Abnormal Return Testing Before and After the Earning Announcement

Sutejo, Bertha Silvia and Utami, Mudji (2020) Abnormal Return Testing Before and After the Earning Announcement. In: 17th International Symposium on Management (INSYMA 2020), February 19-21, 2020, Ba Ria Vung Tau University.

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Abstract

This study examines the existence of abnormal returns on the days before and after the annual earnings of stocks in the IDX 30 index over the 2017 – 2019 period. This study used the event study method to observe abnormal returns of stocks in the IDX 30 index at six days before and six days after the annual earnings announcement. The results showed that there was no abnormal return on stocks in the IDX 30 index before or after the announcement.

Item Type:	Conference or Workshop Item (Paper)
Uncontrolled Keywords:	abnormal return, earnings announcement, event study
Subjects:	H Social Sciences > HG Finance
Divisions:	Faculty of Business and Economic > Department of Management
Depositing User:	Bertha Silvia Sutedja
Date Deposited:	10 May 2021 03:49
Last Modified:	19 Dec 2024 06:03
URI:	http://repository.ubaya.ac.id/id/eprint/39511

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