Is Indonesia Stock Exchange Semi-Strong Form Efficiency?

Nelmida, Nelmida (2020) Is Indonesia Stock Exchange Semi-Strong Form Efficiency? Jurnal Manajemen UNTAR, 24 (2). pp. 313-341. ISSN 549-8797

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Official URL: http://www.journal.untar.ac.id/index.php/manajemen

Abstract

Abstract: This study aims to analyze the effect of the announcement of warrant listing on the stock price movement on the Indonesia Stock Exchange (IDX). The data used in this study is secondary data on companies that warrant listing from 2011 to 2018. The number of samples used is 10 with a purposive sampling technique. The analysis technique used in this study is the study of events, by using ten windows before and after the warrant listing. To prove the hypothesis proposed by conducting a t-statistic test. Based on the results of the analysis it was found that there were significant differences an abnormal returns and cumulative abnormal returns before and after the announcement date of the warrant listing on the Indonesia Stock Exchange, and it could be indicated that the Indonesia Stock Exchange was called the semi-strong form efficiency.

Item Type: Article
Uncontrolled Keywords: Abnormal Return, Cumulative Abnormal Return, Warrant, and Indonesia Stock Exchange
Subjects: H Social Sciences > HG Finance
Divisions: Library of Congress Subject Areas > KODEPRODI61101#MagisterManajemen
KODEPRODI61101#MagisterManajemen
Depositing User: Mrs. Nelmida Nelmida
Date Deposited: 01 Nov 2020 05:39
Last Modified: 01 Nov 2020 05:39
URI: http://repository.ibs.ac.id/id/eprint/1452

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