DAMPAK PEMBERLAKUAN SCRIPLESS TRADING TERHADAP RETURN SAHAM DI BURSA EFEK JAKARTA

Akhmad Suaidi

Abstract


Economic crisis that happened in Indonesia early from crisis of exchange rate became in the middle 1997. This crisis is continued with endless crisis at various area. world Banking is one impact from the happening crisis of going concern exchange rate with crisis of belief socialize to world of banking which progressively wear away so that result activity in sector of banking pursued.
Various economics indicator as does mount rate of interest, apresiasi rupiah, price index its common share can show whether wheel to move our economics can be moved, hence very fair if the increasing price index of share in stock floor have fluctuation to various circumstance of outside environment non economics. Share price in effect exchange of jakarta remind us that capital market become instrument giving expectation in order to activite economics earn immediately take place
And various policy and change that happened in capital market have an effect on to share price which listing in capital market and one of them is governmental policy about application scripless trading. So that every occurence influencing capital market will have an effect on also all investor.
Application scripless trading event at date 11 juli 2000 by government is event anticipated have an effect on also to indek share price in indonesia
This research purpose to know impact of event of application of scripless trading by government in capital market to return of share in Effect Exchange Jakarta ( BEJ)
source of Data used in this research is data secondary, and also information of share at date 3 juli 2000 up to 16 juli 2000 taken direct by online through corner of effect exchange jakarta ( BEJ) Muhammadiyah University of Malang
Research method used in this research event study that is perception hit share price movement in capital market. To know the level of abnormal return obtained by stockholder effect of certain event. Period used in this research is 11 stock day, then to determine abnormal signification change of return is conducted by t-test.
After conducted by analysis of data by using t-test in obtaining the result don?t there are change which signifikan to abnormal of return around event of application of scripless trading.
From inferential entirety result that application scripless trading event don?t affect signifikan to return share in Effect Exchange Jakarta (BEJ). Therefore, though the capital market cannot be discharged from various environment of non economics like politics, terrorism issue, human right and environment (HAM), however don?t all the factor impact signifikan to return commerce activity and in stock market so that expected by all market perpetrator can be selective in taking decision.

 

Keyword : RETURN; SCRIPLESS TRADING; BURSA EFEK JAKARTA (BEJ)

 

Link Terkait : http://skripsi.umm.ac.id/files/disk1/36/jiptummpp-gdl-s1-2005-akhmadsuai-1783-PENDAHUL-N.PDF


Keywords


RETURN; SCRIPLESS TRADING; BURSA EFEK JAKARTA (BEJ)