Reaksi Pasar Atas Kesepakatan Investasi Bidang Infrastruktur dalam Pertemuan International Monetary Fund-World Bank 2018

  • P. Sigit Wahyudhi Fakultas Ekonomi dan Bisnis Universitas Udayana
  • I G. N Agung Suaryana Fakultas Ekonomi dan Bisnis Universitas Udayana

Abstract

This study aims to examine the capital market reaction to the announcement of infrastructure investment agreements at the International Monetary Fund (IMF) - World Bank annual meeting 2018. Measurement of market reactions in this study uses Cumulative Abnormal Return (CAR). The sample used in this study are companies which engaged in LQ-45 Index on the Indonesia Stock Exchange (IDX) with 7 days observation period. The sampling method used is purposive sampling technique. The data analysis technique used is one sample t-test. Based on the results of the analysis it was found that there is a negative reaction to the announcement of an investment agreement on infrastructure in the 2018 IMF-World Bank annual meeting 2018. This research could be used as a consideration for investors to invest according to company’s external events.


Keywords: Market Reaction, Event Study, Abnormal Return, Company External Events

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Published
2019-04-10
How to Cite
WAHYUDHI, P. Sigit; AGUNG SUARYANA, I G. N. Reaksi Pasar Atas Kesepakatan Investasi Bidang Infrastruktur dalam Pertemuan International Monetary Fund-World Bank 2018. E-Jurnal Akuntansi, [S.l.], v. 27, n. 1, p. 616-643, apr. 2019. ISSN 2302-8556. Available at: <https://ojs.unud.ac.id/index.php/akuntansi/article/view/46343>. Date accessed: 15 dec. 2024. doi: https://doi.org/10.24843/EJA.2019.v27.i01.p23.
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Artikel