Analisis Efisiensi Pasar Modal “Semistrong Form Tests” dengan adanya pengumuman “Right Issue” di Bursa Efek Jakarta
Abstract
The objective of this study is to find whether Indonesian stock market is a semistrong efficient market. This study use 10 listed public companies in Jakarta Stock Exchange and performed right issue in 2003. The study found there was a significantly difference between stock price at stock exchange and theoretical price before and after ex right date. This study also reveal that abnormal return before and after ex right date does not have a significant different.
Keywords
Full Text:
Download ArticleReferences
Charles P. Jones, Investment Analysis and Management, 6th edition, John Willey and Sons, Inc, New York.
Elton, J.Edwin dan J.Martin Gruber (1995), Modern Portfolio Theory and Investment Analysis, John Willey & Sons,Inc., New York.
Francis, Jack Clark (1983), Management of Invesment, Second Edition, Mc Graw-Hill Company, Singapore
Frank J.Fabozzi (1995), Investment Management, Prentice Hall, Inc, New Jersey
Gitman, Lawrence J, dan Johnik, Michael D. (1990), Fundamental of Investing, Harper dan Row Publisher Inc, New York.
Hanafi, Mamduh M, Husnan, Suad dan Amin Wibowo (1996) “Dampak pengumuman laporan keuangan terhadap kegiatan perdagangan saham dan variabilitas tingkat keuntungan”, Kelola No.II/V/1996, Jakarta.
Husnan, Suad (1993), Dasar-dasar Teori Portofolio dan Analisis Sekuritas, UPP AMP YKPN, Yogyakarta .
Jogiyanto, HM (1998), Teori Portofolio dan Analisis Investasi, BPFE Yogyakarta
Komaruddin, Susiyanti, (1998), Analisis Perilaku Harga Saham saat Right Issue di BEJ, Papaer - MM Usahid, Jakarta.
Sharpe, William F., Gordon J.Alexander and Van Bailey (1995), Investments, Prentice Hall, New York.
Refbacks
- There are currently no refbacks.
Office:
Ruang Jurnal Fakultas Ekonomi dan Bisnis UMY
Gedung Ki Bagus Hadikusuma (E4) Lantai 2, Kampus Terpadu Universitas Muhammadiyah Yogyakarta,
Jalan Brawijaya (Lingkar Selatan), Tamantirto, Kasihan, Bantul, Daerah Istimewa Yogyakarta, Indonesia, 55183
Website: journal.umy.ac.id/index.php/ai - E-mail: jai@umy.ac.id
Journal of Accounting and Investment is licensed under Creative Commons Attribution Attribution-NonCommercial-NoDerivatives 4.0 International License
View My Stats