Pengaruh Kebijakan Pemerintah dalam Menurunkan Harga BBM 1 dan 19 Januari 2015 terhadap Reaksi Pasar Saham di Sektor Pertambangan

Renny Teteki Wanadriningrum, Dodik Aris Setiawan

Abstract


The purpose of this study was to determine whether there is abnormal return (the market reaction), is there any difference of abnormal return before the post and is there a difference in abnormal return as the impact of fuel price reduction announcement dated 1 January 2015 and 19 January 2015.
Market reaction in this study measured using Abnormal Return. In this study used 12 samples research. Event period is 7 days. The level of significance of Abnormal Return will be tested with the T-test. The results of this research show that there are no significant abnormal return for a decrease in the price of fuel (BBM) on 1 January 2015 and 19 January 2015, there was no statistically significant difference Average Abnormal Return before and after the drop in fuel prices either on the date of 1 January 2015 and 19 January 2015, and there was no significant difference in the mean Abnormal Return on average the decline in
fuel prices from 1 January 2015 with 19 January 2015.
Kata Kunci— The drop in the price of fuel oil, return realization, return expectations, market
reaction.

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