ANALISIS REAKSI INVESTOR SEBELUM DAN SESUDAH MERGER DAN AKUISISI TERHADAP ABNORMAL RETURN SAHAM PADA PERUSAHAAN YANG TERDAFTAR DI BEI PERIODE 2013-2015
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Institusion
Universitas Katolik Musi Charitas
Author
Yordan, Praoja
Subject
H Social Sciences (General)
Datestamp
2022-05-24 06:44:03
Abstract :
The purpose of this study to investigate the effect of merger and acquisition of abnormal stock returns . Type of research is the study of events with the estimation period of 20 days and the event period of 10 days before and after the merger . The sample used in this study were 24 company listed on the BEI in the period 2013-2015 with the research method of comparative studies using parametric test One Sample T Test and Paired Sample T - Test to answer the hypothesis . The test results showed negative influence around the date of the acquisition announcement , in other words, the market reaction tends to be negative on acquisitions that occurred . The positive effects occurred long before the announcement date of acquisition resulting information already known in advance by the market , it demonstrates the capital market in Indonesia has not fulfilled an efficient capital market assumptions Keywords: acquisition, merger, abnormal return, stocks, efficient
The purpose of this study to investigate the effect of merger and acquisition of abnormal stock returns . Type of research is the study of events with the estimation period of 20 days and the event period of 10 days before and after the merger . The sample used in this study were 24 company listed on the BEI in the period 2013-2015 with the research method of comparative studies using parametric test One Sample T Test and Paired Sample T - Test to answer the hypothesis . The test results showed negative influence around the date of the acquisition announcement , in other words, the market reaction tends to be negative on acquisitions that occurred . The positive effects occurred long before the announcement date of acquisition resulting information already known in advance by the market , it demonstrates the capital market in Indonesia has not fulfilled an efficient capital market assumptions Keywords: acquisition, merger, abnormal return, stocks, efficient
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EA-2016-121041-cover.pdf
EA-2016-121041-abstract.pdf
EA-2016-121041-complete.pdf
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EA-2016-121041-tableofcontent.pdf
EA-2016-121041-chapter1.pdf
EA-2016-121041-chapter2.pdf
EA-2016-121041-chapter3.pdf
EA-2016-121041-chapter4.pdf
EA-2016-121041-conclusion.pdf
EA-2016-121041-reference.pdf
EA-2016-121041-attachment.pdf
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