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Initial Market Reaction towards the Delegation of Ojk as the Indonesian Stock Markets Regulator, an Event Study of Indonesias Industries

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The Purpose of the research is to provide explanation, whether or not the announcement and event that OJK will take over BAPEPAM-LKs and Bank of Indonesia role in regulating the financial industry as a whole (in terms of industries). the study conducted utilizes the event study method, measuring the abnormalities through three methods; Market Adjusted Abnormal Return, Mean Adjusted Abnormal Return and the Risk Adjusted Abnormal Return. the methods show different results between methods, the Market Adjusted Returns show overall significance in both the announcement and event, whereas the Mean Adjusted Abnormal Returns and Risk Adjusted Abnormal Returns show a variety of results. in terms of real returns, the announcement on the 27thof October 2011 show positive as well as significant returns. on the other hand, the event on 2nd of January 2014 shows a variety of positive and negative returns, even though they result in significant returns. in conclusion, the announcement is relatively separated from previous events, therefore provides more significance, while the transition shows a variety of results.

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Availability

B01667

(Rack Thesis)

Available

Detail Information

Series Title

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Call Number

1667

Publisher

: Swiss German University., 2014

Collation

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Language

English

ISBN/ISSN

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Classification

NONE

Content Type

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Media Type

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Carrier Type

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Edition

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Subject(s)

IBA
Stocks
Event study
Transitions
Abnormal returns
Risk adjusted
Market adjusted
Mean adjusted

Specific Detail Info

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Statement of Responsibility

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