Impacts of South Korea’s Political Events in 2017 Towards KRX 100

Authors

  • Yusnita Octafilia Institut Bisnis dan Teknologi Pelita Indonesia
  • Angelina Rudyanto Institut Bisnis dan Teknologi Pelita Indonesia
  • Hendri . A Institut Bisnis dan Teknologi Pelita Indonesia
  • Sarli Rahman Institut Bisnis dan Teknologi Pelita Indonesia

DOI:

https://doi.org/10.37385/ijedr.v2i1.251

Keywords:

Abnormal Return, Event Study, Trading Volume Activity, Political Events, t-test

Abstract

The capital market is a means for investors to invest in the long term and diversify, spread ownership of the company, and even create a healthy business climate through information disclosure. Political phenomena and events that occur in a country greatly affect the sensitivity of the capital market and can affect investors' decisions in investing in the capital market, because the political situation of a country affects the country's economic conditions. This study was determined of abnormal return and trading volume activity of South Korea’s political events. It has a ten windows period, amounts of samples were 98 companies of KRX 100 by purposive sampling technique. Analysis techniques used one-sample t-test and paired difference test. The result showed there is an abnormal return, a significant negative abnormal return difference, and no significant trading volume activity before and after South Korea’s political events. It means South Korea’s market is said to be efficient in a strong form because it is not influenced by political information and news that occurred in 2017.

References

Chandra, Teddy. (2013). Impacts of Indonesia’s 2014 Presidential Election towards Stock Prices Indonesia Stock Exchange. International Journal of Business and Management, Vol. 10, No. 7.
Chandra, Teddy, et al. (2016). Analysis of Changes Fuel Prices During Presidential Joko Widodo 2014-2015 on Share Price on Sub Sector Property In Indonesia Stock Exchange. International Journal, Vol. 3, No. 4.
Chandra, Teddy. (2013). The Impact of Fuel Price Increase on Stock Price in Indonesia Stock Exchange. Journal of Economics, Business, and Accountancy Ventura, Vol. 6, No. 3.
Diniar, Kiryanto. (2015). Analisis Dampak Pemilu Presiden Jokowi terhadap Return Saham. Jurnal Akuntansi Indonesia, Vol. 4, No. 2.
Ghoniyah, et al. (2013). Reaksi Pasar Modal Indonesia terhadap Pengumuman Obligasi Syariah. Jurnal dan Prosiding SNA, Vol. 11.
Hartono, Jogiyanto. (2013). Metode Penelitian Bisnis. Volume 6. Yogyakarta: PT Rajagrafindo Persada.
Nurhaeni, Nunung. (2015). Analisis Dampak Pemilu Presiden Jokowi terhadap Return Saham. Jurnal Akuntansi Indonesia, Vol. 4, No. 2.
Nurlita, et al. (2017). Analisis Perbedaan Abnormal Return Dan Trading Volume Activity ( TVA ) Sebelum Dan Sesudah Internet Financial Reporting ( IFR ) (Event Study Pada Saham LQ45 Yang Terdaftar Di Bursa Efek Indonesia Periode Agustus 2015 – Juli 2016 ). Jurnal Akuntansi, Vol. 7, No. 1.
Octafilia, Yusnita. (2016). Dampak Pemilihan Presiden Republik Indonesia Tahun 2014 terhadap Abnormal Return dan Trading Volume Activity di Bursa Efek Indonesia (Event Study pada Saham Indeks Kompas 100. Kurs: Jurnal Ilmiah Manajemen 1(1): 100-110.
Pamungkas, Aryo, et al. (2015). Pengaruh Pemilu Presiden Indonesia tahun 2014 terhadap Abnormal Return dan Trading Volume Activity (Studi pada Perusahaan yang Tercatat sebagai Anggota Indeks Kompas100). Jurnal Administrasi Bisnis, Vol. 20, No. 1.
Saputra, Indra. (2016). Analisis Perbedaan Rata-Rata Trading Volume Activity Saham Sebelum dan Sesudah Pemilu Presiden dan Wakil Presiden Tahun 2014 (Event Study pada SAham LQ45 di BEI Periode 29 Juni-19 Juli 2014). Jurnal Ekonomi dan Bisnis, Vol. 9, No. 1, 2016.
https://www.bbc.com/indonesia/dunia-43618151. (2021). Apa Yang Membuat Mantan Presiden Korea Selatan Park Geun Hye Dipenjara Selama 24 Tahun?.
https://www.cnbcindonesia.com/news/20200614183323-4-165255/kisah-gelap-bos-samsung-lee-jae-yong-yang-tak-tersentuh-hukum. (2021).
https://www.investing.com/charts/stocks-charts. (2021)
https://finance.yahoo.com/quote/%5EJKSE/history?p=%5EJKSE. (2021).
https://global.krx.co.kr/contents/GLB/96/9600000000/GLB9600000000.jsp#a23c49733a306155be6f66d93fcb7ecd=1. (2021)
http://world.kbs.co.kr/special/northkorea/contents/archives/summit/summit_2018_2.htm?lang=i. (2021). Peristiwa – Peristiwa di Semenanjung Korea.

Downloads

Published

2021-01-30

How to Cite

Octafilia, Y., Rudyanto, A., . A, H., & Rahman, S. (2021). Impacts of South Korea’s Political Events in 2017 Towards KRX 100 . International Journal of Economics Development Research (IJEDR), 2(1), 32–43. https://doi.org/10.37385/ijedr.v2i1.251