Proceedings of the 2017 International Conference on Organizational Innovation (ICOI 2017)

Does the market react to the Australian Embassy attack in Indonesia?

Authors
Iman Harymawan, Dianawati Dianawati, Akbar Suryo Kusumo Baharuddin
Corresponding Author
Iman Harymawan
Available Online July 2017.
DOI
10.2991/icoi-17.2017.22How to use a DOI?
Keywords
Event study, terrorism, efficient market.
Abstract

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.

Copyright
© 2017, 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/).

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Volume Title
Proceedings of the 2017 International Conference on Organizational Innovation (ICOI 2017)
Series
Advances in Intelligent Systems Research
Publication Date
July 2017
ISBN
978-94-6252-359-3
ISSN
1951-6851
DOI
10.2991/icoi-17.2017.22How to use a DOI?
Copyright
© 2017, 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  - 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  - Proceedings of the 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  - 10.2991/icoi-17.2017.22
ID  - Harymawan2017/07
ER  -