Reaksi Pasar Modal Terhadap Bencana Banjir Di Indonesia Pada Awal Tahun 2020

Abstract

The purpose of research is to examine of whether the flood disaster which attacks Indonesian in early 2020 can effected the Indonesian capital market. The independent variable are abnormal return stock. The samples used were 33 samples taken from shares of consumer goods, general insurance, and pharmaceutical companies listed on the IDX .Statistical Package for the Social Sciences (SPSS) ver. 25 are used to analyze data. This research is using event study method. The results show that there is no significant difference on the average of the abnormal return on the stock that afoot on the sector of consumer goods, general insurance, and pharmaceutical companies before and after the flood disaster in early 2020. The implication of this research is that investors should look at events that are happening that can affect stock prices.