PENGARUH REKOMENDASI DPR ATAS KASUS CENTURY TERHADAP PERGERAKAN HARGA SAHAM INDUSTRI KEUANGAN, STUDI KASUS PADA BURSA EFEK INDONESIA

• Main Authors: , Immanuel Daomara Saragih, , Prof. Dr. Abdul Halim, M.B.A.
• Format: Theses and Dissertations NonPeerReviewed
• Published: [Yogyakarta] : Universitas Gadjah Mada 2011
• Subjects: ETD
• Online Access: https://repository.ugm.ac.id/89833/; http://etd.ugm.ac.id/index.php?mod=penelitian_detail&sub=PenelitianDetail&act=view&typ=html&buku_id=51092
• Institution: Universitas Gadjah Mada

Indonesian government�s decison to give bailout to Bank Century cause more problems later in life. The policy was assessed against the rules. As a result, House of Representatives members agreed to establish a special committee. After conducting an investigation, House of Representatives finally decided that the policy is illegal and recommend to the law enforcement officers to process these cases This thesis aims to look at the effect of House of Representatives recommendation to stock price movements financial industry companies in Indonesia Stock Exchange. Tests conducted using event study model, by taking a sample of 35 companies engaged in the financial sector in Indonesia Stock Exchange. Research carried out by using the method of Single Index Market Model. Tests conducted to answer the hypothesis that has been set by the author, namely: that there is a significant abnormal return around the event period, there is a difference of abnormal returns before and after the event, there is difference in the trading volume activity before and after the event. The test results showed that there was a significant abnormal return in a few days, there is no difference between the abnormal returns before and after the event, and there is no difference in the trading volume activity before and after the event