Abstract:
The purpose of this study was to determine investor behavior one month before the
announcement of the financial statements, ahead of the announcement of the
financial statements, and one month later after the announcement of the financial
statements. The population used in this study is companies listed on the Indonesia
Stock Exchange in the Infrastructure, Utilities and Transportation sectors in 2016-
2019 with a sample of 10 companies chosen randomly. The type of data used is
secondary data analyzing quarterly finance from 2016-2019 quarter 2. This
research method uses descriptive quantitative method with multiple linear
regression research techniques. From the results of this study it can be concluded
that the announcement or publication of financial statements affects the change in
transaction volume with changes in transaction volume, thus describing the
behavior of an investor where the announcement of financial statements has no
significant effect on transaction volume. thus showing that investors rationally
behave in making decisions and analyzing all information obtained not only based
on financial statements but from other factors. And the financial report The variable
that has a significant effect on volume is the Debt Equity Ratio.
