How to cite this paper
Gursida, H & Indrayono, Y. (2019). Understanding capital market responses to government economic policy announcements: An event study on Indonesia’s Economic Policy Package.Management Science Letters , 9(11), 1887-1900.
Refrences
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Georgiadis, G. (2016). Determinants of global spillovers from US monetary policy. Journal of Interna-tional Money and Finance, 67, 41-61.
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Gumanti, T.A. (2013). Kebijakan Dividen Teori, Empiris Dan Implikasi. Sekolah Tinggi Ilmu Mana-jemen YKPN, Yogyakarta.
Gupta, R., Jooste, C., & Matlou, K. (2014). A time-varying approach to analysing fiscal policy and as-set prices in South Africa. Journal of Financial Economic Policy, 6(1), 46-63.
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Jogiyanto, H. (2010). Teori Portofolio dan Analisis Investasi, 7th ed., BPFE, Yogyakarta.
Jogiyanto, H. (2015). Teori Portofolio dan Analisis Investasi, 10th ed., Penerbit BPFE, Yogyakarta.
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Klein, M. W., & Shambaugh, J. C. (2015). Rounding the corners of the policy trilemma: sources of monetary policy autonomy. American Economic Journal: Macroeconomics, 7(4), 33-66.
Korinek, A. (2018). Regulating capital flows to emerging markets: An externality view. Journal of In-ternational Economics, 111, 61–80.
Kung, H. (2015). Macroeconomic linkages between monetary policy and the term structure of interest rates. Journal of Financial Economics, 115, 42–57.
Li, X. (2009). China’s regional innovation capacity in transition: An empirical approach. Research Poli-cy, 38, 338–357.
Li, X. (2012). Behind the recent surge of Chinese patenting: An institutional view. Research Poli-cy, 41, 236–249.
Neiderhoffer, V. (1971). The analysis of world events and stock prices, Journal of Business, 44(2), 193–219.
Oet, M. V., & Ong, S. J. (2016). From organization to activity in the US collateralized interbank mar-ket. Research in International Business and Finance.
Rapetti, M. (2013). Macroeconomic policy coordination in a competitive real exchange rate strategy for development. Journal of Globalization and Development, 3(2), 1–31.
Rey, H. (2015). Dilemma not Trilemma: the Global Financial Cycle and Monetary Policy Independ-ence. Working paper, National Bureau of Economic Research.
Samila, S., & Sorenson, O. (2010). Venture capital as a catalyst to commercialization. Research Poli-cy, 39, 1348–1360.
Samsul, M. (2016). Pasar Modal dan Manajemen Portofolio, 2nd ed., Erlangga, Jakarta.
Sousa, C.M.P., & Tan, Q. (2015). Exit from a foreign market: Do poor performance, strategic fit, cul-tural distance, and international experience matter?. Journal of International Marketing, 23(4), 84–104.
Sudana, I. M., & Harlanta, A. (2018). Stock Market Reaction to the Announcement of the 2015 Indo-nesian Government Economic Policy Package in the Indonesia Stock Exchange. KnE Social Scienc-es, 3(10).
Sui, S., & Baum, M. (2014). Internationalization strategy, firm resources and the survival of SMEs in the export market. Journal of International Business Studies, 45(7), 821–841.
Surdu, I., & Mellahi, K. (2016). Theoretical foundations of equity based foreign market entry decisions: A review of the literature and recommendations for future research. International Business Re-view, 25(5), 1169–1184.
Tandelilin, E. (2010). Portofolio dan Investasi Teori dan Aplikasi, 1st ed., Kanisius, Yogyakarta.
Tapia, M. (2017). Challenges to monetary policy in a small open economy, paper presented at the Are we Heading for a New Monetary Order and New Monetary Policy Regime? Roundtable, 5 Septem-ber, Vienna.
Vegh, C.A. (2017). The monetary policy dilemma in LAC: coming back to a Central Bank near you. Paper presented at the 9th Annual Conference of the Central Reserve Bank of Peru and the Rein-venting Bretton Woods Committee, 24–25 July 2017, Cuzco, Peru.
Weston, J. F., & Copeland, T. E. (2010). Manajemen Keuangan, Binarupa Aksara, Jakarta.
Wilson, R. T., & Baack, D. W. (2012). Attracting foreign direct investment: Applying Dunning's loca-tion advantages framework to FDI advertising. Journal of International Marketing, 20(2), 96-115.
