Jurnal nemu : The Impact of Domestic Political Events on an Emerging Stock Market : The Case of Indonesia

aku menemukan jurnal yang cukup oke, ini judulnya The Impact  of Domestic Political Events on an Emerging  Stock Market : The Case of Indonesia
Pengarangnya :Izlin Ismail, Herry Suhardjo
abstraknya :

This paper provides information regarding the effects of domestic political events on the Jakarta Stock Exchange (JSX). The JSX was chosen as it has been one of the most hardest hit by the economic crisis and the political upheavals that followed. An event methodology is employed, and the results suggest that the market as a whole and the overall industries do not seem to respond to all political events. The results also indicate that there is no difference between the means of abnormal returns before and after the event. In general, the market as a whole and the overall  industries  behave  in  a  similar  manner.  The  change  in  signs  (positive-negative)  of abnormal returns suggests that the political condition in Indonesia was still unstable. The results suggest that some events observed are likely to be less important than the others due to so many random shocks to the system in the post 1997 crisis period. The findings also suggest that there is a change in the way the market reacts to such information.

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