Dampak Peristiwa Pidato Kemenangan Joe Biden Terhadap Abnormal Return Saham Pada Sub Sektor Logam dan Mineral

Yumna Sekar  Utami; Wahyudi Wahyudi

doi:10.33395/owner.v6i3.899

Authors

Yumna Sekar Utami Universitas Pembangunan Nasional Veteran Jakarta
Wahyudi Wahyudi Universitas Pembangunan Nasional Veteran Jakarta

DOI:

10.33395/owner.v6i3.899

Abstract

Abnormal returns can be influenced by political events that occur either in a country or in other countries. The momentum of the presidential election is one of the political events that can trigger investor reactions. One of the political events that is used as the object of this research is the event of Joe Biden's victory speech. This study is a quantitative study conducted to determine whether the events of Joe Biden's victory speech affect abnormal returns. Metals and minerals sub-sector stocks are the objects used in this research. A significance of 5% is used in this study to test the hypothesis with IBM SPSS Statistics 23 software with the different test methods of one sample t-test and paired sample t-test. The results of the study are (1) there are abnormal returns in the period before Joe Biden's victory speech on the 13th day, 11th day, 7th day, and 3rd day with negative abnormal returns, (2) there are abnormal returns. returns in the period after Joe Biden's victory speech on the 1st day, 2nd day, 4th day, 9th day, and 12th day with abnormal returns on the first day are positive. Then, for the 2nd day, the 4th day, the 9th day, and the 12th day there were negative abnormal returns, and (3) there was no difference in abnormal returns before and after Joe Biden's victory speech.

Downloads

Download data is not yet available.

Plum-X Analityc

References

Akbar, E. P., Saerang, I. S., & Maramis, J. B. (2019). Reaksi Pasar Modal Terhadap Pengumuman Kemenangan Presiden Joko Widodo Berdasarkan Keputusan KPU PEMILU Periode 2019-2024 (Studi pada Perusahaan BUMN yang Terdaftar Di BEI). JMBI UNSRAT (Jurnal Ilmiah Manajemen Bisnis Dan Inovasi Universitas Sam Ratulangi)., 6(2), 123–131. https://doi.org/10.35794/jmbi.v6i2.26169

Bisnis.com. (2020). Kemarin Diserbu, Saham-Saham Emiten Tambang Emas Kini Rontok. 2020. https://market.bisnis.com/read/20201110/7/1315753/kemarin-diserbu-saham-saham-emiten-tambang-emas-kini-rontok

Brigham, Eugene F.; Houston, J. F. (2012). Dasar-dasar Manajemen Keuangan (Edisi 11). Jakarta: Salemba Empat.

Christopher, D., & Layyinaturrobaniyah. (2019). Indonesian Capital Market Reactions for the Election of Donald Trump As United States President (Empirical Study on Multinational Companies Listed on the Indonesia Stock Exhange). Journal of Management and Business, 18(1), 32–41. https://doi.org/10.24123/jmb.v18i1.365

Darman. (2018). Apakah Terjadi Fenomena January Effect Di Bursa Efek Indonesia? Jurnal Riset Akuntansi Dan Keuangan, 6(1), 73–80. https://doi.org/10.17509/jrak.v6i1.10457

Finance, Y. (2020). Historical Data. www.finance.yahoo.com

Hartono, Jogiyanto. (2016). Teori Portofolio dan Analisis Investasi (Kesebelas). Yogyakarta: BPFE.

Hartono, Jogiyanto. (2017). Teori Portofolio dan Analisis Investasi (Edisi Kelima). Jakarta: Rajawali Pers.

Indonesia, C. (2020). Sentimen Pasar Pekan Depan, Biden Effect Bakal Tahan Lama? CNBC Indonesia. https://www.cnbcindonesia.com/market/20201108145856-17-200202/sentimen-pasar-pekan-depan-biden-effect-bakal-tahan-lama/

Jange, B. (2020). Dampak Pemilihan Presiden 2019 Terhadap Harga Saham dan Volume Perdagangan di Bursa Efek Indonesia. Jurnal Ilmu Komputer Dan Bisnis, 11, 2293–2305.

