DAMPAK PENGUMUMAN BOND RATING TERHADAP RETURN SAHAM (Studi Empiris Pada Perusahaan Manufaktur di Bursa Efek Indonesia)

Dinawati, Vika Fara (2009) DAMPAK PENGUMUMAN BOND RATING TERHADAP RETURN SAHAM (Studi Empiris Pada Perusahaan Manufaktur di Bursa Efek Indonesia). Other thesis, University of Muhammadiyah Malang.

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Abstract

Effective capital market is a caapital market which has relevant informations about its sekuritas cost. The informations that published could cause a reaction from financial market in deciding a decision. One of the informations that published is accountancy information that got from bond rating announcement. The aim of this research is to know significant differences between return average before, at the moment, and after bond rating was announcement in Manufacture company on Indinesia Stock Exchange (BEI). The population of this research are Manufacture companies that registered in Indonesia Stock Exchange (BEI) and announce its bond rating for 2003-2006 period. The data was collected from daily return saham from BEI, and the announcement of bond rating by PEFINDO company (Indonesia Bond Rating). The analysis of the data was done by using Paired Sample T – Test and One Way ANOVA. The resulit of this research shows that (1) The average return at the moment of bond rating announcement was less than the average return stock before bond rating was announced, and there is no significant differences. (2) The average return at the moment of the bond rating announcement was less than the average return after bond rating was announced and there is no significant differences. (3) There is no significant differences between the average return of portion return before, at the moment, and after the announcement of bond rating.

Item Type: Thesis (Other)
Subjects: H Social Sciences > HB Economic Theory
Divisions: Faculty of Economic > Department of Accounting
Depositing User: Anwar Jasin
Date Deposited: 05 Apr 2012 04:21
Last Modified: 05 Apr 2012 04:21
URI: http://eprints.umm.ac.id/id/eprint/1904

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