Iman Harymawan and Wiwiek Dianawati and Akbar Suryo Kusumo Baharuddin (2017) Does the market react to the Australian Embassy attack in Indonesia? In: Proceedings of the 2017 International Conference on Organizational Innovation (ICOI 2017). Advances in Intelligent Systems Research, 131 . Atlantis Press, pp. 138-141. ISBN 978-94-6252-359-3

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Abstract

The purpose of this study to investigate on how the market reacts to the terrorist incidents that occurred in Indonesia. To eliminate bias, this study only focuses on one event, Australian Embassy attack. This study uses an event study method to examine changes in abnormal returns after the terrorist attack. The sample of this study is all firms listed on the Indonesian Stock Exchange which indexed in LQ45. The result shows that the abnormal return of the firms is significant negative after the terrorist attacks. This indicates that firms in Indonesia experienced a negative market reaction after the terrorist attack.

Item Type:	Book Section
Uncontrolled Keywords:	event study; terrorism; efficient market
Subjects:	H Social Sciences H Social Sciences > HD Industries. Land use. Labor > HD5701-6000.9 Labor market. Labor supply. Labor demand
Divisions:	04. Fakultas Ekonomi dan Bisnis > Akuntansi
Creators:	Creators NIM Iman Harymawan NIDN0020048403 Wiwiek Dianawati NIDN0014126104 Akbar Suryo Kusumo Baharuddin NIM041311333163
Depositing User:	Tn Sugeng Riyanto
Date Deposited:	16 Dec 2020 12:51
Last Modified:	16 Dec 2020 12:51
URI:	http://repository.unair.ac.id/id/eprint/101399
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