ANALISIS SEKURITAS DI PASAR MODAL KECIL: PENGAMATAN DI BURSA EFEK JAKARTA



Suad Husnan(1*)

(1) Universitas Gadjah Mada
(*) Corresponding Author

Abstract


Efisiensi informasi nampaknya mengalami peningkatan di Bursa Efek Jakarta (BEJ). Proses belajar untuk melakukan analisis rasional nampak terlihat pada pasar perdana. Gejala thin trading, sebagai gejala yang umum terjadi di bursa kecil, juga dijumpai di BEJ. Meskipun standard CAPM nampaknya tidak berlaku di BEJ banyak saham yang mempunyai beta yang stabll. Akhirnya perkembangan pasar modal selama akhir 1993 menunjukkan bahwa hubungan antara money dan capital market menjadi makin erat. Peningkatan harga saham selama semester dua 1993 leblh banyak disebabkan karena penurunan tingkat bunga dari pada kenaikan profitabilitas perusahaan.

Keywords


Analisis Sekuritad, Pasar Modal, Bursa Efek Jakarta

Full Text:

PDF


References

Dawson, S., 1984, "The Trend Toward Efficiency for Less Developed Stock Exchange: Hong Kong", Journal of Business Finance and Accounting, pp.151- 161. Dimson, E., 1979, "Risk Measurement When Shares are Subject to Infrequent Trading", Journal of Financial Economics, pp. 197-216. Elton, E.J, and Gruber, M.J., 1991, Modern Portofolio Theory and Investment Analysis, John Wiley and Sons Husnan, S., 1991-, "Pasar Modal Indonesia: Makin Efisienkah?", Management & Usahawan Indonesia, Juni. Husnan, S., 1993, "The First Issues Market: The Case of Indonesian Bull Market", mimeo, Faculty of Economics, Gadjah Mada University. Husnan, S. and Theobald, M., 1993, "Thin Trading and Index Sensitivity in Events Studies: The Case of the Indonesian Stock Market", Researh in Third World Accounting, vol. 2, pp.353-367. Ross, S.A., 1976, "The Arbitrage Theory of Capital Asset Pricing", Journal of Economic Theory, pp.341-360. Sharpe, W.F., and Alexander, G.J., 1989, Fundamentals of Investments, Prentice Hall. Yacout, N.M., 1980, Capital Markets in Developing Countries, Unpublished Ph.D thesis, Department of Accounting & Finance, University of Birmingham, England.



Article Metrics

Abstract views : 7544 | views : 19322

Refbacks

  • There are currently no refbacks.


Bookmark and Share


Copyright (c) 1994 Journal of Indonesian Economy and Business

Creative Commons License
This work is licensed under a Creative Commons Attribution-ShareAlike 4.0 International License.

Journal of Indonesian Economy and Business

Journal

Editorial Team
Focus and Scope
Peer Review Process
Publication Ethics
Screening for Plagiarism

Authors

Author Guidelines
Submission Guidelines
Online Submissions
Copyright Notice
Privacy Statement
Author Fees

Download

Author Pack
Submission Form & Manuscript Template

 

Reviewer

Reviewer Guidelines
Reviewer Acknowledgement

 

Reader

General Search
Achieves
Author index
Title index

 

 

The Journal of Indonesian Economy and Business (print ISSN 2085-8272; online ISSN 2338-5847) is published by the Faculty of Economics and Business Universitas Gadjah Mada, Indonesia. The content of this website is licensed under a Creative Commons Attribution-ShareAlike 4.0 International License
© 2019 Journal of Indonesian Economy and Business 
 Visitor Statistics