efficient market.
- The purpose of this study to investigate on how the market reacts to the terrorist incidents that occurred in Indonesia. To eliminate bias, this study only focuses on one event, Australian Embassy attack. This study uses an event study method to examine changes in abnormal returns after the terrorist attack. The sample of this study is all firms listed on the Indonesian Stock Exchange which indexed in LQ45. The result shows that the abnormal return of the firms is significant negative after the terrorist attacks. This indicates that firms in Indonesia experienced a negative market reaction after the terrorist attack.
- Open Access
- This is an open access article distributed under the CC BY-NC license.
Cite this article
TY - CONF AU - Iman Harymawan AU - Dianawati Dianawati AU - Akbar Suryo Kusumo Baharuddin PY - 2017/07 DA - 2017/07 TI - Does the market react to the Australian Embassy attack in Indonesia? BT - 2017 International Conference on Organizational Innovation (ICOI 2017) PB - Atlantis Press SP - 134 EP - 137 SN - 1951-6851 UR - https://doi.org/10.2991/icoi-17.2017.22 DO - https://doi.org/10.2991/icoi-17.2017.22 ID - Harymawan2017/07 ER -