The Impact of Corruption News of Soe Officials on Abnormal Return

DOI

10.2991/978-94-6463-244-6_12How to use a DOI?

Keywords

corruption; abnormal return; state-owned enterprises; event study

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.

Copyright

© 2024 The Author(s)

Open Access

Open Access This chapter is licensed under the terms of the Creative Commons Attribution-NonCommercial 4.0 International License (http://creativecommons.org/licenses/by-nc/4.0/), which permits any noncommercial use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license and indicate if changes were made.

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TY  - CONF
AU  - Nabila Ramadhani
AU  - Putu Anom Mahadwartha
AU  - Endang Ernawati
PY  - 2023
DA  - 2023/09/30
TI  - The Impact of Corruption News of Soe Officials on Abnormal Return
BT  - Proceedings of the 20th International Symposium on Management (INSYMA 2023)
PB  - Atlantis Press
SP  - 62
EP  - 67
SN  - 2352-5428
UR  - https://doi.org/10.2991/978-94-6463-244-6_12
DO  - 10.2991/978-94-6463-244-6_12
ID  - Ramadhani2023
ER  -