Abnormal Return Testing Before and After the Earnings Announcement

DOI

10.2991/aebmr.k.200127.040How to use a DOI?

Keywords

abnormal return, earnings announcement, event study

Abstract

This study examines the existence of abnormal returns on the days before and after the annual earnings of stocks in the IDX 30 index over the 2017 – 2019 period. This study used the event study method to observe abnormal returns of stocks in the IDX 30 index at six days before and six days after the annual earnings announcement. The results showed that there was no abnormal return on stocks in the IDX 30 index before or after the announcement.

Copyright

© 2020, 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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TY  - CONF
AU  - B.S. Sutejo
AU  - M. Utami
PY  - 2020
DA  - 2020/01/31
TI  - Abnormal Return Testing Before and After the Earnings Announcement
BT  - Proceedings of the 17 th International Symposium on Management (INSYMA 2020)
PB  - Atlantis Press
SP  - 195
EP  - 198
SN  - 2352-5428
UR  - https://doi.org/10.2991/aebmr.k.200127.040
DO  - 10.2991/aebmr.k.200127.040
ID  - Sutejo2020
ER  -