KONSISTENSI REAKSI PASAR MODAL INDONESIA TERHADAP PENERBITAN INDEKS SRI-KEHATI

The objective of this research was described Indonesian capital market reaction to the publication of the SRI - KEHATI Index during 2009 until 2013 (nine periods) . The re­sults showed that the Indonesian capital market did not react to the SRI -KEHATI In­dex while measured using abnormal return, and these results were consistent for nine pe­riods. However, different re ­ sult occurred when it measured by trading volume acti­vi­ty , there was a mar­ket reac ­ tion in period 4, 6, dan 7, but there was no market reaction in period 1, 2, 3, 5, 8, and 9, it meant that the market reaction didn’t consistent .