ANALISIS REAKSI PASAR SEBELUM DAN SESUDAH PUBLIKASI LAPORAN KEUANGAN(Study Empiris Pada Perusahaan LQ45 Yang Terdaftar Di Bursa EfekIndonesia)

Astuti, Novi Fitria (2009) ANALISIS REAKSI PASAR SEBELUM DAN SESUDAH PUBLIKASI LAPORAN KEUANGAN(Study Empiris Pada Perusahaan LQ45 Yang Terdaftar Di Bursa EfekIndonesia). Other thesis, University of Muhammadiyah Malang.

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Abstract

The research was an event study to LQ-45 at 2007. The research titled: "Market Reaction Analysis Before and After Financial Report Publication (Empirical Study to LQ-45 companies listed in Indonesia Stock Exchange) The research aimed to find out the difference of stock trading volume between before and after financial report publication. The published financial report would give information to the investors. A financial report could be said to have information contain when the publication caused market reaction. The market reaction could be seen from the volume change of stock trading. There were six phase to find out the volume difference of stock trading. First, identifying researched event. Second, identifying monitoring period. The third, identifying Trading Volume (TVA). Fourth, determining Average Trading Volume (ATVA). Fifth, comparing the result - before and after financial report publication. Sixth, testing by statistic, they were normality and paired sample t¬- test (if the result normal) or Wilcoxon (when the result abnormal). The research found normal distributed data so that it used paired sample t-test. From the test there found that p-value > a. That was 0,462 > 0,05 means that there was no significant different between before and after financial report publication. It could be said that published financial report didn't use by the investor to make investment decision.

Item Type: Thesis (Other)
Subjects: L Education > L Education (General)
Divisions: Faculty of Economic > Department of Accounting
Depositing User: Anwar Jasin
Date Deposited: 20 Mar 2012 13:08
Last Modified: 20 Mar 2012 13:08
URI: http://eprints.umm.ac.id/id/eprint/641

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