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Pengaruh pengumumuman penerapan fase New Normal terhadap reaksi pasar (studi pada perusahaan yang tercatat dalam indeks LQ-45 di Bursa Efek Indonesia 20 Mei 2020)

Jurnal Dinamika Manajemen · Vol. 9 No. 1 (2021) · pp. 31–40

DOI
10.22437/jdm.v9i1.17144
ISSN
2355-8148, 2338-123X
Published
2021-03-08
Publisher
Prodi Magister Manajemen Fakultas Ekonomi dan Bisnis Universitas Jambi
Language
en
License
creativecommons.org/licenses/by-sa/4.0

Abstract

This study examines the effect of implementing the New Normal to improve the Indonesian economy during the Covid-19 Pandemic. In this study, the author uses purposive sampling which is incorporated in the LQ- 45 in the 2020 period. This study aims to determine the effect of abnormal returns and trading volume activity on the announcement of the implementation of the New Normal phase on LQ-45. The observation period is 11 days and the research period is H-5 before the announcement of the implementation of the New Normal phase, H-0 when the announcement of the implementation of the New Normal phase and H+5 after the announcement of the implementation of the New Normal phase. The method used in this research is the event study method. While the test equipment used is the one sample t-test and paired sample t-test. The results of this study indicate that there are abnormal returns during the event window. But there is no difference in abnormal return and trading volume activity.

Keywords

Collaboration network of the authors

40 authors · 106 co-authorship links · showing the 40 most connected

Hover or tap a name to highlight its co-authors. Double-click to open the author's page.

  • Hasanuddin University
  • Affiliation unknown
  • Different organisations
  • Same organisation
  • Affiliation unknown
  • Thicker line = more joint articles · bigger circle = more articles
Show as table
Co-authorOrganisationJoint articles
Syahmardi YacobAffiliation unknown11
Fitriaty FitriatyAffiliation unknown7
Firmansyah FirmansyahHasanuddin University5
Syamsurijal TanAffiliation unknown4
Maryati NingsihAffiliation unknown4
Ahmad Nur Budi UtamaAffiliation unknown3
ZULKIFLI ZULKIFLIAffiliation unknown3
Zulfina AdrianiAffiliation unknown3
JUNAIDI JUNAIDIAffiliation unknown2
Ade OctaviaAffiliation unknown2
Asep MachpuddinAffiliation unknown2
M. Syurya HidayatAffiliation unknown2
Novita SariAffiliation unknown2
FitriatyAffiliation unknown2
Dalizanolo HuluAffiliation unknown2
Rike SetiawatiAffiliation unknown2
Ida MasrianiAffiliation unknown2
Dahmiri DahmiriAffiliation unknown2
Hardiani HardianiAffiliation unknown1
Ningsi TrilianahAffiliation unknown1
Widyanti FitriAffiliation unknown1
Sutan Adil HendraAffiliation unknown1
Efi HerawatiAffiliation unknown1
Iskandar ISKANDARAffiliation unknown1
Asep MachpudinAffiliation unknown1
Sumarni SumarniHasanuddin University1
Yayuk SriayudhaAffiliation unknown1
Johannes SimatupangAffiliation unknown1
Muhammad SafriAffiliation unknown1
Dessy ElliyanaAffiliation unknown1
Agil MuharyaAffiliation unknown1
Enggar Diah Puspa ArumAffiliation unknown1
MISMIWATI MISMIWATIAffiliation unknown1
TITIN HARTINIAffiliation unknown1
Sry RositaAffiliation unknown1
Steven KurniawanAffiliation unknown1
Fatih Luthfi AnanAffiliation unknown1

Affiliations come from OpenAlex; journal OAI-PMH metadata carries none. Authors without an OpenAlex ID are matched by name, which can merge or split people.

Metadata source: OAI-PMH (metadata jurnal) https://online-journal.unja.ac.id/index.php/jmbp/oai, first harvested 6 Nov 2026, last seen 8 Nov 2026.
Original metadata (oai_dc) 
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	<dc:title xml:lang="en">Pengaruh pengumumuman penerapan fase New Normal terhadap reaksi pasar (studi pada perusahaan yang tercatat dalam indeks LQ-45 di Bursa Efek Indonesia 20 Mei 2020)</dc:title>
	<dc:creator xml:lang="en">Putri, Octarina Suma </dc:creator>
	<dc:creator xml:lang="en">Lubis, Tona Aurora </dc:creator>
	<dc:creator xml:lang="en">Solikhin, Agus </dc:creator>
	<dc:subject xml:lang="en">New normal</dc:subject>
	<dc:subject xml:lang="en">abnormal return</dc:subject>
	<dc:subject xml:lang="en">trading volume activity</dc:subject>
	<dc:subject xml:lang="en">event study</dc:subject>
	<dc:subject xml:lang="en">LQ-45</dc:subject>
	<dc:description xml:lang="en">This study examines the effect of implementing the New Normal to improve the Indonesian economy during the Covid-19 Pandemic. In this study, the author uses purposive sampling which is incorporated in the LQ- 45 in the 2020 period. This study aims to determine the effect of abnormal returns and trading volume activity on the announcement of the implementation of the New Normal phase on LQ-45. The observation period is 11 days and the research period is H-5 before the announcement of the implementation of the New Normal phase, H-0 when the announcement of the implementation of the New Normal phase and H+5 after the announcement of the implementation of the New Normal phase. The method used in this research is the event study method. While the test equipment used is the one sample t-test and paired sample t-test. The results of this study indicate that there are abnormal returns during the event window. But there is no difference in abnormal return and trading volume activity.</dc:description>
	<dc:publisher xml:lang="en">Prodi Magister Manajemen Fakultas Ekonomi dan Bisnis Universitas Jambi</dc:publisher>
	<dc:date>2021-03-08</dc:date>
	<dc:type>info:eu-repo/semantics/article</dc:type>
	<dc:type>info:eu-repo/semantics/publishedVersion</dc:type>
	<dc:type xml:lang="en">Peer-reviewed Article</dc:type>
	<dc:format>application/pdf</dc:format>
	<dc:identifier>https://online-journal.unja.ac.id/jmbp/article/view/17144</dc:identifier>
	<dc:identifier>10.22437/jdm.v9i1.17144</dc:identifier>
	<dc:source xml:lang="en">Jurnal Dinamika Manajemen; Vol. 9 No. 1 (2021): Jurnal Dinamika Manajemen; 31-40</dc:source>
	<dc:source>2355-8148</dc:source>
	<dc:source>2338-123X</dc:source>
	<dc:language>en</dc:language>
	<dc:relation>https://online-journal.unja.ac.id/jmbp/article/view/17144/12904</dc:relation>
	<dc:rights xml:lang="en">Copyright (c) 2021 Octarina Suma  Putri, Tona Aurora  Lubis, Agus  Solikhin</dc:rights>
	<dc:rights xml:lang="en">https://creativecommons.org/licenses/by-sa/4.0</dc:rights>
</oai_dc:dc>