The Impact of Corruption News of Soe Officials on Abnormal Return

Ramadhani, Nabila and Mahadwartha, Putu Anom and Ernawati, Endang (2023) The Impact of Corruption News of Soe Officials on Abnormal Return. In: Proceedings of the 20th International Symposium on Management (INSYMA 2023), 15-16 March 2023, Bangkok, Thailand.

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Abstract

This study aims to examine the impact of corruption news of Indonesia State-owned Enterprise Officials on abnormal returns. From 2010–2020, at least 30 corruption cases were handled by the Tipikor (Criminal Act) court originating from SOEs. This study uses the event study research method with AR and CAR as variables and public SOEs as research objects. The results of this study show a significant negative abnormal return difference in certain pairs. There is also a significant negative abnormal return difference in CAR except for one day before and one day after the event.

Item Type:	Conference or Workshop Item (Paper)
Uncontrolled Keywords:	corruption; abnormal return; state-owned enterprises; event study
Subjects:	H Social Sciences > HG Finance
Divisions:	Postgraduate Programs > Master Program in Management
Depositing User:	Putu Anom mahadwartha 31140
Date Deposited:	10 Jun 2024 01:19
Last Modified:	10 Jun 2024 01:19
URI:	http://repository.ubaya.ac.id/id/eprint/46514

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