The Impact of the Implementation of Government Restrictions on Mineral Exports in the Mining Sector and Its Sustainability

DOI

10.2991/aebmr.k.200915.085How to use a DOI?

Keywords

event study, abnormal return, dan insider trading, unfair activity

Abstract

The purpose of this study is to analyse investors’ abnormal returns on the Indonesia Stock Exchange with the PP No. 1 of 2014. This law is in accordance with the government policy on the Gradual Restrictions on Mineral Exports, while developing smelter for exporters. This is a qualitative research, with data obtained from the stock returns from ANRO, ANTM and BUM companies, which are the top three mining stocks listed in the Indonesian Stock Exchange/BEI and from the CSPI, with the event study used for analysis. The result showed that negative/positive abnormal returns occurred 7 days prior to the announcement of PP No. 1 of 2014, with the expectation of insider trading sourced from the policy information at t-3 and t-2.

Copyright

© 2020, the Authors. Published by Atlantis Press.

Open Access

This is an open access article distributed under the CC BY-NC license (http://creativecommons.org/licenses/by-nc/4.0/).

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TY  - CONF
AU  - Rinaldi Rustam
PY  - 2020
DA  - 2020/09/15
TI  - The Impact of the Implementation of Government Restrictions on Mineral Exports in the Mining Sector and Its Sustainability
BT  - Proceedings of the International Conference on Management, Accounting, and Economy (ICMAE 2020)
PB  - Atlantis Press
SP  - 373
EP  - 375
SN  - 2352-5428
UR  - https://doi.org/10.2991/aebmr.k.200915.085
DO  - 10.2991/aebmr.k.200915.085
ID  - Rustam2020
ER  -