Yusuf, S.D, Atim, D., & Harry S. (2009). Analisis reaksi investor terhadap pengumuman right issue di Bursa Efek Jakarta’, Wacana, 12(4), 792–814.
Zubir, Z. (2011). Manajemen Portofolio: Penerapannya dalam Investasi Saham. Salemba Empat, Jakar-ta.
Zulfikar, R., & Ade Mayvita, P. (2017). The effects of political events against abnormal return and total volume sharia shares activity that listed in Jakarta Islamic Index (JII). Jurnal Ilmiah Bidang Akuntansi dan Manajemen, 14(2), 157–168.
Afonso, A., & Sousa, R.M. (2011). What are the effects of fiscal policy on asset markets?. Economic Modeling, 28(4), 1871–1890.
Agnello, L., & Sousa, R. M. (2013). Fiscal policy and asset prices. Bulletin of Economic Re-search, 65(2), 154-177.
Alwi, H. (2003). Tata Bahasa Baku Bahasa Indonesia. Balai Pustaka, Jakarta.
Avino, D., & Cotter, J. (2014). Sovereign and bank CDS spreads: Two sides of the same coin. Journal of International Financial Markets, Institutions, and Money, 32(C), 72–85.
Bech, M. L., & Atalay, E. (2010). The topology of the federal funds market. Physica A: Statistical Me-chanics and its Applications, 389(22), 5223-5246.
Berk, J., DeMarzo, P., & Harford, J. (2012). Fundamentals of Corporate Finance, 2nd ed., Prentice Hall, Upper Saddle River, NJ.
Bodie, K.M. (2014). Manajemen Portofolio dan Investasi. 9th ed., Salemba Empat, Jakarta.
Bruno, V., & Shin, H. S. (2015). Capital flows and the risk-taking channel of monetary policy. Journal of Monetary Economics, 71, 119-132.
Cutler, D., Poterba, J., & Summers, L. (1989). What Moves Stock Prices? Journal of Portfolio Man-agement, 15(3), 4–12.
Engler, P., & Steffen, C. G. (2016). Sovereign risk, interbank freezes, and aggregate fluctua-tions. European Economic Review, 87, 34-61.
Malkiel, B. G., & Fama, E. F. (1970). Efficient capital markets: A review of theory and empirical work. The Journal of Finance, 25(2), 383-417.
Fama, E.F. (1991). Efficient capital markets: II. Journal of Finance, 46(5), 1575–1617.
Gali, J. (2015). Monetary Policy, Inflation, and the Business Cycle: An Introduction to the New Keynes-ian Framework. 2nd ed., Princeton University Press, Princeton, NJ.
Gennaioli, N., Martin, A., & Rossi, S. (2014). Sovereign default, domestic banks, and financial institu-tions. The Journal of Finance, 69(2), 819-866.
Georgiadis, G. (2016). Determinants of global spillovers from US monetary policy. Journal of Interna-tional Money and Finance, 67, 41-61.
Gertler, M., & Karadi, P. (2011). A model of unconventional monetary policy. Journal of Monetary Economics, 58(1), 17-34.
Gumanti, T.A. (2013). Kebijakan Dividen Teori, Empiris Dan Implikasi. Sekolah Tinggi Ilmu Mana-jemen YKPN, Yogyakarta.
Gupta, R., Jooste, C., & Matlou, K. (2014). A time-varying approach to analysing fiscal policy and as-set prices in South Africa. Journal of Financial Economic Policy, 6(1), 46-63.
Harjito dan Martono, A. (2012). Manajemen Keuangan. 2nd ed., Ekonisia, Yogyakarta.
Huang, W., & Zhu, T. (2015). Foreign institutional investors and corporate governance in emerging markets: Evidence of a split-share structure reform in China. Journal of Corporate Finance, 32, 312-326.
Huyghebaert, N., & Xu, W. (2015). What determines the market share of investment banks in Chinese domestic IPOs?. China Economic Review, 34, 150-168.
Jogiyanto, H. M. (2003). Teori portofolio dan analisis investasi. Yogyakarta: Bpfe.
Jogiyanto, H. (2008). Teori Portofolio dan Analisis Investasi. 5th ed., Penerbit BPFE, Yogyakarta.
