ABSTRAK

Lia H anisa Rahm aw ati, 2009. SKRIPSI. Ju d u l: Analisis Pengaru h Kebijakan Penu ru nan Tarif Bahan Bakar Minyak (BBM) Terhad ap H arga Saham Sektor Pertam bangan (Event Study Pad a Kebijakan Penu ru nan Bahan Bakar Minyak (BBM) Tanggal 15 Janu ari 2009) Pembimbing : Drs. Agus Sucipto., MM Kata Kunci : Panu ru nan H arga BBM, H arga Saham Pertam bangan, Event Study.

Pad a tanggal 15 Janu ari p em erintah m enetap kan harga BBM baru yaitu tu ru n Rp .500 m enjad i Rp .4500. Inform asi ini m eru p akan bagian p engu m u m an yang m em p engaru hi harga d ari seku ritas, yaitu p engu m u m n yang berkaitan d engan ad anya kebijakan p em erintah (Goverenment Related A nnouncement) yaitu ad anya p eratu ran p em erintah baru tentang p enu ru nan harga BBM. Penelitian ini bertu ju an m engetahu i p erbed aan harga saham p ertam bangan sebelu m p enu ru nan harga BBM, pada saat penurunan harga BBM, dan sesudah penurunan harga BBM. Pengu jian ini d ilaku kan d engan cara analisis d eskrip tif d an analisis statistik. Analisis d eskrip tif d engan cara one sample t-test, sed angakan analisis statistik m enggu nakan m etod e paired sample t-test dan anova, u ntu k m engu ji ap akah ad a p erbed aan harga saham p ertam bangan sebelu m p enu ru nan harga BBM d engan p ad a saat p enu ru nanharga BBM, p ad a saat p enu ru nan harga BBM d engan sesu d ah p enu ru nan harga BBM, dan antara ketiganya. Dari hasil analisis secara d eskrip tif, secara one sample T-test d engan level signifikain 5% m em p engaru hi secara signifikan terhad ap harga saham p ertam bangan. H al itu m eru p akan kabar bu ru k, sehingga terjadi transaksi yang cukup kecil pada perusahaan yang tergabung dalam sektor p ertam bangan d an m engakibatkan p enu ru nan harga saham yang cukup besar. Dengan metode Paired Sample t-tes terbukti secara signifikan, ad a p erbed aan harga saham p ertam bangan sebelu m p enu ru nan harga BBM d engan p ad a saat p enu ru nan harga BBM, d an sebaliknya tid ak ad a p erbed aan harga saham p ad a saat p enu ru nan harga BBM d engan sesu d ah p enu ru nan harga BBM. Sed angan d engan m eteod e anova d isim p u lkan bahw a tid ak ad a p erbed aan d iantara ke tiganya. H al ini karena inform asi yang terkand u ng d alam p enetap an tersebu t ku rang d ijad ikan p referensi oleh investor u ntu k m elaku kan investasi p ad a saham -saham sektor p ertam bangan d an investor lebih m em bu ru saham p etam bangan yang m asih tu ru n ini yang d iharap kan akan naik kem bali u ntu k m end ap atkan keuntungan (gain).

ABSTRACT Lia H anisa Rahm aw ati, 2009. TH ESIS. Title: the Analysis Effect Annou ncem ent Governm ent Declining of Petrol to Price of Mining (Event Study Announcement Declining of Petrol On January 15th 2009) Advisor : Drs. Agus Sucipto, MM Key Words : Declining Price of BBM, Share Price of Mining, Event Study.

On Janu ary 15th, governm ent ascertained the new p rice of BBM from Rp . 500 to Rp . 4500. this inform ation is a p art of annou ncem ent to influ ence p rice in secu rity. It m eans that, the annou ncem ent relates to governm ent cap ability (Governm ent Related Annou ncem ent). It is a new regu lation from governm ent. This exp erim ent aim s to know the d ifference of mining share price before and after declining price of BBM. The testing of cond u cted in d escrip tive analytical and statistical analytical. Descrip tive analytical u ses one of sam p le test w hile statistical analytical u ses p aired sam p le t-test m ethod and anova. They are u sed to know the existence in d ifferences betw een m ining share p rice before and after d eclining BBM s p rice and vise versa. The resu lt of d escrip tive analysis, in one sam p le T-test 5% significant level influ ences to the m ining share p rice significantly. It becom es the bad new s so it has sm all transaction in grou p ing in m ining sector company and result a big declining share price. According to paired sam p le t-test m ethod can be p roven significantly that p resenting in d ifferences of m ining share p rice before and after d eclining BBM s p rice. On the contrary, there is no d ifference share p rice betw een them . While the anova m ethod can be conclu d ed that there is no d ifference am ong them . This inform ation contest d ecision its self that it is less becom ing p reference by investors invest to the m ining sector shares and they are m ore p u rsu e then others, becau se they hop e to get m ore p rofit from the increasing share.

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