Pengaruh Kebijakan Perubahan Tingkat Suku Bunga BI Rate Terhadap Harga Saham di Bursa Efek Indonesia Dengan Teori Prospek
| Main Authors: | , Andrijadi Mawardi, SE, , Prof. Dr. Jogiyanto Hartono, MBA, Ak. |
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| Format: | Thesis NonPeerReviewed |
| Terbitan: |
[Yogyakarta] : Universitas Gadjah Mada
, 2012
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| Subjects: | |
| Online Access: |
https://repository.ugm.ac.id/98165/ http://etd.ugm.ac.id/index.php?mod=penelitian_detail&sub=PenelitianDetail&act=view&typ=html&buku_id=52095 |
Daftar Isi:
- The aim of this research is to examine if there are any influence from the policy on changing of interest rate in BI when there is any increasing in BI Rate or decreasing on BI Rate which happened during the 6 th happening event to stock price in Indonesia Stock Exchange, which can be seen in abnormal return with prospect theory. There are 22 active stock which in market and not doing the company action (stock split, stock dividend and right issue) as from February 28, 2008 until June 8, 2009. To examine the information from this event, this research using �Event Study � methode. The result shown that announcement regarding the changes of interest rate in BI influence the activity in Indonesia Stock Exchange which can be seen if there is abnormal return stock which can be signify by the prospect theory. This can be seen from the average of abnormal return stock for the action of increasing in BI Rate (bad news) before the due date, during the due date, 1 day after the due date, 2 days after the due date and 3 days after the due date are negative. But for the decreasing event on BI Rate (good news) on before the due date, during the due date, 1 day after the due date, 2 days after the due date and 3 days after the due date are positive. On the third hypothesist about the prospect theory which proven from the average of abnormal return for the event of the action of increasing in BI Rate on before the due date, during the due date, 1 day after the due date, 2 days after the due date and 3 days after the due date more than the decreasing event on abnormal return stock compare with the summary of increasing abnormal return stock for the decreasing event on BI Rate (good news) on before the due date, during the due date, 1 day after the due date, 2 days after the due date and 3 days after the due date.