Dyah Ani Pangastuti_abstract_1422010

ABNORMAL RETURN DAN TRADING VOLUME ACTIVITY
PADA PERISTIWA AMBRUKNYA FANNIE MAE DAN
FREDDIE MAC

Dyah Ani Pangastuti
Program Studi Akuntansi Fakultas Ekonomi Universitas Merdeka Malang
Jl. Terusan Raya Dieng 62-64 Malang

Korespondensi dengan Penulis:
Dyah Ani Pangastuti: Telp. + 62 341 717 092
E-mail: pangastuti.dyah@yahoo.co.id

Abstract
The global economic crisis was a disaster for all nations in the world due to its impact once seemed to hamper the economy of a nation. This research studied the events that would see if there was an effect of global economic crisis preceded by the U.S. Financial crisis was triggered by the collapse of Fannie Mae and Freddie Mac in the property business (subprime mortgages) on September 7th, 2008. This study used samples that had been publicly traded company listed on the Indonesia Stock Exchange and entered into the sequence of LQ-45 in the year of 2008. Hypothesis testing used was t-test on the average abnormal return and average trading volume of activity. Test results for the average abnormal return showed there were no significant differences before and after the Subprime Mortgage. The test results for the average trading volume of activity indicated the presence of a significant difference before and after the Subprime Mortgage.

Key words: event study, abnormal return, the average abnormal return, trading volume of activity and average trading volume of activity

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