The Impact of Japan Tsunami Disaster on Indonesian Stock Market an Event Study
| Main Authors: | , Handy Nugroho, , Mahfud Sholihin, M.Acc., Ph.D |
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| Format: | Thesis NonPeerReviewed |
| Terbitan: |
[Yogyakarta] : Universitas Gadjah Mada
, 2013
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| Subjects: | |
| Online Access: |
https://repository.ugm.ac.id/120405/ http://etd.ugm.ac.id/index.php?mod=penelitian_detail&sub=PenelitianDetail&act=view&typ=html&buku_id=60436 |
Daftar Isi:
- Event Study is research method that assesses how a particular event affects the value of a firm. According to Binder (1998), some popular paper by Fama (1969) introduced event study as a methodological revolution in accounting and economics as well as finance. Since then event study methodology has been widely used in those disciplines to examine security price behaviors around certain events such as accounting rule changes, earnings announcements, changes in the severity of regulation and money supply announcements. The purpose of this study is to analyze Indonesia stock market reaction to Japan tsunami event on March 11, 2011. The sample in this research is 30 companies listed in Indonesia Stock Market especially in LQ45. Period estimates for 190 trading days, while the period of the event for 11 trading days. The result of this study found there is no abnormal return during the event period, there was no difference to the average abnormal stock returns before and after the period events and there is no difference to the average stock trading volume activity before and after events.