REAKSI PASAR SEBELUM DAN SESUDAH KENAIKAN HARGA BBM PADA PERUSAHAAN YANG LISTING DI BURSA EFEK INDONESIA (BEI)
Abstract: Fuel
price increase that
happened on June
2013 for gasoline and
diesel fuel. Fuel
price increase policy
should taken by goverment in order to decrease hyper
subsidy that effected to deficit budget. This research’s aim is to dict the
differences market reaction between before and after fuel price increase with
measure abnormal return and trading
volume activity. Analysis
method that use
in this research is
event study with
event period during
21 days by
using market adjusted model. The result of this reseacrh with one sample
t test are the
average abnormal return
is significantly positive
values around the date of announcement of fuel price increases. The
result of this reseacrh
with paired sample
t-test there are
differences in average abnormal
return and average
trading volume activity significantly before
and after the
announcement of fuel
price increases. It shows
that the market
reacts to the
announcement of fuel price
increases.
Penulis: RISKHY TIA FEMIANITA,
NADIA ASANDIMITRA
Kode Jurnal: jpmanajemendd141035
