The Effect Of Indonesia Tax Amnesty 2016 Law Validation Towards Indonesia Stock Exchange (Event Study On Companies Classified In Lq45 Index)

BUDHISASTRAWAN, I. W. (2017) The Effect Of Indonesia Tax Amnesty 2016 Law Validation Towards Indonesia Stock Exchange (Event Study On Companies Classified In Lq45 Index). Sarjana thesis, Universitas Brawijaya.

Abstract

Penelitian ini adalah sebuah studi peristiwa yang bertujuan untuk menemukan bukti empiris apakah ada tidaknya pengaruh dari Pengesahan Undang- Undang Tax Amnesty 2016 terhadap pasar modal di Indonesia. Populasi dari penelitian ini adalah 45 saham perusahaan yang terdaftar di bursa efek Indonesia dan dikategorikan dalam index LQ45. Penelitian ini menggukanan data sekunder seperti harga saham harian, volume trading harian, dan index harga saham gabungan selama lima hari sebelum, satu sari saat, dan lima hari setelah peristiwa. Uji statistik dalam penelitian ini menggunakan one-tailed t-test dan paired t-test. Terdapat abnormal return bernilai positif signifikan disekitar tanggal peristiwa yang berarti pasar memberikan respon terhadap peristiwa ini. Tidak adanya perbedaan abnormal return yang siginifikan pada sebelum-saat, saat-sesudah, dan sebelumsesudah peristiwa. Terdapat perbedaan trading volume activity yang signifikan pada periode sebelum-saat dan saat-sesudah, namun tidak sinifikan pada periode sebelum-sesudah.

English Abstract

This research is an event study which aimed at finding out empirical evidence related to whether or not the Tax Amnesty 2016 Law Validation affects Indonesia’s capital market. The population in this research was 45 listed companies in Indonesia Stock Exchange’s stocks classified in LQ45 index. This research used secondary data which were daily stock price, daily trading volume, and the composite index on five days before, one day at the event date, and five days after the event date. Statistical test in this research used one-tailed t-test and paired t-test. There is significant positive abnormal return around the event date which means that the market responds towards the event. There is no significant difference in abnormal return on the pre-event to event date, event date to post-event, and preevent to post-event period. There is significant difference on the pre-event to event date and event date to post-event period, but not significant on the pre-event to postevent period.

Item Type: Thesis (Sarjana)
Identification Number: SKR/FE/2017/427/051708901
Uncontrolled Keywords: Abnormal Return, Trading Volume Activity
Subjects: 300 Social sciences > 343 Military, defense, public property, public finance, tax, commerce (trade), industrial law > 343.04 Tax law
Divisions: Fakultas Ekonomi dan Bisnis > Manajemen
Depositing User: Nur Cholis
Date Deposited: 18 Sep 2017 04:03
Last Modified: 11 Sep 2020 05:50
URI: http://repository.ub.ac.id/id/eprint/2628
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