DAMPAK PENGUMUMAN KENAIKAN HARGA BAHAN BAKAR MINYAK (BBM) TERHADAP ABNORMAL RETURN (Study Pada Saham LQ 45)

Rahayu, Sri (2008) DAMPAK PENGUMUMAN KENAIKAN HARGA BAHAN BAKAR MINYAK (BBM) TERHADAP ABNORMAL RETURN (Study Pada Saham LQ 45). Other thesis, University of Muhammadiyah Malang.

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Abstract

This research was an event study about “The Effect of Crude Oil Announcement at March 1st 2005”. Case study at Manufacture Company which grouped in LQ45. The research aimed to identify how the capital market reaction to the increasing of crude oil price, whether there were any different at Average Abnormal Return (AAR) and Cumulative Average Abnormal Return (CAAR) before crude oil increasing price and after crude oil increasing price. Hypothesis stated were whether any different of Average Abnormal Return before and after crude oil increasing price event, there also with Cumulative Average Abnormal Return (CAAR), were there any different between before and after Crude Oil increasing price. Data analysis technique used was Abnormal Return and hypothesis test, that was differential test using WILCOXON. Sampling used purposive sampling method and samples taken were 14 organization. Analysis used SPSS for Windows version 14.00 which showed Z AAR 0.507 with Asym sig (2-tailed) 0.612 and Z CAAR -2.366 with Asym.sig.(2-tailed) 0.018. So that for AAR hypothesis Ho1 was accepted and Ha1 was rejected. But in CAAR calculation, there concluded that Ho2 was rejected and Ha2 was accepted. It means that there was significant different between CAAR before and after crude oil price increasing at March 1st 2005 so that the second hypothesis in this research was accepted.

Item Type: Thesis (Other)
Subjects: H Social Sciences > HB Economic Theory
Divisions: Faculty of Economic > Department of Accounting
Depositing User: Anggit Aldila
Date Deposited: 13 Jun 2012 02:56
Last Modified: 13 Jun 2012 02:56
URI: http://eprints.umm.ac.id/id/eprint/7484

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