Analisis pergerakan harga saham perusahaan BUMN dan non BUMN dalam merespon informasi negatif periode 2017-2019

Sumbayak, Raka Daniel Lihardo (2020) Analisis pergerakan harga saham perusahaan BUMN dan non BUMN dalam merespon informasi negatif periode 2017-2019. Masters thesis, IPB University.

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Abstract

There were bad news affected stock prices, i.e. fraud and bad financial performance. Fraud on State Owned Enterprises (SOE) listed companies was suspected to have a stronger impact on stock prices compared to Non-SOE issuers. The effect of bad financial performance on Non-SOE issuers was thought to have a stronger impact on share prices when compared to SOE issuers. This research was conducted on SOE and non-SOE that experienced fraud and bad financial performance from 2017 to 2019. Data analysis were performed with the Google Search Volume Index, Paired Sample T-Test, and Multiple Linear Regression Analysis. Google Search Volume Index analysis showed that SOE issuers were more sought by the public when compared to Non-SOE issuers in responding to fraud and bad financial performance. Linear Regression Analysis found that the decline in share prices of SOE issuers was lower than the Non-SOE issuers in response to fraud. The decline in share prices of SOE issuers in responding to bad financial performance in the Property and Finance sectors was lower than the decline in share prices of Non-SOE issuers. However, the decline in the share prices of Non- SOE companies in response to the bad financial performance in Basic Industry sector was lower than the SOE issuers. This can be influenced by SOE share ownership dominated by the Indonesian government. This research found that the decline of share prices influenced by fraud were more than bad financial performance for both SOE and Non-SOE. In addition, the decline of share prices influenced by fraud and bad financial performance were occurred related to research period. The decline of SOE share price around seven days after the case were fairly high, however it were low around one month after the case. Furthermore, the decline of SOE were influenced by SOE‟s betas.

Item Type:	Thesis (Masters)
Uncontrolled Keywords:	fraud, kinerja buruk keuangan, harga saham fraud, bad financial performance.
Subjects:	Manajemen Keuangan
Depositing User:	SB-IPB Library
Date Deposited:	19 Apr 2022 01:30
Last Modified:	19 Apr 2022 01:30
URI:	http://repository.sb.ipb.ac.id/id/eprint/3836

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