REAKSI PASAR MODAL TERHADAP PERISTIWA KELANGKAAN MINYAK GORENG PADA INDEKS LQ45 YANG TERDAFTAR DI BURSA EFEK INDONESIA

Rahel Deva Sonata Sibarani; Ady Inrawan; Khairul Azwar; Juan Anastasia Putri; Christine Loist

Rahel Deva Sonata Sibarani Sekolah Tinggi Ilmu Ekonomi Sultan Agung
Ady Inrawan Sekolah Tinggi Ilmu Ekonomi Sultan Agung
Khairul Azwar Sekolah Tinggi Ilmu Ekonomi Sultan Agung
Juan Anastasia Putri Sekolah Tinggi Ilmu Ekonomi Sultan Agung
Christine Loist Sekolah Tinggi Ilmu Ekonomi Sultan Agung

Keywords: event study, abnormal return, trading volume activity

Abstract

The purpose of this study was to determine the description of abnormal returns and Trading Volume Activity (TVA) and to determine whether there are differences in abnormal returns and Trading Volume Activity (TVA) on the event of cooking oil scarcity in LQ-45 Index companies on the Indonesia Stock Exchange. The observation period is 15 days before and 15 days after the scarcity of cooking oil. The analysis technique used is comparative research, with an Event Study approach. The sample used was 45 LQ45 companies as a result of purposive sampling. This study uses the One Sample Kolmogorov-Smirnov test analysis to determine whether the data is normally distributed or not. Then test the hypothesis using the Paired Sample T-test, because the data is normally distributed. The results of this study can be concluded as follows: 1. Abnormal returns on LQ45 Index Companies listed on the Indonesia Stock Exchange fluctuate and tend to decrease. 2. Trading volume activity in the LQ45 Index Companies listed on the Indonesia Stock Exchange fluctuates and tends to increase. 3. Based on the results of the Paired Sample T-test, there is no difference in abnormal return and Trading Volume Activity (TVA) there is a difference before and after the scarcity of cooking oil.

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