ANALISIS PERBEDAAN REAKSI BURSA EFEK INDONESIA SEBELUM DAN SESUDAH PENGUMUMAN KEBIJAKAN BIODIESEL 20 (B20) (Studi pada Perusahaan Kelapa Sawit Subsektor Perkebunan Tahun 2018) (original) (raw)

This research aims to analyze the reaction of indonesia capital market toward the policy of biodiesel 20 in Indonesia palm oil plantation companies listed in Indonesia Stock Exchange in 2018. This research is using event study method with abnormal return and trading volume activity as research variable. Event window used in this research is 11 day. The result of this research is supported by robustness test which aims to confirm the consistency of research result. Robustness test in this research used 2 different event window which is 7 days and 15 days. Data analyses used in this research are descriptive statistics and inferential statistics by using parametric test - paired sample t test and non parametric test -wilcoxon signed rank test. The analysis of this research found that there is no significant difference in average abnormal return due to the announcement of B20 policy. The result also show that there is no significant difference in average trading volume activity due to t...

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