On November 5, 2020, Indonesia was declared a recession after the Central Statistics Agency announced that Indonesian economy experienced decline in third quarter of 2020. The which minus 3.49 percent. In second already 5.32 announcement event gave rise to various perceptions for capital market participants. So purpose this study is find out and compare differences average Abnormal Return, Trad...

The purpose of this paper is to examine insider trading behavior reaction to news announcement by using firms listed on the Stock Exchange of Thailand during 2000 to 2008. By employing event-study approach, the results show that the information contents are significant to insider purchases but not to insider sales. In other words, only insider purchases can create abnormal returns. Moreover, co...


 This research uses the event study method to test reaction of capital markets before and after announcement Emergency Community Activity Restrictions (PPKM) policy. The observation period includes 7 days event. By using purposive sampling method, sample amounts 29 stocks hotel, restaurant, tourism companies listed on Indonesia Stock Exchange. hypothesis is tested with Paired Samples T-Te...

ABSTRAK
 
 Penelitian ini bertujuan untuk mengetahui dampak dari adanya bulan Ramadhan terhadap perusahaan-perusahaan yang ada di indeks saham LQ-45 Bursa Efek Indonesia (BEI) selama periode 2015-2019. Variabel dalam penelitian adalah abnormal return dan trading volume activity. menggunakan data sekunder yaitu Indeks Harga Saham Gabungan (IHSG) beserta perdagangan aktif, harga harian ...

Cumulative abnormal return (CAR) is estimated as long-term shareholder wealth of private placement, and we propose empirical evidence of the effect of private placement on long-term shareholder wealth. Private placement of listed firms has significantly positive effect on long-term shareholder wealth. Cumulative abnormal return are positively related with offer type of private placement at the ...

Several papers have identified the hazards associated with event-induced variance, yet event studies continue to ignore the problem. This study demonstrates that the most commonly used abnormal return detection methods reject the null hypothesis of zero abnormal returns too often. This causes researchers to conclude the detection of abnormal performance when none is present. Two easy to employ ...

This paper examines the impact of overlapping return, takeover premium, and method of payment to the long-run post takeover stock return. First, we do not find any statistically significant three-year post takeover abnormal return. Second, we find evidence that overlapping stock return inflates the conventional t-test statistic. Third, we do not find any direct evidence that long-run post takeo...

Modelling stock return generating process as a single factor model, we show analytically that the relation between idiosyncratic volatility measured as variance of the residuals and expected stock return in the cross-section may be represented by a parabola that opens to the left and has horizontal axis. This relation is uncovered for stocks of similar volatility and no abnormal return. The sen...

This study aims to analyze the largest potential positive abnormal return present in PT. Kalbe Farma during Covid-19 pandemic. The event method was used this indonesia's capital market reactions observation period. period carried out when covid-19 detected Indonesia from March 2020 February 2021 or one month after implementation of first vaccination Indonesia. Secondary data is form daily stock...