Hasnawati, Sri and Prasetyo, Reynaldi and Kupefaksi, Mahatma (2019) Market Reaction Toward The Announcement of Domestic Market Obligation For Coal Price. IOSR.

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Similarity Check Market Reaction Toward The Announcement of Domestic Market Obligation For Coal Price-3.pdf

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Abstract

SIMILARITY CHECK: This paper compares the impact of Domestic Market Obligation (DMO) on stock returns for coal mining company stocks for 10 event-days on March 2018. The study computes abnormal returns for 19 mining company using event study methodology and Trading Volume Activity to prove information content of Domestic Market Obligation for Coal Price. The result show that this event has information content, which caused the Indonesian capital market to react to the event. The number of Abnormal Returns that occurred in the window period was 4 times. Although the capital market seems to react, the capital market does not significantly provide Abnormal Return when the DMO policy takes place. However, Trading Volume Activity before and after the announcement of the DMO policy showed a significant change in the significance level of 5%.

Item Type: Other
Subjects: H Social Sciences > HG Finance
Divisions: Fakultas Ekonomi dan Bisnis (FEB) > Prodi Manajemen
Depositing User: Dr Sri Hasnawati
Date Deposited: 21 Jul 2020 07:43
Last Modified: 21 Jul 2020 07:43
URI: http://repository.lppm.unila.ac.id/id/eprint/23276

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