REAKSI PASAR MODAL ATAS PEMILIHAN PRESIDEN, WAKIL PRESIDEN DAN KABINET PERSATUAN

Maswar Patuh Priyadi
2016 Ekuitas: Jurnal Ekonomi dan Keuangan  
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
more » ... turns 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.
doi:10.24034/j25485024.y2000.v4.i1.1896 fatcat:gpcxxmijc5g6fnnnxphb27keau