Pengaruh Pemilihan Umum Tahun 2024 Terhadap Abnormal Return dan Trading Volume Activity

Dini Febriana Br Bangun; Vina Arnita

doi:10.47065/jtear.v4i4.1385

Dini Febriana Br Bangun Universitas Pembangunan Panca Budi, Medan, Indonesia
Vina Arnita * Universitas Pembangunan Panca Budi, Medan, Indonesia

DOI: https://doi.org/10.47065/jtear.v4i4.1385

Keywords: General Election; Abnornal Return; Trading Volume Activity; IDX 30; Indonesia Stock Exchange

Abstract

This research is entitled "The Influence of the 2024 General Election on Abnormal Returns and Trading Volume Activity". This study aims to find out whether there is a difference in the average abnormal return and trading volume activity before and after the 2024 election in IDX30 companies listed on the Indonesia Stock Exchange. The variables of this study are abnormal returns and trading volume activity. The population used in this study is companies listed on the IDX and included in the IDX 30 Index stock group.The method used in sampling is saturated sampling, the sampling method if all members of the population are sampled, namely all companies on the IDX that are included in the IDX 30 Index. The data analysis technique of this study uses the Paired Sample t-Test. This study uses an observation period of five days before the February 14, 2024 election and five days after the February 14, 2024 election. The results of this study show that the average abnormal return (0.993 > 0.05) which means that there is no difference between the average abnormal return before and after the 2024 election and the average trading volume activity (0.049 < 0.05) there is a difference in the average trading volume activity before and after the 2024 election on companies that are members of the IDX 30 index on the IDX.

References

Akbar, E. P., Saerang, I. S., & Maramis, J. B. (2019). REAKSI PASAR MODAL TERHADAP PENGUMUMAN KEMENANGAN PRESIDEN JOKO WIDODO BERDASARKAN KEPUTUSAN KPU PEMILU PERIODE 2019-2024 (Studi pada Perusahaan BUMN yang Terdaftar Di BEI). JMBI UNSRAT (Jurnal Ilmiah Manajemen Bisnis Dan Inovasi Universitas Sam Ratulangi)., 6(2), 123–131. https://doi.org/10.35794/jmbi.v6i2.26169

Akuntansi, J., Syariah, P., Kumala, K. A., Fursiana, M., Musfiroh, S., & Hinawati, T. (2024). Jamasy : Jamasy : 4, 40–56.

Anita, Amah, N., & Sudrajat, M. A. (2020). Analisis Komparasi Harga Saham, Abnormal Return, dan Trading Volume Activity Sebelum dan Sesudah Pemilu Serentak 17 April 2019. Seminar Inovasi Manajemen Bisnis Dan Akuntansi.

Handini, S., & Astawineru, E. (2020). Teori Porto Folio Dan Pasar Modal Indonesia. In Wacana, Journal of the Humanities of Indonesia (Vol. 2).

Kuncoro, A., & Kristiyanti, M. (2021). Metodologi Penelitian Bisnis Penerbit Cv. Eureka Media Aksara.

Linton, O. (2019). Event Study Analysis. Financial Econometrics, (November), 201–237. https://doi.org/10.1017/9781316819302.007

Manurung, H. (2019). PENGARUH PEMILU SERENTAK TERHADAP RETURN SAHAM DI INDONESIA (Studi Kasus Saham LQ-45 di Bursa Efek Indonesia). Pengaruh Pemilihan Serentak Terhadap Return Saham Di Indonesia, 3(1), 1–17. Retrieved from www.journal.uta45jakarta.ac.id

Nida, D. R. P. P., Yoga, I. G. A. P., & Adityawarman, I. M. G. (2020). Analisis Reaksi Pasar Modal Terhadap Peristiwa Pemilu Serentak Tahun 2019. WICAKSANA: Jurnal Lingkungan Dan Pembangunan, 4(1), 64–73. https://doi.org/10.22225/wicaksana.4.1.1813.64-73

Paputungan, R. C., Mus, A. R., & Mursalim, M. (2021). Reaction of Abnormal Return and Trading Volume Activity Before and After the Election of the President of the Republic of Indonesia in 2019. Jurnal Ilmu Manajemen Profitability, 5(2), 348–366. https://doi.org/10.26618/profitability.v5i2.5907

Rahayu, H. A., & Desitama, F. S. (2023). Analisis Trading Volume Activity dan Abnormal Return Sebelum dan Sesudah Stock Split pada Perusahaan yang Listing di BEI Tahun 2019-2022 . Al-Kharaj : Jurnal Ekonomi, Keuangan & Bisnis Syariah, 6(1), 395–411. https://doi.org/10.47467/alkharaj.v6i1.3366

Ratnawati, I. (2020). Analisis Pengaruh Peristiwa Pengemuman Dan Legislatif Indonesia 2019 Terhadap Abnormal Return Dan Trading Volume Activity. Skripsi Program Studi Manajemen Fakultas Ekonomi Dan Bisnis Universitas Muhammadiyah Magelang. Retrieved from http://eprintslib.ummgl.ac.id/id/eprint/1523%0Ahttp://eprintslib.ummgl.ac.id/1523/1/16.0101.0201_BAB I_BAB II_BAB III_BAB V_DAFTAR PUSTAKA.pdf

Sakinah. (2019). No TitleΕΛΕΝΗ. Αγαη, 8(5), 55.

Sianturi, R. (2022). Uji homogenitas sebagai syarat pengujian analisis. Jurnal Pendidikan, Sains Sosial, Dan Agama, 8(1), 386–397. https://doi.org/10.53565/pssa.v8i1.507

Sugiyono. (2022). Metode Penelitian Pendidikan Pendekatan Kuantitatif dan Kualitatif. Jurnal Ilmu Dan Riset …, 456.

Sunardi, K., Cornelius, T., & Kumala, M. D. (2021). Pengaruh Arus Kas Operasional, Perputaran Piutang, Dan Perputaran Persediaan Terhadap Likuiditas Perusahaan Manufaktur Yang Terdaftar Di Bei Ditengah Pandemi Covid-19. Accounting Global Journal, 5(1), 13–33. https://doi.org/10.24176/agj.v5i1.5611

Sutanto, C., Barata, D. D., & Lestari, D. (2019). Analisis Perbedaan Abnormal Return dan Trading Volume Activity Saham Sebelum dan Sesudah Pilkada Serentak 9 Desember 2015. Jurnal Bisnis Dan Komunikasi, 6(1), 71. Retrieved from http://research.kalbis.ac.id/Research/Files/Article/Full/LVRKN6S9KTMDJEQW93RIH343N.pdf

Widana, i wayan, & Ni Putu Lia, M. (2020). Page 1 هدو 1 ) 1 ). In System (Vol. 36).

Yunus Kasim, M., Muslimin, & Dwijaya, I. K. B. (2022). Market reaction to the Covid-19 pandemic: Events study at stocks listed on LQ45 index. Cogent Business and Management, 9(1). https://doi.org/10.1080/23311975.2021.2024979

Zoraya, I., Murni, T., Saputra, F. E., Bahri, S., & Kananlua, P. S. (2020). Dampak Pilkada Serentak 27 Juni 2018 Terhadap Abnormal Return Dan Aktivitas Volume Perdagangan. JurnalRisetManajemen Dan Bisnis, 5(1), 13–28.