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REAKSI PASAR MODAL TERHADAP PERUSAHAAN-PERUSAHAAN YANG MELAKUKAN INITIAL PUBLIC OFFERING (IPO) TAHUN 2011-2013 DI BURSA EFEK INDONESIA

Choiruni’mah, Lia (2015) REAKSI PASAR MODAL TERHADAP PERUSAHAAN-PERUSAHAAN YANG MELAKUKAN INITIAL PUBLIC OFFERING (IPO) TAHUN 2011-2013 DI BURSA EFEK INDONESIA. Other thesis, Universitiy of Muhammadiyah Malang.

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Abstract

This study aims to identify and analyze the reaction of the capital market views of abnormal return during and after the company made an IPO in 2011-2013, as well as identify and analyze the reaction of the stock market trading volume seen from the difference in activity during and after the company made an IPO in 2011-2013.The method used in this research is descriptive analysis, namely by collecting data and describing data. Capital market analysis stage reaction used is event study to explain the capital market reaction seen from the abnormal return during and after the company IPO, and the difference in trading volume activity during and after the company made an IPO in 2011-2013 in Indonesia Stock Exchange. The results showed that there were significant abnormal return is positive and only on the third day after the IPO during the 6-day window period, This is due to the economic crisis, slow economic growth and inflation that occurred in the study period 2011-2013, namely that causing abnormal return is positive but not significant. Trading volume during the IPO activity showed higher numbers than after IPO. this shows that the event has an impact on the IPO market, which means the market considers that the IPO announcement contains useful information for making investment decisions.

Item Type: Thesis (Other)
Subjects: H Social Sciences > HB Economic Theory
H Social Sciences > HG Finance
Divisions: Faculty of Economics > Department of Management (61201)
Depositing User: Fitri Ramandhany
Date Deposited: 22 Mar 2016 07:15
Last Modified: 22 Mar 2016 07:15
URI : http://eprints.umm.ac.id/id/eprint/21418

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