The Influence of Capital City Redeployment’s Announcement on Abnormal Return and Trading Volume Activity of the LQ-45 Companies

DOI

10.2991/aebmr.k.210416.044How to use a DOI?

Keywords

Abnormal Return, Trading Volume Activity, Capital City Deployment Announcement

Abstract

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.

Copyright

© 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/).

Download article (PDF)

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  - 10.2991/aebmr.k.210416.044
ID  - Khusna2021
ER  -