Reaksi Pasar Modal Terhadap Aksi Unjuk Rasa Bela Islam Jilid I, Jilid II & Jilid III (Studi Kasus: Perusahaan yang Tergabung Dalam Indeks LQ-45)

Abstract

The purpose of this study was to examine the information content of the Aksi Unjuk
Rasa Bela Islam Jilid I, Jilid II dan Jilid III. Another objective are to examine the effect
of the Aksi Unjuk Rasa Bela Islam Jilid I, Jilid II dan Jilid III on investor decision making
in conducting transactions in the capital market which are seen from the abnormal
return of shares and stock liquidity. The results of this study indicate: (1) That these
three events of rallies did not contain information that made the capital market react.
(2) That investor's reaction are to the events of Aksi Unjuk Rasa Bela Islam Jilid I, Jilid
II dan Jilid III did not result in an overwhelming reaction to capital market. (3) Investor's
reaction to events of Aksi Unjuk Rasa Bela Islam Jilid I, Jilid II dan Jilid III are relatively
no different. (4) Whereas the investor's reaction to events of Aksi Unjuk Rasa Bela
Islam Jilid I, Jilid II dan Jilid III are relatively no different.