The Impact of Constitutional Court Ruled On The 2019 Presidential Election Toward Indonesian Stock Market

Authors

  • Aditya Putra Dewantara University of Jember
  • Intan Nurul Awwaliyah University of Jember
  • Marmono Singgih University of Jember

Keywords:

abnormal return, event study, EMH, LQ45

Abstract

The main purpose of this study is to examine the efficiency of the Indonesian capital market as a result of The Impact of Constitutional Court Ruled On The 2019 Presidential Election Toward Indonesian Stock Market. This study uses the event study method with a research period of 7 days before and 7 days after the Constitutional Court ruled on the 2019 presidential election. The data normality test shows that the data is not normally distributed then the research hypothesis uses a non-parametric test, the Wilcoxon Paired Sample test. By using the abnormal return as a variable, the results of the study show that there is no significant difference in the average abnormal return both before and after the Constitutional Courts ruled on the 2019 presidential election lawsuit.

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Published

2021-03-06

How to Cite

Dewantara, A. P., Awwaliyah, I. N., & Singgih, M. (2021). The Impact of Constitutional Court Ruled On The 2019 Presidential Election Toward Indonesian Stock Market. Conference Series, 3(1), 414–425. Retrieved from https://adi-journal.org/index.php/conferenceseries/article/view/378