ANALISIS DAMPAK PENGUMUMAN AKUISISI TERHADAP ABNORMAL RETURN SAHAM (Studi Empiris pada Perusahaan Sektor Pertambangan yang Terdaftar Di Bursa Efek Indonesia Tahun (2016-2018)

Abstract

            The purpose of this study is to analyze the impact of differences in abnormal returns before and after the acquisition of mining sector companies listed on the Indonesia Stock Exchange for the period of 2016-2018. The sample used in this study were 5 companies using purposive sampling method. The analytical method used is quantitative analysis, in the form of hypothesis testing using statistical tests using SPSS version 25. Based on the results of the study showed that observations made during the 20 days before the announcement of the acquisition until 20 days after the announcement of the acquisition did not reveal any significant investor reaction differences associated with announcement of the acquisition by the company. This matter indicates that there is no significant difference in abnormal stock returns.