Kango, A., Saerang, I. S., & Mangantar, M. (2020). Analisis Reaksi Pasar Sebelum Dan Sesudah Pelantikan Kabinet Indonesia Maju Pada Perusahaan BUMN Di Bursa Efek Indonesia. JMBI UNSRAT (Jurnal Ilmiah Manajemen Bisnis Dan Inovasi Universitas Sam Ratulangi)., 7(2), 354–367. https://doi.org/10.35794/jmbi.v7i3.30295

Karina, K. L., Sujana, I. N., & Irwansyah, M. R. (2020). Analisis Reaksi Investor di Bursa Efek

Indonesia pada Pelantikan Joko Widodo. Jurnal Pendidikan Ekonomi Undiksha, 12(1), 50. https://doi.org/10.23887/jjpe.v12i1.21514

Kontan, I. (2020). Rekomendasi: Sektor Logam Industri dan Mineral Berprospek Cerah Usai Biden Menang. https://investasi.kontan.co.id/news/rekomendasi-sektor-logam-industri-dan-mineral-berprospek-cerah-usai-biden-menang?page=1

Muharam, N. (2018). Perlindungan Hukum Bagi Investor dalam Pembelian Kembali Sahamnya. Pranata Hukum, 13(1), 59–71. https://doi.org/10.36448/pranatahukum.v13i1.177

Mukhtar, U. (2020). Terpilih Sebagai Presiden AS, Ini Tujuh Janji Joe Biden. Www.Republika.Co.Id. https://www.republika.co.id/berita/qjhezu409/terpilih-sebagai-presiden-as-ini-tujuh-janji-joe-biden

Nurdiawan Subarkah, I. (2020). Jarak Trump dan Biden Kian Dekat. https://investor.id

Obradovi?, S., & Tomi?, N. (2017). The effect of presidential election in the USA on stock return flow – a study of a political event. Economic Research-Ekonomska Istrazivanja , 30(1), 112–124. https://doi.org/10.1080/1331677X.2017.1305802

Orhun, E. D. A. (2020). The Impact of Terrorism on Turkish Banks Stocks and Cross-Bank Variation of Abnormal Returns. Global Economy Journal, 20(2). https://doi.org/10.1142/S2194565920500116

UU No. 8 Tahun 1995 tentang Pasar Modal, (1995).

Pujaastawan, G., & Wiksuana, I. G. B. (2020). Market Reaction to The Announcement of General Election Result of The President and Vice President of Indonesia in 2019 (Study on LQ 45 Stock Index on The Indonesia Stock Exchange). European Journal of Business and Management, 12(3), 120–123. https://doi.org/10.7176/ejbm/12-3-15

Puspitasari, I. (2020). Saham Sektor Pertambangan Logam dan Mineral Untung Apabila Biden Menang Pilpres AS. Https://Investasi.Kontan.Co.Id. https://investasi.kontan.co.id/news/saham-sektor-pertambangan-logam-dan-mineral-untung-apabila-biden-menang-pilpres-as

Putri, E., & Nurwulandari, A. (2020). Analisis Reaksi Pasar Modal Bagi Perusahaan Dalam Indeks Idx30 Terhadap Kemenangan Donald Trump Pada Pemilihan Presiden Amerika Serikat. Oikonomia: Jurnal Manajemen, 15(2), 18–32. https://doi.org/10.47313/oikonomia.v15i2.752

Raya, C. J., & Paramita, R. . S. (2020). Analisis Perbedaan Abnormal Return dan Cumulative Abnormal Return Emiten Sektor Keuangan Sekitar Pemilu 17 April 2019. Jurnal Ilmu Manajemen, 8(3), 852. https://doi.org/10.26740/jim.v8n3.p852-863

Roy, G., & Khan, M. A. (2021). Does Election Impact on Stock Market Returns in Bangladesh? 5(1). https://doi.org/https://doi.org/10.46281/asfbr.v5i1.1256

Saputra, M. Y., Yetti, F., & Hidayati, S. (2021). Analisis Abnormal Return Sebelum Dan Saat Pandemi Covid-19 Terhadap Saham Sektor Food and Beverages. Konferensi Riset Nasional Ekonomi, Manajemen, Dan Akuntansi, 2, 839–848.

Saraswati, N. M. A. W., & Mustanda, I. K. (2018). Reaksi Pasar Modal Indonesia Terhadap Peristiwa Pengumuman Hasil Penghitungan Suara Pemilihan Umum Dan Pelantikan Presiden Amerika Serikat. E-Jurnal Manajemen Universitas Udayana, 7(6), 2971. https://doi.org/10.24843/ejmunud.2018.v07.i06.p05

Setiawan, R., & Nisa, Z. I. (2020). Reaksi Pasar Terhadap Hasil Quick Count Pemilu Presiden Indonesia 2019 ( Studi Pada Saham Indeks LQ-45 ). 4(1), 288–296.

Zoraya, I., Murni, T., Eka Saputra, F., Bahri, S., Suluk Kananlua, P., Bengkulu, U., Supratman, J. W., Limun, K., & Muara Bangka Hulu, K. (2020). Dampak PILKADA Serentak 27 Juni 2018 Terhadap Abnormal Return dan Aktivitas Volume Perdagangan Saham di BEI. JRMB) FakultasEkonomi UNIAT, 5(1), 13–28. http://jrmb.ejournalfeuniat.net/index.php/JRMB/article/view/355