Iskandar, Dody Rahman (2024) A Comparative Study of Food & Beverage Company Stock Prices Before and After the Victory of Prabowo-Gibran. Masters thesis, Universitas Tarumanagara.
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Dody Rahman Iskandar 126232098 JA.pdf Download (302kB) |
Abstract
Abstract. This study aims to analyze the difference in stock prices of companies in the Food & Beverage (F&B) sector on the Indonesia Stock Exchange (IDX) before and after the victory of the Prabowo Subianto and Gibran Rakabuming Raka pair in the 2024 Election. The main focus of this study is on companies related to food and dairy products, in line with the Prabowo-Gibran policy which promises to provide free lunches and milk in schools, Islamic boarding schools, and nutritional assistance for toddlers and pregnant women. This policy is expected to increase demand for healthy food and dairy products, which can have an impact on the performance of companies in this sector. The study uses monthly stock price data from several companies that are closely related to the policy, such as PT. Indofood CBP Sukses Makmur Tbk (ICBP), PT. Ultrajaya Milk Industry Tbk (ULTJ), PT. Garudafood Putra Putri Jaya Tbk (GOOD), PT. Indofood Sukses Makmur Tbk (INDF), and PT. Tiga Pilar Sejahtera Food Tbk (AISA). These companies are related to the production of healthy food, milk, and processed products that can support the free lunch policy program and improve nutrition. The data was taken for a period of 5 months before and 5 months after the announcement. The results show that the difference in stock prices of food and beverage companies before and after Prabowo-Gibran's victory, different companies are affected differently by political developments. Significant increases and decreases in stock prices were observed for PT. Ultrajaya Milk Industry Tbk (ULTJ), PT. Garudafood Putra Putri Jaya Tbk (GOOD), and PT. Tiga Pilar Sejahtera Food Tbk (AISA), indicating that the market reaction to Prabowo-Gibran's victory had a greater impact on these three companies. However, no difference was seen between PT. Indofood CBP Sukses Makmur Tbk (ICBP) and PT. Indofood Sukses Makmur Tbk (INDF), indicating that the market may perceive these two businesses as more stable and less vulnerable to to short-term political changes. Keywords: Difference Test, Stock Price, Food & Beverage Company, Prabowo-Gibran Victory.
| Item Type: | Thesis (Masters) |
|---|---|
| Subjects: | Skripsi/Tugas Akhir Skripsi/Tugas Akhir > Fakultas Ekonomi |
| Divisions: | Fakultas Ekonomi > Akuntansi |
| Depositing User: | FE Perpus |
| Date Deposited: | 05 May 2025 06:46 |
| Last Modified: | 05 May 2025 06:46 |
| URI: | http://repository.untar.ac.id/id/eprint/46536 |
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