The Influence of Capital City Redeployment’s Announcement on Abnormal Return and Trading Volume Activity of the LQ-45 Companies
- https://doi.org/10.2991/aebmr.k.210416.044How to use a DOI?
- Abnormal Return, Trading Volume Activity, Capital City Deployment Announcement
This study aims to investigate the difference between abnormal return and trading volume activity before and after the occurrence of the capital city deployment announcement at the listed companies in LQ-45 index stock. This study carried out by using event study analysis method with 11(eleven) exchange days: 5 (five) days before, 1-day event date, and 5 (five) days after the announcement. The population is companies listed in LQ-45 index stock. The sample was selected with a purposive sampling method consisting of 44 abnormal distributed companies using One-Sample Kolmogorov-Smirnov. The data were analyzed by using Wilcoxon Sing Rank Test. The result showed that: a). there is no significant difference between abnormal return average toward before and after the occurrence., and b). there is a significant difference in trading volume activity before and after the announcement.
- © 2021, 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 - Nafisatul Khusna AU - Nurika Restuningdiah PY - 2021 DA - 2021/04/19 TI - The Influence of Capital City Redeployment’s Announcement on Abnormal Return and Trading Volume Activity of the LQ-45 Companies BT - Proceedings of the 7th Regional Accounting Conference (KRA 2020) PB - Atlantis Press SP - 353 EP - 368 SN - 2352-5428 UR - https://doi.org/10.2991/aebmr.k.210416.044 DO - https://doi.org/10.2991/aebmr.k.210416.044 ID - Khusna2021 ER -