The Impact of the United State Presidential Election on Jakarta Islamic Index Stocks: Bid-ask Spread Perspective

Erna Listyaningsih

2018

Abstract

The political event which associated with the capital market is one of the interesting phenomena to be investigated. The aim of this study is to explore the impact of the United State Presidential Election against the liquidity of Jakarta Islamic Index. Bid-ask spread with Corwin and Shultz formulation was employed as liquidity proxy. This study conducted an event study and regression methodologies. The results of this study reported that after the event date experienced a higher bid-ask spread on the first and the second day than the previous event date. These findings imply that this event has information content.

Paper Citation

in Harvard Style

Listyaningsih E. (2018). The Impact of the United State Presidential Election on Jakarta Islamic Index Stocks: Bid-ask Spread Perspective.In Proceedings of the 2nd International Research Conference on Economics and Business - Volume 1: IRCEB, ISBN 978-989-758-428-2, pages 252-256. DOI: 10.5220/0008784502520256

in Bibtex Style

@conference{irceb18,
author={Erna Listyaningsih},
title={The Impact of the United State Presidential Election on Jakarta Islamic Index Stocks: Bid-ask Spread Perspective},
booktitle={Proceedings of the 2nd International Research Conference on Economics and Business - Volume 1: IRCEB,},
year={2018},
pages={252-256},
publisher={SciTePress},
organization={INSTICC},
doi={10.5220/0008784502520256},
isbn={978-989-758-428-2},
}

in EndNote Style

TY - CONF

JO - Proceedings of the 2nd International Research Conference on Economics and Business - Volume 1: IRCEB,
TI - The Impact of the United State Presidential Election on Jakarta Islamic Index Stocks: Bid-ask Spread Perspective
SN - 978-989-758-428-2
AU - Listyaningsih E.
PY - 2018
SP - 252
EP - 256
DO - 10.5220/0008784502520256