Pengaruh Peristiwa Pemilihan Umum Presiden Dan Wakil Presiden 20 Oktober 2014 Terhadap Abdnormal Return Dan Volume Perdagangan Saham (Studi Pada Perusahaan LQ-45 Di Bursa Efek Indonesia)

Abstract

This sudy was aimed to know the differences between the average abnormal return earned by investors and average trading volume activity before and after the Inauguration of President and Vice President on October 20, 2014 on the company LQ- 45 in BEI. The variables of this study are abnormal stock returns and trading volume (TVA). The population in this study are all companies included in the LQ-45 index period 2014. This study was using purposive sampling methods to determined the certain criteria of the sample. The certained criteria of the sample include all public companies in the group LQ-45 listed in the Indonesia Stock Exchange and obtained a total sample of 45 companies. While technique analyzed of this study was using Paired Sample t Test The results of this study showed that there are differences in the average abnormal return that significant at LQ-45 shares, listed on the Stock Exchange between before and after the Inauguration of President and Vice President dated October 20, 2014 in the Indonesia Stock Exchange. The difference could indicate that the abnormal return after the Presidential Inaugural higher than before the presidential inauguration. The second results of this study showed that no significant difference in the average trading volume activity at LQ-4’s stocks, listed on the Stock Exchange between before and after the Inauguration of President and Vice President on 20 October 2014. That means the presidential inauguration event did not have a significant impact on liquidity stock.