Reaksi Pasar Terhadap China's Black Monday di Bursa Efek Indonesia

  • Gde Agung Satria Fakultas Ekonomi dan Bisnis Universitas Udayana, Bali, Indonesia
  • Luh Gede Sri Artini Fakultas Ekonomi dan Bisnis Universitas Udayana, Bali, Indonesia
  • Henny Rahyuda Fakultas Ekonomi dan Bisnis Universitas Udayana, Bali, Indonesia
DOI: https://doi.org/10.24843/EEB.2017.v06.i07.p02

Abstract

This study aimed to test market’s reaction of the China's Black Monday (CBM) at the Indonesian Stock Exchange (BEI). This research was conducted on all companies listed on the Stock Exchange which did not conduct corporate action in the event period. All the companies researched are divided into nine sectors and industries are classified according to the classification established by BEI called JASICA (Jakarta Industrial Classification). Event study method used to test the market reaction to the CBM. Based on the research results, there is a significant market reaction on eight sectoral index in the Indonesia Stock Exchange, namely the Agricultural Sector; Miscellaneous Industry; Basic Industry and Chemistry; Consumer Goods industry; Property and Real Estate; Transportation and Infrastructure; Finance; and Trade, Services and Investment while the Mining Sector Index does not react to CBM.

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Published
2017-07-30
How to Cite
SATRIA, Gde Agung; ARTINI, Luh Gede Sri; RAHYUDA, Henny. Reaksi Pasar Terhadap China's Black Monday di Bursa Efek Indonesia. E-Jurnal Ekonomi dan Bisnis Universitas Udayana, [S.l.], p. 2635-2664, july 2017. ISSN 2337-3067. Available at: <https://ojs.unud.ac.id/index.php/eeb/article/view/30029>. Date accessed: 04 nov. 2024. doi: https://doi.org/10.24843/EEB.2017.v06.i07.p02.
Citation Formats
Issue
VOLUME.06.NO.07.TAHUN 2017
Section
Articles

Keywords

abnormal return, china’s black monday, event study