Proceedings of the 7th Regional Accounting Conference (KRA 2020)

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

Authors
Nafisatul Khusna, Nurika Restuningdiah
Corresponding Author
Nafisatul Khusna
Available Online 19 April 2021.
DOI
https://doi.org/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/).

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Volume Title
Proceedings of the 7th Regional Accounting Conference (KRA 2020)
Series
Advances in Economics, Business and Management Research
Publication Date
19 April 2021
ISBN
978-94-6239-366-0
ISSN
2352-5428
DOI
https://doi.org/10.2991/aebmr.k.210416.044How to use a DOI?
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/).

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  -