PENGARUH LIKUIDITAS, BID ASK SPREAD, EARNING DAN FIRM SIZE TERHADAP FENOMENA PRICE REVERSAL PADA SAHAM WINNER-LOSSER
| Main Authors: | FEBRYANTI, EMMA, ASANDIMITRA HARYONO, NADIA |
|---|---|
| Format: | eJournal |
| Bahasa: | ind |
| Terbitan: |
Jurnal Ilmu Manajemen (JIM)
, 2014
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| Online Access: |
http://ejournal.unesa.ac.id/index.php/jim/article/view/9834 |
Daftar Isi:
- Abstract: The purpose of this study was to determine the effect of liquidity,bid ask spread, earning and firm size against price reversal phenomenon to the winner and losser stocks in the period 2008-2013 IDX. This study used purposive sampling method with a sample of 55 winners and 52 lossers. This study uses multiple regression analysis with descriptive statistics, classic assumption test and t-test statistics for testing the partial regression coefficients. The results showed that liquidity of winner, bid ask spread and firm size positively affect price reversal. Earning has not affect because when extremely increased and then came bad news, investor did not overreact have affect the information with other statement that it will not bad impact for earning of them. Losser stock just earning positively affect price reversal and other independent variables have not affect price reversal. Keywords: price reversal, liquidity, bid ask spread, earning, and firm size.