Anomali Harga Saham Weekend effect di Shanghai Stock Exchange, Bombay Stock Exchange dan Indonesia Stock Exchange

Fauzi, Nurul (2010) Anomali Harga Saham Weekend effect di Shanghai Stock Exchange, Bombay Stock Exchange dan Indonesia Stock Exchange. JURNAL AKUNTANSI & MANAJEMEN, 5 (1). pp. 11-20. ISSN 1858-3687

[img]
Preview
PDF
105Kb

Official URL: http://www.polinpdg.ac.id

Abstract

The purpose of this study is to test the market anomaly phenomenon (i.e. weekend effect) in emerging Asian stock markets, namely Shanghai Stock Exchange, Bombay Stock Exchange and Indonesia Stock Exchange under period of 2005-2007. The study used daily closing price of composite index for each markets, and there are 125 weeks of average stock return for Indonesia Stock Exchange, 139 weeks of average stock return for Shanghai Stock Exchange and 123 weeks of average stock return for Bombay Stock Exchange. The study applied t-test to examine the existence of weekend effect among those markets. The result showed that there are no weekend effect phenomenon happened in the markets, although there is a significant difference in average stock return in Indonesia Stock Exchange and Shanghai Stock Exchange. However, significant average stock return difference did not show that weekend effect anomaly phenomenon presented.

Item Type:Article
Subjects:C Social Sciences > CF Commerce > CF1 Accounting
Divisions:Jurusan Akuntansi > Prog.Studi Akuntansi-D3 > Jurnal/Karya Ilmiah
ID Code:359
Deposited By:Mr. OP Repo-2 Puskom
Deposited On:26 Oct 2016 07:01
Last Modified:08 Nov 2016 15:30

Repository Staff Only: item control page