KONSISTENSI REAKSI PASAR MODAL INDONESIA TERHADAP PENERBITAN INDEKS SRI-KEHATI

Lindananty Lindananty, Mohammad Soedarman




Abstract


The objective of this research was described Indonesian capital market reaction to the publication of the SRI-KEHATI Index during 2009 until 2013 (nine periods). The re­sults showed that the Indonesian capital market did not react to the SRI-KEHATI In­dex while measured using abnormal return, and these results were consistent for nine pe­riods. However, different re­sult occurred when it measured by trading volume acti­vi­ty, there was a mar­ket reac­tion in period 4, 6, dan 7, but there was no market reaction in period 1, 2, 3, 5, 8, and 9, it meant that the market reaction didn’t consistent.


Keywords


SRI-KEHATI index, stock market reaction, abnormal return, trading volume activity

References


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The Journal is published by Faculty of Economics, Department of Management - Petra Christian University. It available online supported by Directorate General of Higher Education - Ministry of National Education - Republic of Indonesia.

©All right reserved 2016.Jurnal Manajemen dan Kewirausahaan, ISSN: 1411-1438, e-ISSN: 2338-8234

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