Fluctuations in Stock Prices of Companies in Indonesia as an Impact of Organizing Presidential Elections

Time Series Component Analysis: Cyclical Variation

Authors

  • Herawati Ningrum Universitas Pendidikan Indonesia
  • Elis Mediawati Universitas Pendidikan Indonesia

DOI:

https://doi.org/10.59653/jimat.v2i01.313

Keywords:

Stock price, Investment, ARIMA

Abstract

The objective of this study was to determine how non-economic events, such as the presidential election affect the Composite Stock Price Index. A descriptive quantitative method was used to collect secondary data from the Indonesia Stock Exchange (IDX) website. The data used is a historical data set from 1999 to 2019. The data was taken from the daily closing price of LQ45 on the JCI (Composite Stock Price Index). Analysis techniques using time series analysis. Data analysis used ARIMA (Autoregressive Integrated Moving Average) model. The study found that company stock prices changed due to presidential elections in 1999, 2004, 2009, and 2014. Suggestions for further research are to find techniques used as well as to include other elements that further influence investor decisions.

Downloads

Download data is not yet available.

References

Darmadji, Tjiptono & Fakhruddin. 2011. Pasar Modal di Indonesia Pendekatan Tanya Jawab. Jakarta : Salemba Empat

Dwi, B., Sodik, F., & Kharisudin, I. (2020). Pemodelan dan Peramalan Data Saham dengan Analisis Time Series menggunakan Python, 3, 714–718.

Fahmi, Irham & Hadi. 2009. Teori Portofolio dan Analisis Investasi. Bandung : Alfabeta

Gumanti, T. A., & Utami, E. S. (2002). Bentuk Pasar Efisiensi Dan Pengujiannya. Jurnal Akuntansi Dan Keuangan, 4(1), 54–68. https://doi.org/10.9744/jak.4.1.pp.54-68

Jogiyanto, Hartono. 2008. Teori Portfolio dan Analisis Investasi. Yogyakarta : BPFE

Madura, J. 2012. International Financial Management, 12th edition. South-Western College Publishing

Mawardi, M. C. (2020). E-JRA Vol. 09 No. 04 Februari 2020 Fakultas Ekonomi dan Bisnis Universitas Islam Malang, 09(04), 83–96.

Pamungkas, A., Suhadak, & Endang. (2015). Pengaruh Pemilu Presiden Indonesia Tahun 2014 terhadap Abnormal Return dan Trading Volume Activity (Studi pada Perusahaan yang Tercatat sebagai Anggota Indeks Kompas 100). Jurnal Administrasi Bisnis (JAB), 20(1), 1–9.

Rahmawati, I. A. (2014). Analisis Perbedaan Abnormal Return Saham Sebelum Dan Sesudah Putusan Sidang Sengketa Pemilu Presiden 2014 ( Studi Kasus Saham di Bursa Efek Indonesia ), 1–10.

Sari, N. P. T. P. (2017). Analisis Komparatif Saham Lq45 Sebelum Dan Sesudah Pilpres Amerika Serikat 2016. E-Journal S1 Ak Universitas Pendidikan Ganesha, 7(1).

Sihotang, E. M., & Mekel, P. A. (2015). Reaksi Pasar Modal terhadap Pemilihan Umum Presiden tanggal 9 Juli 2014 di Indonesia. Jurnal EMBA, 3(1), 951–960.

Sunariyah. 2006. Pengantar Pengetahuan Pasar Modal Sekolah Tinggi Ilmu Manajemen YKPN Yogyakarta.

Tandelilin, Eduardus. 2017. Pasar Modal Manajemen Portfolio & Investasi. Istimewa Yogyakarta : PT. Kanisius

Downloads

Published

2023-10-23

How to Cite

Ningrum, H., & Mediawati, E. (2023). Fluctuations in Stock Prices of Companies in Indonesia as an Impact of Organizing Presidential Elections: Time Series Component Analysis: Cyclical Variation. Jurnal Riset Multidisiplin Dan Inovasi Teknologi, 2(01), 47–60. https://doi.org/10.59653/jimat.v2i01.313