scholarly journals STOCK MARKET REACTION TO TERRORIST ATTACKS AND POLITICAL UNCERTAINTY: EMPIRICAL EVIDENCE FROM THE TUNISIAN STOCK EXCHANGE

2019 ◽  
Vol 9 (3) ◽  
pp. 48-64
Author(s):  
Fatma Ben Moussa ◽  
Mariem Talbi
Keyword(s):  
Stock Market ◽  
Empirical Evidence ◽  
Market Reaction ◽  
Stock Exchange ◽  
Terrorist Attacks ◽  
Political Uncertainty ◽  
Stock Market Reaction

scholarly journals Reaksi Pasar Terhadap Peristiwa Politik Terkait Jokowi di Bursa Efek Indonesia

2015 ◽  
Vol 2 (3) ◽  
pp. 325-343
Author(s):  
Anis Sundiyah ◽  
I Made Sudana
Keyword(s):  
Stock Market ◽  
Event Study ◽  
Abnormal Return ◽  
Market Reaction ◽  
Stock Exchange ◽  
Presidential Candidate ◽  
Analysis Model ◽  
Stock Market Reaction ◽  
Political Events ◽  
Average Abnormal Return

This research examines stock market reaction to the political events related of Jokowi in the Indonesia Stock Exchange. Variables used in this research are average abnormal return (AAR) and cumulative average abnormal return (CAAR) which measured using a statistical test one sample t-test. In this research, there are 230 sampel in the announcement Jokowi as a presidential candidate, 316 sampelin the announcement of results of presidential election quick count and 339 sampel in the announcement of work cabinet. Analysis model in this research is event study during the test period of 11 days exchange trading. Consistency of the stock market reaction was compared descriptively based on the analysis of AAR and CAAR. Testresults of AAR and CAAR showed that stock market consistently reacted positively to the announcement Jokowi as a presidential candidate and the announcement of the work cabinet and inconsistent with the announcement of the results of quick count because stock market reacted negatively. keywords: event study, political events of Jokowi, AAR, CAAR, consistency reaction.

scholarly journals Stock Market Reaction LQ 45 for Indonesia's 2019

2020 ◽  
Vol 5 (9) ◽  
pp. 170-184
Author(s):  
Yohannes Sukarno ◽  
Matrodji H. Mustafa
Keyword(s):  
Stock Market ◽  
Presidential Elections ◽  
Market Reaction ◽  
Stock Exchange ◽  
T Test ◽  
Test Analysis ◽  
Paired Sample ◽  
Stock Market Reaction ◽  
Actual Return

This study aims to examine the stock market reaction of lq 45 to the 2019 presidential and vice presidential elections. The sample used is LQ 45 shares listed on the Indonesia Stock Exchange (IDX) in 2019. The number of samples in this study is as many as 10 issuers. The study used a paired sample t test analysis by testing actual return and expected (normal) return to determine whether or not it was abnormal during the 2019 presidential and vice presidential elections. The results of this study show that it does not have a significant impact between the return market to the stock retun.

scholarly journals Migration to Novo Mercado: Does it really mean improvement of corporate governance practices?

2008 ◽  
Vol 6 (1) ◽  
pp. 78-86
Author(s):  
Andre Carvalhal ◽  
Guilherme Quental
Keyword(s):  
Corporate Governance ◽  
Stock Market ◽  
Empirical Evidence ◽  
Stock Exchange ◽  
Abnormal Returns ◽  
The Other ◽  
Stock Market Reaction ◽  
Governance Practices ◽  
Disclosure Rules ◽  
European Markets

One of the most significant changes regarding the adoption of better corporate governance was the creation of special trading segments, which impose tighter disclosure rules and listing requirements. Most literature on the special trading segments focused on the European markets. Not much is known, however, about the Brazilian “Novo Mercado” (NM). While most European new markets have failed to attract IPOs and investors, NM has grown fast and reached 35% of the total number of listed companies and 57% of the market capitalization of the Sao Paulo stock exchange. Despite its success, no research has examined whether firms that list on NM really improve their corporate governance practices. Further, there is no empirical evidence whether there is a reward for companies that list on NM without improving governance practices. This paper addresses this question by investigating the stock market reaction to the listing on NM without improving governance practices. We provide evidence that firms that list on NM and improve governance practices earn positive abnormal returns, have higher liquidity and lower volatility. On the other hand, firms that list on NM without improving governance practices do not earn positive returns, but are rewarded with higher liquidity and lower volatility.

scholarly journals INVESTIGATING STOCK MARKET REACTION ON JAKARTA ISLAMIC INDEX (JII) ANNOUNCEMENT

2014 ◽  
Vol 4 (1) ◽  
pp. 77
Author(s):  
Nisful Laila ◽  
Mohammad Nasih
Keyword(s):  
Stock Market ◽  
Stock Price ◽  
Abnormal Return ◽  
Market Reaction ◽  
Stock Exchange ◽  
Stock Market Reaction ◽  
Before And After ◽  
Positive Abnormal Return ◽  
Adjusted Model ◽  
Exchange Data

The aim of this research is to investigate the stock market reaction from the event when Jakarta Islamic Index (JII) is announced. The indication of stock market reaction was shown by appearing abnormal return during the date when the emiten are in the list of JII, and also several days before and after the annaouncement day. The method of this research is called event studies. Data collected from daily stock price from Indonesian Stock Exchange data base. By using market adjusted model, it was found that 21 stocks from JII latest list, during 11 days observation shown significant abnormal return, at 5% significant level. The conclusion from this finding is that the information of JII announcement has important content that caused the abnormal return during and around the announcement day. Moreover the information is shown a positive signal for investor, so that caused positive abnormal return

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