CAPITAL MARKET’S REACTION TOWARDS 2014 WORKING CABINET ANNOUNCEMENT (INDONESIAN CASE STUDY)
The purpose of this study is to examine the market reaction regarding the announcement of working cabinet following the election of Jokowi as the President of Indonesia. Political events such as presidential election, government change, cabinet announcement, and other events are very influential to...
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| Format: | Article |
| Language: | English |
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Universitas Negeri Semarang
2015-03-01
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| Series: | Jurnal Dinamika Manajemen |
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| Online Access: | https://journal.unnes.ac.id/nju/index.php/jdm/article/view/4297 |
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| author | Anindya Ardiansari Arif Saputra |
| author_facet | Anindya Ardiansari Arif Saputra |
| author_sort | Anindya Ardiansari |
| collection | DOAJ |
| description | The purpose of this study is to examine the market reaction regarding the announcement of working cabinet following the election of Jokowi as the President of Indonesia. Political events such as presidential election, government change, cabinet announcement, and other events are very influential towards price and trade volume at the stock exchange since the political events are closely related to the state economy stability. The Sample in this study is stock which was listed as issuers in Indonesia Stock Exchange (IDX) which included in LQ45 company group during this research period from 20 October– 3 November 2014. The result shows that there was significant effect towards abnormal return difference before and after the cabinet announcement on the companies listed in LQ 45. The existence of this significant difference means that market reacted with the cabinet announcement event. |
| format | Article |
| id | doaj-art-7e046e72099041b2b6b41a8fb7614d47 |
| institution | DOAJ |
| issn | 2086-0668 2337-5434 |
| language | English |
| publishDate | 2015-03-01 |
| publisher | Universitas Negeri Semarang |
| record_format | Article |
| series | Jurnal Dinamika Manajemen |
| spelling | doaj-art-7e046e72099041b2b6b41a8fb7614d472025-08-20T03:06:56ZengUniversitas Negeri SemarangJurnal Dinamika Manajemen2086-06682337-54342015-03-016110.15294/jdm.v6i1.42973488CAPITAL MARKET’S REACTION TOWARDS 2014 WORKING CABINET ANNOUNCEMENT (INDONESIAN CASE STUDY)Anindya Ardiansari0Arif Saputra1Fakultas Ekonomi, Universitas Negeri SemarangFakultas Ekonomi, Universitas Negeri SemarangThe purpose of this study is to examine the market reaction regarding the announcement of working cabinet following the election of Jokowi as the President of Indonesia. Political events such as presidential election, government change, cabinet announcement, and other events are very influential towards price and trade volume at the stock exchange since the political events are closely related to the state economy stability. The Sample in this study is stock which was listed as issuers in Indonesia Stock Exchange (IDX) which included in LQ45 company group during this research period from 20 October– 3 November 2014. The result shows that there was significant effect towards abnormal return difference before and after the cabinet announcement on the companies listed in LQ 45. The existence of this significant difference means that market reacted with the cabinet announcement event.https://journal.unnes.ac.id/nju/index.php/jdm/article/view/4297EffectivenessAdaptive LeadershipJob SatisfactionCommitment |
| spellingShingle | Anindya Ardiansari Arif Saputra CAPITAL MARKET’S REACTION TOWARDS 2014 WORKING CABINET ANNOUNCEMENT (INDONESIAN CASE STUDY) Jurnal Dinamika Manajemen Effectiveness Adaptive Leadership Job Satisfaction Commitment |
| title | CAPITAL MARKET’S REACTION TOWARDS 2014 WORKING CABINET ANNOUNCEMENT (INDONESIAN CASE STUDY) |
| title_full | CAPITAL MARKET’S REACTION TOWARDS 2014 WORKING CABINET ANNOUNCEMENT (INDONESIAN CASE STUDY) |
| title_fullStr | CAPITAL MARKET’S REACTION TOWARDS 2014 WORKING CABINET ANNOUNCEMENT (INDONESIAN CASE STUDY) |
| title_full_unstemmed | CAPITAL MARKET’S REACTION TOWARDS 2014 WORKING CABINET ANNOUNCEMENT (INDONESIAN CASE STUDY) |
| title_short | CAPITAL MARKET’S REACTION TOWARDS 2014 WORKING CABINET ANNOUNCEMENT (INDONESIAN CASE STUDY) |
| title_sort | capital market s reaction towards 2014 working cabinet announcement indonesian case study |
| topic | Effectiveness Adaptive Leadership Job Satisfaction Commitment |
| url | https://journal.unnes.ac.id/nju/index.php/jdm/article/view/4297 |
| work_keys_str_mv | AT anindyaardiansari capitalmarketsreactiontowards2014workingcabinetannouncementindonesiancasestudy AT arifsaputra capitalmarketsreactiontowards2014workingcabinetannouncementindonesiancasestudy |