ANALISIS GEJOLAK HARGA ANTARA OBLIGASI BANK BUMN DENGAN OBLIGASI BANK SWASTA NASIONAL YANG DIPERDAGANGKAN DI BURSA EFEK INDONESIA

Istantri, Ifo Erfina Dya (2008) ANALISIS GEJOLAK HARGA ANTARA OBLIGASI BANK BUMN DENGAN OBLIGASI BANK SWASTA NASIONAL YANG DIPERDAGANGKAN DI BURSA EFEK INDONESIA. Other thesis, University of Muhammadiyah Malang.

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Abstract

This research is aimed to know that Bond of BUMN Bank has higher price volatility more than Bond of National Private Bank. The population in this research 10 bond of BUMN Bank and 4 Bond of National Private Bank which were registered in Indonesian Stock Exchange in the year 2003 and 2004. Taking research sample uses purposive sampling. Research sample are 2 bond of BUMN Bank and 2 Bond of National Private Bank which have filled some certain criterias. Data analysis which is used is duration method to know the change of bond. Price if the result realizes change between Bond of BUMN Bank and Bond of National Private Bank. The research result in known that Macaulay Duration level or Modified Duration BUMN Bank shows higher volatility change than bond of National Private Bank. Its mean that, volatility price Bond of BUMN Bank has higher price than Bond of National Private Bank Based on the result of data analysis, it is got a result that bond of BUMN Bank has higher price volatility more than Bond of National Private Bank during periode the year 2004 until 2007, which is measured with Macaulay Duration and Modified Duration level. The guerage of Macaulay Duration, bond of BUMN bank during periode 2004-2007 is 5,904626029 years. Beside, the average Macaulay Duration, Bond of National Private Bank during periode 2004-2007 is 5,61608461 years. The average value Modification Duration bond of BUMN bank during periode 2004-2007 higher than average value modification duration bond of National Private Bank, which is like average value Macaulay Duration is 5,464302294 years. Besides, the average value modification Duration Bond of NationalPrivate Bank during 2004-2007 is 5,237896132 years. The research is know that, the Macaulay Duration Level or Modified level bond of BUMN Bank shows the change of volatility. Which is higher than Bond of National Private Bank. This can be known by the average value of Macaulay Duration and Modified Duration during 2004 until 2007. this shows that, Bond of BUMN Bank has higher price volatility than Bond of National Private Bank.

Item Type: Thesis (Other)
Subjects: H Social Sciences > H Social Sciences (General)
Divisions: Faculty of Economic > Department of Management
Depositing User: Anggit Aldila
Date Deposited: 23 Apr 2012 03:50
Last Modified: 23 Apr 2012 03:50
URI: http://eprints.umm.ac.id/id/eprint/2688

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