Jogiyanto, H. (2010). Teori Portofolio dan Analisis Investasi, 7th ed., BPFE, Yogyakarta.
Jogiyanto, H. (2015). Teori Portofolio dan Analisis Investasi, 10th ed., Penerbit BPFE, Yogyakarta.
Kendall, M.G. (1953). The Advanced Theory of Statistics, Vol. 1, Griffin, London.
Klein, M. W., & Shambaugh, J. C. (2015). Rounding the corners of the policy trilemma: sources of monetary policy autonomy. American Economic Journal: Macroeconomics, 7(4), 33-66.
Korinek, A. (2018). Regulating capital flows to emerging markets: An externality view. Journal of In-ternational Economics, 111, 61–80.
Kung, H. (2015). Macroeconomic linkages between monetary policy and the term structure of interest rates. Journal of Financial Economics, 115, 42–57.
Li, X. (2009). China’s regional innovation capacity in transition: An empirical approach. Research Poli-cy, 38, 338–357.
Li, X. (2012). Behind the recent surge of Chinese patenting: An institutional view. Research Poli-cy, 41, 236–249.
Neiderhoffer, V. (1971). The analysis of world events and stock prices, Journal of Business, 44(2), 193–219.
Oet, M. V., & Ong, S. J. (2016). From organization to activity in the US collateralized interbank mar-ket. Research in International Business and Finance.
Rapetti, M. (2013). Macroeconomic policy coordination in a competitive real exchange rate strategy for development. Journal of Globalization and Development, 3(2), 1–31.
Rey, H. (2015). Dilemma not Trilemma: the Global Financial Cycle and Monetary Policy Independ-ence. Working paper, National Bureau of Economic Research.
Samila, S., & Sorenson, O. (2010). Venture capital as a catalyst to commercialization. Research Poli-cy, 39, 1348–1360.
Samsul, M. (2016). Pasar Modal dan Manajemen Portofolio, 2nd ed., Erlangga, Jakarta.
Sousa, C.M.P., & Tan, Q. (2015). Exit from a foreign market: Do poor performance, strategic fit, cul-tural distance, and international experience matter?. Journal of International Marketing, 23(4), 84–104.
Sudana, I. M., & Harlanta, A. (2018). Stock Market Reaction to the Announcement of the 2015 Indo-nesian Government Economic Policy Package in the Indonesia Stock Exchange. KnE Social Scienc-es, 3(10).
Sui, S., & Baum, M. (2014). Internationalization strategy, firm resources and the survival of SMEs in the export market. Journal of International Business Studies, 45(7), 821–841.
Surdu, I., & Mellahi, K. (2016). Theoretical foundations of equity based foreign market entry decisions: A review of the literature and recommendations for future research. International Business Re-view, 25(5), 1169–1184.
Tandelilin, E. (2010). Portofolio dan Investasi Teori dan Aplikasi, 1st ed., Kanisius, Yogyakarta.
Tapia, M. (2017). Challenges to monetary policy in a small open economy, paper presented at the Are we Heading for a New Monetary Order and New Monetary Policy Regime? Roundtable, 5 Septem-ber, Vienna.
Vegh, C.A. (2017). The monetary policy dilemma in LAC: coming back to a Central Bank near you. Paper presented at the 9th Annual Conference of the Central Reserve Bank of Peru and the Rein-venting Bretton Woods Committee, 24–25 July 2017, Cuzco, Peru.
Weston, J. F., & Copeland, T. E. (2010). Manajemen Keuangan, Binarupa Aksara, Jakarta.
Wilson, R. T., & Baack, D. W. (2012). Attracting foreign direct investment: Applying Dunning's loca-tion advantages framework to FDI advertising. Journal of International Marketing, 20(2), 96-115.
Yusuf, S.D, Atim, D., & Harry S. (2009). Analisis reaksi investor terhadap pengumuman right issue di Bursa Efek Jakarta’, Wacana, 12(4), 792–814.
Zubir, Z. (2011). Manajemen Portofolio: Penerapannya dalam Investasi Saham. Salemba Empat, Jakar-ta.
Zulfikar, R., & Ade Mayvita, P. (2017). The effects of political events against abnormal return and total volume sharia shares activity that listed in Jakarta Islamic Index (JII). Jurnal Ilmiah Bidang Akuntansi dan Manajemen, 14(2), 157–168.