REAKSI PASAR SAHAM TERHADAP PENGUMUMAN PENERBITAN OBLIGASI SYARIAH DI BURSA EFEK INDONESIA
Abstract: Announcement of the sharia bonds issuance
give a signal to investors in
making investment decisions
to buy or
sell a stock. Actions of
investors in making
decisions to buy
or sell a stock will affect the demand and supply on the
company's stock issuer of the sharia
bonds so that
it is possible
the abnormal return
of the increase or decrease in
the stock price. This study used event study to
determine whether there
is stock market
reaction around the announcement date
of the sharia
bonds issuance in
Indonesia Stock Exchange. The results of these hypothesis with paired
sample t-test showed that there was no difference before the announcement date
and after the announcement date of the sharia bonds issuance. In conclusion,
there is no
stock market reaction
to the announcement of
the sharia bonds
issuance in Indonesia
Stock Exchange.
Penulis: RESI PRIMADANI
Kode Jurnal: jpmanajemendd130936
