Reaksi Pasar terhadap Pengumuman Penawaran Saham Terbatas di Indonesia
The right issue announcement may lead the market to react and affect the stock performance. This study aims to analyze the effect of the right issue on the abnormal return. This research uses a sample of 18 firms listed in the Indonesia Stock Exchange from 2014 to 2016. This study employs one sample...
| Main Authors: | , |
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| Format: | Article |
| Language: | English |
| Published: |
Universitas Islam Negeri Syarif Hidayatullah Jakarta
2019-12-01
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| Series: | Esensi: Jurnal Bisnis dan Manajemen |
| Subjects: | |
| Online Access: | http://journal.uinjkt.ac.id/index.php/esensi/article/view/8080 |
| _version_ | 1818863982666055680 |
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| author | Bambang Sutrisno Andry Priharta |
| author_facet | Bambang Sutrisno Andry Priharta |
| author_sort | Bambang Sutrisno |
| collection | DOAJ |
| description | The right issue announcement may lead the market to react and affect the stock performance. This study aims to analyze the effect of the right issue on the abnormal return. This research uses a sample of 18 firms listed in the Indonesia Stock Exchange from 2014 to 2016. This study employs one sample t test and wilcoxon test. The results show that there is no abnormal return in the days surrounding right issue announcement. The results also find that there is no difference in abnormal return between after and before the right issue announcement. This research implies that the existing stockholders and investors need to consider carefully before deciding to invest in go public companies do the right issue. |
| first_indexed | 2024-12-19T10:24:25Z |
| format | Article |
| id | doaj.art-1341a0a8c2194e0783e5728895b947fa |
| institution | Directory Open Access Journal |
| issn | 2087-2038 2461-1182 |
| language | English |
| last_indexed | 2024-12-19T10:24:25Z |
| publishDate | 2019-12-01 |
| publisher | Universitas Islam Negeri Syarif Hidayatullah Jakarta |
| record_format | Article |
| series | Esensi: Jurnal Bisnis dan Manajemen |
| spelling | doaj.art-1341a0a8c2194e0783e5728895b947fa2022-12-21T20:25:56ZengUniversitas Islam Negeri Syarif Hidayatullah JakartaEsensi: Jurnal Bisnis dan Manajemen2087-20382461-11822019-12-019220120810.15408/ess.v9i2.80806177Reaksi Pasar terhadap Pengumuman Penawaran Saham Terbatas di IndonesiaBambang Sutrisno0Andry Priharta1Universitas Muhammadiyah JakartaUniversitas Muhammadiyah JakartaThe right issue announcement may lead the market to react and affect the stock performance. This study aims to analyze the effect of the right issue on the abnormal return. This research uses a sample of 18 firms listed in the Indonesia Stock Exchange from 2014 to 2016. This study employs one sample t test and wilcoxon test. The results show that there is no abnormal return in the days surrounding right issue announcement. The results also find that there is no difference in abnormal return between after and before the right issue announcement. This research implies that the existing stockholders and investors need to consider carefully before deciding to invest in go public companies do the right issue.http://journal.uinjkt.ac.id/index.php/esensi/article/view/8080right issueabnormal returnevent studynon-parametric test |
| spellingShingle | Bambang Sutrisno Andry Priharta Reaksi Pasar terhadap Pengumuman Penawaran Saham Terbatas di Indonesia Esensi: Jurnal Bisnis dan Manajemen right issue abnormal return event study non-parametric test |
| title | Reaksi Pasar terhadap Pengumuman Penawaran Saham Terbatas di Indonesia |
| title_full | Reaksi Pasar terhadap Pengumuman Penawaran Saham Terbatas di Indonesia |
| title_fullStr | Reaksi Pasar terhadap Pengumuman Penawaran Saham Terbatas di Indonesia |
| title_full_unstemmed | Reaksi Pasar terhadap Pengumuman Penawaran Saham Terbatas di Indonesia |
| title_short | Reaksi Pasar terhadap Pengumuman Penawaran Saham Terbatas di Indonesia |
| title_sort | reaksi pasar terhadap pengumuman penawaran saham terbatas di indonesia |
| topic | right issue abnormal return event study non-parametric test |
| url | http://journal.uinjkt.ac.id/index.php/esensi/article/view/8080 |
| work_keys_str_mv | AT bambangsutrisno reaksipasarterhadappengumumanpenawaransahamterbatasdiindonesia AT andrypriharta reaksipasarterhadappengumumanpenawaransahamterbatasdiindonesia |