Analisis Perbedaan Abnormal Return, Volume Perdagangan Saham Sebelum dan Sesudah Pengumuman Corporate Image Award

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Robert Jao
David Jimmiawan

Abstract

This research aims to investigate if there was difference in abnormal return and trading volume activity before
and after the announcement of Corporate Image Award. The market reaction is measured by abnormal return
and trading volume activity. The sampel used in this research are all companies which accept the appreciation
of Corporate Image Award that listed in Indonesian Stock Exchange (IDX) in 2015, 2016, and 2017 period. This
research uses event study to show market reactions arount the event period, at five days before and after the
announcement by used a market adjusted model for expected return. The research data that used is secondary
data that consist of daily closing price of shares and daily and daily trading volume activity. The statistic method
used to test the hypotheses was Wilcoxon Signed Test. The results of this research proves that there is no
difference abnormal return and trading volume activity before and after Corporate Image Award announcement.

Article Details

How to Cite
Jao, R., & Jimmiawan, D. (2018). Analisis Perbedaan Abnormal Return, Volume Perdagangan Saham Sebelum dan Sesudah Pengumuman Corporate Image Award. Bongaya Journal of Research in Accounting (BJRA), 1(2), 25–31. https://doi.org/10.37888/bjra.v1i2.80
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