The Impact of Corruption News of Soe Officials on Abnormal Return

Nabila Ramadhani, Putu Anom Mahadwartha () and Endang Ernawati
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Nabila Ramadhani: University of Surabaya
Putu Anom Mahadwartha: University of Surabaya
Endang Ernawati: University of Surabaya

A chapter in Proceedings of the 20th International Symposium on Management (INSYMA 2023), 2024, pp 62-67 from Springer

Abstract: Abstract This study aims to examine the impact of corruption news of Indonesia State-owned Enterprise Officials on abnormal returns. From 2010–2020, at least 30 corruption cases were handled by the Tipikor (Criminal Act) court originating from SOEs. This study uses the event study research method with AR and CAR as variables and public SOEs as research objects. The results of this study show a significant negative abnormal return difference in certain pairs. There is also a significant negative abnormal return difference in CAR except for one day before and one day after the event.

Keywords: corruption; abnormal return; state-owned enterprises; event study (search for similar items in EconPapers)
Date: 2024
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Persistent link: https://EconPapers.repec.org/RePEc:spr:advbcp:978-94-6463-244-6_12

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DOI: 10.2991/978-94-6463-244-6_12

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