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Reaksi harga saham pada saat penerbitan obligasi : (studi empiris di Bursa Efek Indonesia periode 2003-2008)
The aim of this study is to examine the market reaction when companies issuing bonds. Corporate bond issue will affect its capital structure and gives several consequences to the company whether it is favorable or unfavorable. The market then will appraise the effect. If the effect is significant the market will reacts and makes stock price change. This study is based on the cash flow problem theory that seeing bond issue may increase the risk of unoptimal use of cash by management as the controlling party. This study use event study method to see the significance of market reaction and multivariable regression to see the significance of cash, dividend payout, bond rating variable that may affect the market reaction. The samples of this research consist of 45 companies issuing bonds during 2003-2008. The conclusion is neither the market reaction nor the determinant variables are significant. These results may due to many limitations of this study, and hence need further study to overcome those limitations. Ada tabel
Ketersediaan
| Call Number | Location | Available |
|---|---|---|
| 6539 | PSB lt.2 - Karya Akhir | 1 |
| Penerbit | Depok Departemen Akuntansi, Fakultas Ekonomi Universitas Indonesia., 2009 |
|---|---|
| Edisi | - |
| Subjek | Multiple regression analysis Share prices Corporate finance Cash flow Bonds |
| ISBN/ISSN | - |
| Klasifikasi | - |
| Deskripsi Fisik | xii, 65 p. : diagr. ; 30 cm. |
| Info Detail Spesifik | - |
| Other Version/Related | Tidak tersedia versi lain |
| Lampiran Berkas | Tidak Ada Data |