Analisis Reaksi Pasar Modal terhadap Peristiwa Pelantikan DPR-RI Tanggal 1 Oktober 2019

Abstract

This study uses research methods to see the market response to the DPR-RI inauguration event. The study period used was 11 trading days, covering 5 day before the event and 5 day after. The population in this study are members of the LQ-45 stock index which are listed on the Indonesia Stock Exchange. The statistical test is used to study the one sample t-tes and paired sample t-test. The one sample t-test result shows that there is a negative abnormal return in the 6 days surrounding the event, which means that the market responds to the event of the DPR-RI inauguration.                Meanwhile, the paired sample t-test shows that there is no significant differentt between trading volume activity (TVA) and Security Return Variability (SRV) before and after the DPR-RI inauguration. The absence of a significant difference in TVA and SRV indicates that the data occurring on the average event were not strong enough to produce a significant difference before and after the event activity.