Jurnal Manajemen dan Wirausaha (Jan 2015)

KONSISTENSI REAKSI PASAR MODAL INDONESIA TERHADAP PENERBITAN INDEKS SRI-KEHATI

  • Lindananty Lindananty,
  • Mohammad Soedarman

Journal volume & issue
Vol. 17, no. 1
pp. 43 – 54

Abstract

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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.

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