IMPACT OF FLOOD IN JAKARTA AND HAIYAN TYPHOON IN PHILIPPINES TOWARD INDONESIA STOCK EXCHANGE AND THE PHILIPPINE STOCK EXCHANGE 2013

Maharani, Alethea Natasha (2014) IMPACT OF FLOOD IN JAKARTA AND HAIYAN TYPHOON IN PHILIPPINES TOWARD INDONESIA STOCK EXCHANGE AND THE PHILIPPINE STOCK EXCHANGE 2013. Jurnal Ekonomi Internasional. p.1-14.

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Abstract

This research aimed to know the impact of flood in Jakarta and Haiyan Typhoon in Philippines towards each stock market in two countries in 2013. By using phenomenon which is happened, event study will be conducted to know the significant impact on its Average Abnormal Return on each country. In order to know the result, it will used by calculating Abnormal Return which is get from the Return of companies’ stock return on daily basis in the event period of different country. The result will be tested by using paired sample t-test, to know which is the before and after event in Indonesia and Philippines have significant impact or not in the its abnormal return. The findings of this research, there is no significant different average abnormal return between before event day and after event day of both natural disaster events in Indonesia and Philippines.

Item Type: Article
Uncontrolled Keywords: Abnormal Return, Efficient Market Hypothesis, Event Study, Stock Market.
Subjects: Business Management > International Financial Management
Divisions: Fakultas Ekonomi > Manajemen Internasional
Depositing User: Editor UAJY
Date Deposited: 20 Oct 2014 08:08
Last Modified: 20 Oct 2014 08:08
URI: http://e-journal.uajy.ac.id/id/eprint/6069

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