REAKSI PASAR TERHADAP PENGUMUMAN EMPLOYEE STOCK OWNERSHIP PROGRAM
In Indonesia, the increasing of Employee Stock Ownership Program (ESOP) was relative known new, so itneeded any evidence for the market reaction in Indonesia stock exchange. From the latest problem, the purposeof this research was to know how the market reaction for the announcement of ESOP in Indon...
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| Format: | Article |
| Language: | English |
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Universitas Merdeka Malang
2017-03-01
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| Series: | Jurnal Keuangan dan Perbankan |
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| Online Access: | http://jurnal.unmer.ac.id/index.php/jkdp/article/view/1048 |
| _version_ | 1818543663062450176 |
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| author | Christian Herdinata |
| author_facet | Christian Herdinata |
| author_sort | Christian Herdinata |
| collection | DOAJ |
| description | In Indonesia, the increasing of Employee Stock Ownership Program (ESOP) was relative known new, so itneeded any evidence for the market reaction in Indonesia stock exchange. From the latest problem, the purposeof this research was to know how the market reaction for the announcement of ESOP in Indonesia StockExchange. Samples on this research were the companies which were listed in BEI that had announced ESOP forperiod January 1st, 2000 – December 31st, 2010. Analysis technique on hypotesis test related with marketreaction for ESOP announcement was done by event study to calculate abnormal return. Research resultshowed that market tended to ignore ESOP announcement. And it meant that ESOP announcement was notconsidered as a signaling, which gave a good information for the investor in Indonesia to achieve profit. |
| first_indexed | 2024-12-11T22:38:21Z |
| format | Article |
| id | doaj.art-1b8b4805a46544e7a2915838314563ea |
| institution | Directory Open Access Journal |
| issn | 1410-8089 2443-2687 |
| language | English |
| last_indexed | 2024-12-11T22:38:21Z |
| publishDate | 2017-03-01 |
| publisher | Universitas Merdeka Malang |
| record_format | Article |
| series | Jurnal Keuangan dan Perbankan |
| spelling | doaj.art-1b8b4805a46544e7a2915838314563ea2022-12-22T00:47:52ZengUniversitas Merdeka MalangJurnal Keuangan dan Perbankan1410-80892443-26872017-03-01161763REAKSI PASAR TERHADAP PENGUMUMAN EMPLOYEE STOCK OWNERSHIP PROGRAMChristian Herdinata0Fakultas Ekonomi Jurusan International Business Management Universitas Ciputra Surabaya Jl. Waterpark, Boulevard Citra Land, Surabaya, 60216.In Indonesia, the increasing of Employee Stock Ownership Program (ESOP) was relative known new, so itneeded any evidence for the market reaction in Indonesia stock exchange. From the latest problem, the purposeof this research was to know how the market reaction for the announcement of ESOP in Indonesia StockExchange. Samples on this research were the companies which were listed in BEI that had announced ESOP forperiod January 1st, 2000 – December 31st, 2010. Analysis technique on hypotesis test related with marketreaction for ESOP announcement was done by event study to calculate abnormal return. Research resultshowed that market tended to ignore ESOP announcement. And it meant that ESOP announcement was notconsidered as a signaling, which gave a good information for the investor in Indonesia to achieve profit.http://jurnal.unmer.ac.id/index.php/jkdp/article/view/1048ESOP (Employee Stock Ownership Program), marker reaction, signaling hypothesis, event study. |
| spellingShingle | Christian Herdinata REAKSI PASAR TERHADAP PENGUMUMAN EMPLOYEE STOCK OWNERSHIP PROGRAM Jurnal Keuangan dan Perbankan ESOP (Employee Stock Ownership Program), marker reaction, signaling hypothesis, event study. |
| title | REAKSI PASAR TERHADAP PENGUMUMAN EMPLOYEE STOCK OWNERSHIP PROGRAM |
| title_full | REAKSI PASAR TERHADAP PENGUMUMAN EMPLOYEE STOCK OWNERSHIP PROGRAM |
| title_fullStr | REAKSI PASAR TERHADAP PENGUMUMAN EMPLOYEE STOCK OWNERSHIP PROGRAM |
| title_full_unstemmed | REAKSI PASAR TERHADAP PENGUMUMAN EMPLOYEE STOCK OWNERSHIP PROGRAM |
| title_short | REAKSI PASAR TERHADAP PENGUMUMAN EMPLOYEE STOCK OWNERSHIP PROGRAM |
| title_sort | reaksi pasar terhadap pengumuman employee stock ownership program |
| topic | ESOP (Employee Stock Ownership Program), marker reaction, signaling hypothesis, event study. |
| url | http://jurnal.unmer.ac.id/index.php/jkdp/article/view/1048 |
| work_keys_str_mv | AT christianherdinata reaksipasarterhadappengumumanemployeestockownershipprogram |