ANALISIS PENGARUH PENGUMUMAN KENAIKAN UANG MUKA KENDARAAN BERMOTOR TERHADAP KINERJA SAHAM PERUSAHAAN-PERUSAHAAN OTOMOTIF
This research is an event study that aims to discover empirical evidences on whetrher or not there is a reaction in automotive companies' stocks enlisted in the stock exchange due to one of the domestic occurences of the issuance of a new policy about down payment increase for Motorized Vehicle...
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Format: | Thesis |
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[Yogyakarta] : Universitas Gadjah Mada
2013
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author | , Julius Sunarko , Dr. Sumiyana, M.Si., Akt |
author_facet | , Julius Sunarko , Dr. Sumiyana, M.Si., Akt |
author_sort | , Julius Sunarko |
collection | UGM |
description | This research is an event study that aims to discover empirical evidences on whetrher or not there is a reaction in automotive companies' stocks enlisted in the stock exchange due to one of the domestic occurences of the issuance of a new policy about down payment increase for Motorized Vehicles Loan in the Bank of Indonesia External Decree Number 14/10/DPNP dated 15 March 2012 by using abnormal return indicator.
The population of this research are stocks in the automotive sector enlisted in the Jakarta Stock Exchange. The data used are secondary data in the form of daily stock prices and daily composite stock price index during a period of five days before, on the day, and five days after the event.
Statistical test used to test the hypothesis is t-test and paired t-test. The calculation result of the t-test shows that there is an abnormal return with a significant negative value in a couple of days around the event for Direct Effect stocks which indicates that the market perceive the event as a bad news. Meanwhile, the Indirect Effect stocks and composite stocks did not reveal any significant negative value in the abnormal return on the couple of days around the event date.
For the paired t-test calculation result on the Direct Effect stock, Indirect Effect stock, and composite stock, there is no significant difference between the average abnormal return during the period on-after, period before-on, and period before-after the event. |
first_indexed | 2024-03-13T23:11:10Z |
format | Thesis |
id | oai:generic.eprints.org:125599 |
institution | Universiti Gadjah Mada |
last_indexed | 2024-03-13T23:11:10Z |
publishDate | 2013 |
publisher | [Yogyakarta] : Universitas Gadjah Mada |
record_format | dspace |
spelling | oai:generic.eprints.org:1255992016-03-04T08:39:29Z https://repository.ugm.ac.id/125599/ ANALISIS PENGARUH PENGUMUMAN KENAIKAN UANG MUKA KENDARAAN BERMOTOR TERHADAP KINERJA SAHAM PERUSAHAAN-PERUSAHAAN OTOMOTIF , Julius Sunarko , Dr. Sumiyana, M.Si., Akt ETD This research is an event study that aims to discover empirical evidences on whetrher or not there is a reaction in automotive companies' stocks enlisted in the stock exchange due to one of the domestic occurences of the issuance of a new policy about down payment increase for Motorized Vehicles Loan in the Bank of Indonesia External Decree Number 14/10/DPNP dated 15 March 2012 by using abnormal return indicator. The population of this research are stocks in the automotive sector enlisted in the Jakarta Stock Exchange. The data used are secondary data in the form of daily stock prices and daily composite stock price index during a period of five days before, on the day, and five days after the event. Statistical test used to test the hypothesis is t-test and paired t-test. The calculation result of the t-test shows that there is an abnormal return with a significant negative value in a couple of days around the event for Direct Effect stocks which indicates that the market perceive the event as a bad news. Meanwhile, the Indirect Effect stocks and composite stocks did not reveal any significant negative value in the abnormal return on the couple of days around the event date. For the paired t-test calculation result on the Direct Effect stock, Indirect Effect stock, and composite stock, there is no significant difference between the average abnormal return during the period on-after, period before-on, and period before-after the event. [Yogyakarta] : Universitas Gadjah Mada 2013 Thesis NonPeerReviewed , Julius Sunarko and , Dr. Sumiyana, M.Si., Akt (2013) ANALISIS PENGARUH PENGUMUMAN KENAIKAN UANG MUKA KENDARAAN BERMOTOR TERHADAP KINERJA SAHAM PERUSAHAAN-PERUSAHAAN OTOMOTIF. UNSPECIFIED thesis, UNSPECIFIED. http://etd.ugm.ac.id/index.php?mod=penelitian_detail&sub=PenelitianDetail&act=view&typ=html&buku_id=65768 |
spellingShingle | ETD , Julius Sunarko , Dr. Sumiyana, M.Si., Akt ANALISIS PENGARUH PENGUMUMAN KENAIKAN UANG MUKA KENDARAAN BERMOTOR TERHADAP KINERJA SAHAM PERUSAHAAN-PERUSAHAAN OTOMOTIF |
title | ANALISIS PENGARUH PENGUMUMAN KENAIKAN UANG MUKA KENDARAAN BERMOTOR TERHADAP KINERJA SAHAM PERUSAHAAN-PERUSAHAAN OTOMOTIF |
title_full | ANALISIS PENGARUH PENGUMUMAN KENAIKAN UANG MUKA KENDARAAN BERMOTOR TERHADAP KINERJA SAHAM PERUSAHAAN-PERUSAHAAN OTOMOTIF |
title_fullStr | ANALISIS PENGARUH PENGUMUMAN KENAIKAN UANG MUKA KENDARAAN BERMOTOR TERHADAP KINERJA SAHAM PERUSAHAAN-PERUSAHAAN OTOMOTIF |
title_full_unstemmed | ANALISIS PENGARUH PENGUMUMAN KENAIKAN UANG MUKA KENDARAAN BERMOTOR TERHADAP KINERJA SAHAM PERUSAHAAN-PERUSAHAAN OTOMOTIF |
title_short | ANALISIS PENGARUH PENGUMUMAN KENAIKAN UANG MUKA KENDARAAN BERMOTOR TERHADAP KINERJA SAHAM PERUSAHAAN-PERUSAHAAN OTOMOTIF |
title_sort | analisis pengaruh pengumuman kenaikan uang muka kendaraan bermotor terhadap kinerja saham perusahaan perusahaan otomotif |
topic | ETD |
work_keys_str_mv | AT juliussunarko analisispengaruhpengumumankenaikanuangmukakendaraanbermotorterhadapkinerjasahamperusahaanperusahaanotomotif AT drsumiyanamsiakt analisispengaruhpengumumankenaikanuangmukakendaraanbermotorterhadapkinerjasahamperusahaanperusahaanotomotif |