Path: Top Journal Jurnal_Keuangan_dan_Perbankan 2007

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 / 2011-12-27 01:52:00
Oleh : Sutapa ; Edy Suprianto , Diploma 3 of Finance and Banking Merdeka University Malang (jurkeubank@yahoo.com)
Dibuat : 2007-09-01, dengan 0 file

Keyword : Bid-ask spread, stock price, trade volume, variant of return, and right issue

Stocks traded in Jakarta Stock Exchange (JSX) Sometimes experienced a condition where there was no transaction. The emiten, therefore, would attempt to reactivate the trade. One of the attempts 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-ask spread. This research aimed to confirm stock price, trade volume and variant of return effect bid-ask spread. There ware 17 companies that had right issue in JSX since 2004 until 2006. They were selected to be the samples. This research assumed that the duration was five day before and after right issue. The instruments of analysis were multiple regression and paired sample t-test. The result indicated that from the three independent variables, namely price stock, trade volume and variant of return, only stock price had positive and significant affect on the bid-ask spread. This finding contrasted with previous research that indicated there was negative affect.

Deskripsi Alternatif :

Stocks traded in Jakarta Stock Exchange (JSX) Sometimes experienced a condition where there was no transaction. The emiten, therefore, would attempt to reactivate the trade. One of the attempts 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-ask spread. This research aimed to confirm stock price, trade volume and variant of return effect bid-ask spread. There ware 17 companies that had right issue in JSX since 2004 until 2006. They were selected to be the samples. This research assumed that the duration was five day before and after right issue. The instruments of analysis were multiple regression and paired sample t-test. The result indicated that from the three independent variables, namely price stock, trade volume and variant of return, only stock price had positive and significant affect on the bid-ask spread. This finding contrasted with previous research that indicated there was negative affect.

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PropertiNilai Properti
ID PublisherJIPTUNMERPP
OrganisasiDiploma 3 of Finance and Banking Merdeka University Malang
Nama KontakDra. Wiwik Supriyanti, SS
AlamatJl. Terusan Halimun 11 B
KotaMalang
DaerahJawa Timur
NegaraIndonesia
Telepon0341-563504
Fax0341-563504
E-mail Administratorperpus@unmer.ac.id
E-mail CKOwsupriyanti@yahoo.com

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  • Editor: Wiwik Supriyanti, Dra. SS.