REAKSI PASAR MODAL TERHADAP KASUS BANK CENTURYDI INDONESIA

Suci Fitriany , Dewi (2010) REAKSI PASAR MODAL TERHADAP KASUS BANK CENTURYDI INDONESIA. Other thesis, University of Muhammadiyah Malang.

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Abstract

The research is study case on the Indonesian capital market in Indonesia Stock Exchange with even study approach, that is study that teach the market reactin to the even that the information are publicated as a attention. The research has title “Capital Market Reaction of Case Century Bank in Indonesia”. The purpose from this research for to know about capital market reaction of case Century Bank, especially on te result of parliament assemble at 01-04 March 2010. The hypothesis is proposed in this research that capital market reaction to Century Bank case in Indonesia on 5% level of significance. The data is used to be daily data from close price of stocks included IHSG for a year that is 2009, 01 July until 2010, 01 July that registered on Indonesian Stock Exchange. The analysis in this research with to do analysis to abnormal return at securities that happened around Century Bank case. The model is used to estimation of expected return is market adjusted model. Average abnormal return is used as basic to determine significance of abnormal return that showing market reaction of century Bank case. Average abnormal return significance test with using t-test, that is compare t-count value with t-table value on 5% level of significance. Analysis result showing that value from t-table is ± 1.782. the calculation t-count showing that capital market have not reaction for Century Bank case in Indonesia. Calculation t-count value t-7 period until t+7 period successively are (1.00879443), (-1.0087651), (-1.0087977), (1.00883838), (1.0088572), (-1.0089021), (-1.0088399), (1.00881057), (1.00876691), (-1.0092025), (-1.0086705), (1.00892288), (1.00884165), (1.00883467), (1.0089582). Based on analysis result, can be token a conclusion Indonesian Capital Market have not reaction to the Century Bank case. The implication that investor not need afraid that even of Century Bank case will influent continuously investation.

Item Type: Thesis (Other)
Subjects: H Social Sciences > HD Industries. Land use. Labor > HD28 Management. Industrial Management
Divisions: Faculty of Economic > Department of Management
Depositing User: Rayi Tegar Pamungkas
Date Deposited: 22 Mar 2012 11:20
Last Modified: 22 Mar 2012 11:20
URI: http://eprints.umm.ac.id/id/eprint/980

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