Reaksi Pasar Modal Indonesia Atas Pengumuman Kenaikan BI 7 Day Reverse Repo Rate Tanggal 19 Oktober 2023 Pada Perusahaan Yang Terdaftar Dalam LQ45 Bursa Efek Indonesia

Authors

  • Ida Ayu Amelia Putri Universitas Hindu Indonesia
  • I Putu Dedy Samtika Putra Universitas Hindu Indonesia
  • Ni Putu Trisna Windika Pratiwi Universitas Hindu Indonesia

DOI:

https://doi.org/10.32795/zgwhp910

Keywords:

event study, abnormal return, trading volume activity, BI7DRR, LQ45

Abstract

The research aims to analyze how the Indonesian capital market reacted to the 
announcement of the BI 7 Day Reverse Repo Rate by comparing average abnormal return 
and average trading volume activity. This study, which is an event study, will be observed 
for ten working days, five days prior to (t-5) and five days following (t+5) the 
announcement. Corporations that are included in the LQ45 index are used for the study's 
sample. Purposive sampling methodology combined with sample determination method. 
The Wilcoxon signed rank test is the data analysis method applied. The average abnormal 
return and average trading volume activity before and after the BI 7 Day Reverse Repo 
Rate announcement on October 19, 2023, do not differ, according to the results. Because 
the event does not control the information content and strong signal when making 
investment decisions to purchase or sell shares, this indicates that there was no market 
reaction. 

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Published

2025-06-05

Issue

Vol. 6 No. 1 (2025): Hita Akuntansi dan Keuangan

Section

Articles

How to Cite

Ida Ayu Amelia Putri, I Putu Dedy Samtika Putra, & Ni Putu Trisna Windika Pratiwi. (2025). Reaksi Pasar Modal Indonesia Atas Pengumuman Kenaikan BI 7 Day Reverse Repo Rate Tanggal 19 Oktober 2023 Pada Perusahaan Yang Terdaftar Dalam LQ45 Bursa Efek Indonesia. Hita Akuntansi Dan Keuangan, 6(1), 287 296. https://doi.org/10.32795/zgwhp910