Open AccessREAKSI PASAR MODAL ATAS PEMILIHAN PRESIDEN, WAKIL PRESIDEN DAN KABINET PERSATUAN
Author(s) -
Maswar Patuh Priyadi
Publication year - 2016
Publication title -
ekuitas
Language(s) - English
Resource type - Journals
eISSN - 2548-5024
pISSN - 1411-0393
DOI - 10.24034/j25485024.y2000.v4.i1.1896
Subject(s) - cabinet (room) , indonesian , business , stock market , stock (firearms) , financial system , engineering , history , linguistics , philosophy , context (archaeology) , archaeology , mechanical engineering
This is a case study report trying to identify the reaction of the stock market on the result of the election of the Indonesian President, Vice President and the formation of the Indonesian United cabinet. The market reaction is studied through the ractions of 20 activated shares at the Jakarta Stock Market (BEJ). To detect the characters of those 20 shares the writer employs the actual returns and market returns variables. Based on that study, the characters of the actual returns in the period of announcement of the election of president, vice president and the united cabinet are constant, thus iat shows that BEJ is ini the semistrong form (efficiency). However, the characters of the actual returns are not followed by the characters of the market returns.