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Faktor-faktor yang mempengaruhi bid-ask spread pada masa sebelum dan sesudah right issue di bursa efek Jakarta periode 2004-2006

Jurnal Keuangan dan Perbankan, Tahun XI, Nomor 3, September 2007
Journal from JIPTUNMERPP / 2008-02-19 06:14:31
Oleh : Sutapa, Edy Suprianto, Diploma_3_of_Finance_and_Banking_-_Merdeka_Univers (edy_2806@yahoo.co.id)
Dibuat : 2007-09-01, dengan file

Keyword : bid-ask spread, stock price, trade volume, varient of return, and right issue

Stock traded in Jakarta Stock Exchange (JSX) semetimes experienced a condition where there was no transaction. The emiten, therefore, would attemp to reactive the trade. One of the attemps that could be considered to do was right issue. Right issue was new stock offerings to the old owners. It could influence the market in JSX. One of the responses from market was bid-askspread. This research aimed to confirm stock price, trade volume and variant of return affect bid-selected to be the samples. This research assumed that the duration was five days before and after right issue. The were 17 companies that had right issue in JSX since 2004 until 2006. They were selected to be the samples. The research assumed that the duration was five days before and after righti ssue. The instruments of analysis were multiple regression and paired sample t-test. The result indicated thet from the tree independent variables, namely price stock, trade volume andvariant of return, only stock price had positife and significant affect on the bid-ask spread. This finding contrasted with previous research that indicate there was negative effect.

Deskripsi Alternatif :

Stock traded in Jakarta Stock Exchange (JSX) semetimes experienced a condition where there was no transaction. The emiten, therefore, would attemp to reactive the trade. One of the attemps that could be considered to do was right issue. Right issue was new stock offerings to the old owners. It could influence the market in JSX. One of the responses from market was bid-askspread. This research aimed to confirm stock price, trade volume and variant of return affect bid-selected to be the samples. This research assumed that the duration was five days before and after right issue. The were 17 companies that had right issue in JSX since 2004 until 2006. They were selected to be the samples. The research assumed that the duration was five days before and after righti ssue. The instruments of analysis were multiple regression and paired sample t-test. The result indicated thet from the tree independent variables, namely price stock, trade volume andvariant of return, only stock price had positife and significant affect on the bid-ask spread. This finding contrasted with previous research that indicate there was negative effect.

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PropertiNilai Properti
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