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MARKET REACTION ON THE ANNOUNCEMENT OF SRI KEHATI INDEX IN INDONESIAN STOCK EXCHANGE

Studies and Scientific Researchs. Economics Edition

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Title MARKET REACTION ON THE ANNOUNCEMENT OF SRI KEHATI INDEX IN INDONESIAN STOCK EXCHANGE
 
Creator Wijaya, Anggita Langgeng
Noviyanti, Mia
Mahayu, Probo
 
Subject Market Reaction; Sri Kehati Index; Corporate Social Responsibility; Abnormal Return; Trade Volume
M40; M14
 
Description The purpose of this study was to test the market reaction to the announcement of the Sri Kehati Index on the Indonesia Stock Exchange. The population in this study is all companies included in the Sri Kehati Index from 2013 to 2016. The selection of samples was taken by the population sampling method. Hypothesis testing is done by paired t test and Wilcoxon Signed Rank Test. The findings of this research are: 1) there is no difference in abnormal returns before and after the announcement of the Sri Kehati Index on the Indonesia Stock Exchange. 2) There is a difference in the activity of stock trading volume before and after the announcement of the Sri Kehati index in the 5th and 6th periods, but there is no difference in the activity of stock trading volume in other periods. The Indonesia Stock Exchange did not react consistently to the announcement of the Sri Kehati Index.
 
Publisher Vasile Alecsandri University of Bacau
 
Contributor —
 
Date 2019-12-31
 
Type info:eu-repo/semantics/article
info:eu-repo/semantics/publishedVersion
—
 
Format application/pdf
 
Identifier http://www.sceco.ub.ro/index.php/SCECO/article/view/440
10.29358/sceco.v0i30.440
 
Source STUDIES AND SCIENTIFIC RESEARCHES. ECONOMICS EDITION; No 30 (2019)
STUDII SI CERCETARI STIINTIFICE. SERIA STIINTE ECONOMICE; No 30 (2019)
2344-1321
2066-561X
 
Language eng
 
Relation http://www.sceco.ub.ro/index.php/SCECO/article/view/440/pdf
 
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