Detail Cantuman Kembali
MARKET REACTIONS TO SOCIAL ETHICS VIOLATION NEWS BY COMPANIES LISTED IN INDONESIA STOCK EXCHANGE
- Bagikan:
ABSTRACT
MARKET REACTIONS TO SOCIAL ETHICS VIOLATION NEWS BY
COMPANIES LISTED IN INDONESIA STOCK EXCHANGE
By
SEKAR ARUM PROBOWATI RAMBE
This Research aims to investigate the market reaction to unexpected news about the
social ethics violation. The news source in this research is from Kompas.com. This
Research used Abnormal Return and Trading Volume Activity as variables to
investigate the market reaction. This research was used Wilxocon-Signed Rank Test
method to analyze the Abnormal Return and Trading Volume Activity.
One Sample T-Test was used to find on which day the Abnormal Return occured. The
Results of this research show that there is a negative market reaction shown by
Abnormal Return Variable, and it occure at t+3. It indicates that the market reacts
conservatively and feel overconfidence therefore the respond is late. Meanwhile for
Trading Volume Actvity Variable does not show any market reaction after the event.
Overall market will only reacts to stock prices meaning news about social ethics
violation contain enough information to make the market react. The contribution of this
research is as an information to make managerial decisions. Managers should be more
aware about the action that they take whether it will harm the company or not
Key words: Abnormal Return, Trading Volume Activity, Event Study.
SEKAR ARUM PROBOWATI RAMBE
SEKAR ARUM PROBOWATI RAMBE - Personal Name
25 April 2018
R 657 SEK m
657
Skripsi
English
Universitas Lampung
2018
Bandar Lampung
SKRIPSI
Dr. Susi Sarumpaet, S.E., M.B.A., Ph.D., Akt.
LOADING LIST...
LOADING LIST...