EFEK PEMILIHAN KEPALA DAERAH SERENTAK PERIODE 9 DESEMBER 2015 DAN PERIODE 15 FEBRUARI 2017 TERHADAP ABNORMAL RETURN DAN TRADING VOLUME ACTIVITY (STUDI KASUS PADA SAHAM SYARIAH YANG TERDAFTAR DI JAKARTA ISLAMIC INDEX)

This is a research study to find out the event influence national political activities against the stock market. This research aims to know the influence of the events of the Unison Election Districts in 2015 and 2017 to different in average abnormal return and the average volume of trading activity in shares of the Jakarta Islamic Index (JII). This research is event study with market adjusted model method to calculate the different in average abnormal return and average trading volume of activity. The data used are secondary data is data associated with a Indonesia Stock Exchange (IDX), the daily closing price of the shares, and the daily volume of stock trading by using 26 samples of companies listed on the JII. The results of this study show that in two periods of Unison District Elections there is no different in average abnormal return significantly. Furthermore, there is a change in average trading volume activity is a significant on Unison District Elections 2015, but in 2017 no different in average trading volume activity significantl