Pengaruh Pemilihan Presiden Joko Widodo Terhadap Harga Saham Pada Perusahaan Badan Usaha Milik Negara Yang Go Public Di Bursa Efek Indonesia

Abstract

The aim of this study is to finds out the effect of Joko Widodo's presidential election towards the BUMN company’s stock prices at the time of the election, before and after election as a 7th President of the Republic of Indonesia, by using Event Studies method viewed from the abnormal return. The populations of this reseacrh were the stocks which go public and listed on the Indonesia Stock Exchange,classified in non sector stock which amount to 58 companies. The sample of this study is 20 companies. The Sampling in this study using purposive sampling method. Jokowi election occurred on July 22, 2014 by taking a 100-day estimation period, during the period of the event (event period) by 30 days before the event and 30 days after the event. The result of the first hypothesis showed sig (0017) < 0.05 which means P Value < 0.05 so that by the time election day Jokowi as the 7th President the abnormal returns are significant and positive. However on the second hypothesis testing sig (0148 ) > 0.05, which means P Value > 0.05, so there is no significant difference in abnormal returns on the BUMN company’s stock prices in BEI before and after the election of Jokowi as the 7th Presiden Republik Indonesia