SKRIPSI MBS
ANALISIS EFISIENSI PASAR MODAL SYARIAH INDONESIA SEBELUM DAN SESUDAH PENGUMUMAN LABA GOOD NEWS, BAD NEWS, DAN NO NEWS (Studi pada Perusahaan yang Terdaftar pada JII Tahun 2019-2021)
ABSTRACT This study aims to analyze the differences in the efficiency of the Indonesian Islamic Capital Market before and after the earnings announcement of good news, bad news, and no news. This research was conducted on the Jakarta Islamic Index (JII) as one of the sharia indices on the Indonesian Capital Market with a research period of 2019-2021. This type of research is quantitative research. Sampling was carried out by purposive sampling method, and a sample of 180 was obtained where 90 samples were good news, 78 samples were bad news and 12 samples were no news. In this study, data were obtained from secondary data in the form of the company's quarterly financial reports and the daily closing price of shares. This research uses data analysis techniques to test the hypothesis with a different test, namely the Wilcoxon Test. Data processing and testing were carried out with the help of the SPSS version 25.0 application. The results of this study are: 1) there is no difference in market efficiency before and after the announcement of good news earnings. 2) there is no difference in market efficiency before and after the announcement of bad news earnings. 3) there is no difference in market efficiency before and after the announcement of earnings no news. Keywords: Earnings announcement, good news, bad news, no news, market efficiency.
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