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Analysis of stock price response to listing on Jakarta stock exchange : An efficient capital market test

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This thesis describes an empirical study on the efficiency of Jakarta Stock Exchange (JSX), involving tests of semi-strong form market efficiency with respect to listing as an event of interest. The major objective of the study was to identify if investors following the news of additional share listing and those buying newly issued stocks from the secondary market on the first day of trading could earn significant abnormal returns. The stocks examined in this respect cover 58 firms classified as the most active stocks in trading frequency, volume and value, selected out of 155 listings that took place on the Jakarta Stock Exchange over the period ow1993-1995. A variant of the simple market model technique was used to estimate daily abnormal returns around the events of interest.

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Informasi Detail

Judul Seri	-
No. Panggil	332.64255822 FAT a
Penerbit	Yogyakarta : Deepublish., 2020
Deskripsi Fisik	xvi, 101. : Iluss, ; 25 Cm
Bahasa	English
ISBN/ISSN	978-623-02-1740-1
Klasifikasi	332.64255822
Tipe Isi	-
Tipe Media	-
Tipe Pembawa	-
Edisi	Cet.1
Subjek	Bursa Saham _ Jakarta
Info Detail Spesifik	-
Pernyataan Tanggungjawab	Fatumah M.N. Nandago

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