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Abstract

Purpose: Revealing the market reaction that has an impact on the stimulus in the form of MUI's fatwa on the appeal not to use Israeli-affiliated products released in November 2023.


Method: Quantitative method of case study approach. Using statistical analysis of 14 samples of companies listed on the IDX. Data obtained from the IDX and Yahoo Finance pages.


Results: Shows that there is no AR and no significant difference during the event period studied. TVA shows significant statistical analysis results.


Novelty: Contribution: The novelty of our research lies in the current issue raised, which is related to the announcement of MUI fatwa no. 83 of 2023 concerning the appeal not to use products affiliated with Israel.

Keywords

Market Reacton Abnormal Return Trading Volume Activity

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Copyright (c) 2024 Zakir Gunibala, Andini Renuat, Sukmawati Indah Dzikriah

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This work is licensed under a Creative Commons Attribution-ShareAlike 4.0 International License.

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