Pengaruh Pengajuan Kebangkrutan Lehman Brothers Kepada United States Bankrupty Court terhadap Pasar Modal Indonesia
The purpose of this study is to determine whether there is a negative reaction to the Indonesian capital market to the events of the bankruptcy filing of Lehman Brothers to the United States Bankruptcy Court on September 15, 2008. In addition, this study also aimed to determine whether there is a di...
| Main Authors: | , |
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| Format: | Thesis |
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[Yogyakarta] : Universitas Gadjah Mada
2012
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| _version_ | 1797032357246533632 |
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| author | , Novita Kristiana Hutabarat , Prof. Dr. Jogiyanto Hartono M, M.B.A. |
| author_facet | , Novita Kristiana Hutabarat , Prof. Dr. Jogiyanto Hartono M, M.B.A. |
| author_sort | , Novita Kristiana Hutabarat |
| collection | UGM |
| description | The purpose of this study is to determine whether there is a negative reaction
to the Indonesian capital market to the events of the bankruptcy filing of Lehman
Brothers to the United States Bankruptcy Court on September 15, 2008. In addition,
this study also aimed to determine whether there is a difference between the market
reaction before and after the event date. Lehman Brothers bankruptcy is the most
significant instability during the global crisis. Significant decrease in the price index
occurred in all of the stock exchange in 2008. This caused panic in the stock market
that occurred not only in the United States, but also worldwide.
By using purposive sampling method, there are 28 companies listed in the
LQ-45 index were tested. This study was conducted using an event study with market
model. The period of observation in this study is 107 trading days, i.e. 100 days for
the estimation period, 7 days for the window period. Market reaction in this study is
showed by negative average abnormal return (AAR) on the event date. Wilcoxon
matched-paired signed-ranks test is used to see the difference of the average
abnormal return before and after the event date.
The results of hypothesis testing I show that there is a negative reaction to the
Indonesian capital market with a significant negative AAR at the time of the
bankruptcy filing of Lehman Brothers into the United States Bankruptcy Court on
September 15, 2008. The results of hypothesis testing II show that there was no
significant difference in average abnormal return before and after the event date. |
| first_indexed | 2024-03-13T22:37:08Z |
| format | Thesis |
| id | oai:generic.eprints.org:98796 |
| institution | Universiti Gadjah Mada |
| last_indexed | 2024-03-13T22:37:08Z |
| publishDate | 2012 |
| publisher | [Yogyakarta] : Universitas Gadjah Mada |
| record_format | dspace |
| spelling | oai:generic.eprints.org:987962016-03-04T08:48:05Z https://repository.ugm.ac.id/98796/ Pengaruh Pengajuan Kebangkrutan Lehman Brothers Kepada United States Bankrupty Court terhadap Pasar Modal Indonesia , Novita Kristiana Hutabarat , Prof. Dr. Jogiyanto Hartono M, M.B.A. ETD The purpose of this study is to determine whether there is a negative reaction to the Indonesian capital market to the events of the bankruptcy filing of Lehman Brothers to the United States Bankruptcy Court on September 15, 2008. In addition, this study also aimed to determine whether there is a difference between the market reaction before and after the event date. Lehman Brothers bankruptcy is the most significant instability during the global crisis. Significant decrease in the price index occurred in all of the stock exchange in 2008. This caused panic in the stock market that occurred not only in the United States, but also worldwide. By using purposive sampling method, there are 28 companies listed in the LQ-45 index were tested. This study was conducted using an event study with market model. The period of observation in this study is 107 trading days, i.e. 100 days for the estimation period, 7 days for the window period. Market reaction in this study is showed by negative average abnormal return (AAR) on the event date. Wilcoxon matched-paired signed-ranks test is used to see the difference of the average abnormal return before and after the event date. The results of hypothesis testing I show that there is a negative reaction to the Indonesian capital market with a significant negative AAR at the time of the bankruptcy filing of Lehman Brothers into the United States Bankruptcy Court on September 15, 2008. The results of hypothesis testing II show that there was no significant difference in average abnormal return before and after the event date. [Yogyakarta] : Universitas Gadjah Mada 2012 Thesis NonPeerReviewed , Novita Kristiana Hutabarat and , Prof. Dr. Jogiyanto Hartono M, M.B.A. (2012) Pengaruh Pengajuan Kebangkrutan Lehman Brothers Kepada United States Bankrupty Court terhadap Pasar Modal Indonesia. UNSPECIFIED thesis, UNSPECIFIED. http://etd.ugm.ac.id/index.php?mod=penelitian_detail&sub=PenelitianDetail&act=view&typ=html&buku_id=55028 |
| spellingShingle | ETD , Novita Kristiana Hutabarat , Prof. Dr. Jogiyanto Hartono M, M.B.A. Pengaruh Pengajuan Kebangkrutan Lehman Brothers Kepada United States Bankrupty Court terhadap Pasar Modal Indonesia |
| title | Pengaruh Pengajuan Kebangkrutan Lehman Brothers Kepada United States Bankrupty Court terhadap Pasar Modal Indonesia |
| title_full | Pengaruh Pengajuan Kebangkrutan Lehman Brothers Kepada United States Bankrupty Court terhadap Pasar Modal Indonesia |
| title_fullStr | Pengaruh Pengajuan Kebangkrutan Lehman Brothers Kepada United States Bankrupty Court terhadap Pasar Modal Indonesia |
| title_full_unstemmed | Pengaruh Pengajuan Kebangkrutan Lehman Brothers Kepada United States Bankrupty Court terhadap Pasar Modal Indonesia |
| title_short | Pengaruh Pengajuan Kebangkrutan Lehman Brothers Kepada United States Bankrupty Court terhadap Pasar Modal Indonesia |
| title_sort | pengaruh pengajuan kebangkrutan lehman brothers kepada united states bankrupty court terhadap pasar modal indonesia |
| topic | ETD |
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