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Journal : management analysis journal

REAKSI PASAR TERHADAP PENGUMUMAN PENERBITAN SUKUK MUDHARABAH DAN OBLIGASI KONVENSIONAL Purwaningsih, Purwaningsih; Khoiruddin, Moh.
Management Analysis Journal Vol 5 No 4 (2016): Managemant Analysis Journal
Publisher : Management Analysis Journal

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.15294/maj.v5i4.10915

Abstract

This research aims to analyse market reaction toward sukuk mudharabah and conventional bonds issue announcement that indicated with abnormal return and trading volume activity. Population in this research is all of sukuk mudharabah and conventional bonds issue announcement registered in IDX period 2012-2015. This research used event study with 21 days of windows period (t-10 to t+10). Samples of this research consist of 5 sukuk mudharabah issue announcements and 65 conventional bonds issue announcements based on purposive sampling method. Analysis methods used in this research are t-test and Paired Samples T-Test. The results of this research show that there are significant abnormal return around the date of sukuk mudharabah issue announcement on t-10, t-8, t-6, and wheres significant abnormal return around the date of conventional bonds issue announcement on t-7, t-3, t-1, t-3, t-4, t-7. In addition, there is no significant difference between trading volume activity before and after to sukuk mudharabah and conventional bonds issue announcement. The market react slow and prolonged so there is not happened  market efficiency semi-strong form in information and decision.  
Reaksi Pasar terhadap Pengumuman Penerbitan Sukuk Mudharabah dan Obligasi Konvensional Purwaningsih, Purwaningsih; Khoiruddin, Moh.
Management Analysis Journal Vol 5 No 4 (2016): Management Analysis Journal
Publisher : Universitas Negeri Semarang

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.15294/maj.v5i4.10915

Abstract

This research aims to analyse market reaction toward sukuk mudharabah and conventional bonds issue announcement that indicated with abnormal return and trading volume activity. Population in this research is all of sukuk mudharabah and conventional bonds issue announcement registered in IDX period 2012-2015. This research used event study with 21 days of windows period (t-10 to t+10). Samples of this research consist of 5 sukuk mudharabah issue announcements and 65 conventional bonds issue announcements based on purposive sampling method. Analysis methods used in this research are t-test and Paired Samples T-Test. The results of this research show that there are significant abnormal return around the date of sukuk mudharabah issue announcement on t-10, t-8, t-6, and wheres significant abnormal return around the date of conventional bonds issue announcement on t-7, t-3, t-1, t-3, t-4, t-7. In addition, there is no significant difference between trading volume activity before and after to sukuk mudharabah and conventional bonds issue announcement. The market react slow and prolonged so there is not happened market efficiency semi-strong form in information and decision.
Co-Authors A.A. Ketut Agung Cahyawan W Abdul Rahman Ollong Abi Fadila Abu Bakar Ade Irma Khairani - Adi Syamsuddin Agus Arianto, Agus Agus Sulistyono Ah. Yusuf Alfariski, Irgi Alit Armini, Ni Ketut Alnita Baaka Amalia, Nabilla Dihni Ambarwanti, Cahreta Andrayani, Ketti Andri Setiya Wahyudi Angelina N. Tethool Anik Handayani Anita Nurmasitoh Anjas Anjas, Anjas Ansumeh, Aleksius Arini, Wilhelmina Arizona, Rizki Artono, Agus Ashari, Asri Mulya Asih, Nuri Luthfi Asnawati Asnawati Asri Darmawati Asri Darmawati Asri, Monika Fenia Astuti Darmiyanti Astuti Rofida Aswin, Rosmayanti Atikah, Tika D. Aulia Kurniawati bagaskoro, isnaini jaya Bahiyah, Khoridatul Bambang Sri Anggoro Banjarnahor, Hotma Ria barudah, khusnul Basuni, Basuni Candra Panji Asmoro Candra Panji Asmoro, Candra Panji Capriati, Rossy Chairani Siregar Chamidah, Isni Nurul Chamidah, Isni Nurul Cholicul H Claude Mona Airin Cloudia, Hikma Bungsu Daniel Y. Seseray Darma, Septin Srimentari Lely Darussalam Darussalam, Darussalam Deltario Novian Joko Sucipto Dewi Liesnoor Setyowati Dini Anggorowati Djoko Agus Purwanto Dwi Budi Santoso Dwi Dina Romantika Dwi Nurhayati, Dwi Dwi Nurhidayati, Dwi Dwi Zulfita Ecin Kuraesin Eddy Santoso Edy Santoso Eka Mishbahatul Mar'ah Has Eko Aprianto Elida Ulfiana Elly Mustamir Erita Gustina Erlis Nur Mujiningsih, Erlis Nur Erwin Ayubi, Tika Esti Yunitasari Evamona Sinuraya Evi W. Saragih Fathurrahmah, Nuzul Isnaini Fauzul, Fauzul Ferry Effendi FIKRIYADI, FIKRIYADI Firdaus Indah Sari Firmana, Firmina Murniati Gading Ekapuja Aurizki Ginting, Anisa Yolanda Gregoria Ariyanti Gunawan, Elfedius Andre Hakim Zulkarnain Hakim Zulkarnain Hakim, Aji Qamara Dewi Harianja, Greace Hariyanti, Agus Heni Murti Wahyuni Hotlan Manik Ika Yuni Widyawati Ilya Krisnana, Ilya Indarwati , Retno Inriani, Noveling Intan Munawaroh Iriani Sumpe J. Wajo, Muhammad Jadimanto, Jadimanto Jailani Jailani Januardi Januardi, Januardi John Arnold Palulungan Jr, Rosalio G. Artes Juwita, Putri Karingga, Devangga Darma Kharisma, Nazza Khikmatul Mu’jizah Khusna, Nia Annisyatul Kipa Jundapri Kiswan Muhammad Kurniawati, Ninuk Dian Kuswata Kartawinata Lailatun Ni’mah Lekitoo, Marlyn N Lestari, Nila Lilik Manowati Lumban Gaol, Modesta Roma Mutiara Made Indra Ayu Astarini, Made Indra Ayu Makhfudli Makhfudli manurung, Lidia Marbun, Mega Sari Mardiani, Inna Nisawati Margaretha Kewa Lamak Martha Kayadoe Masitah Masitah Masrifah Masrifah Maulidi Maulidi Maulina, Nadira Meliany, Veronika Mimi Rosadi Miranda, Miranda Misutarno, Misutarno Moh. Khoiruddin Mohammad Nur Firdaus Muh D. RAM Muh. Abdurrouf Mukhlis - Mulyadi Mulyadi Mustaghfirin Mustaghfirin Nabilah, Arinda Putri Nalika Nazua Ridwan Nanang Fachruddin Nasrija, Hendra Nasronudin Nasronudin Ni'mah, Lailatun Nihayati, Hanik Endang Niken Ariska Prawesti Niken Subekti Nisrina Nisrina Novando Sitanggang, Karunia Alpa Nur Hidayat Nurjani Nurmairina Nursalam . Nursalam, Nursalam Nuzul Qur'aniati Nuzul Qur’aniati O R Faidiban, O R Onong, Charles Pamela, Tia Paratami, Ando Peni Indrayudha Pramesti, Mardiani Rahayu Pratiwi, Anugrah Putri Prawesti, Niken Ariska Priyo Sambodo Puspitasari, Nindy Putri Lestari, Putri Putri, Pinandhita Putri, Pinandhita Qolbi Nur Qoidah Yahya Qur’aniati, Nuzul Rahma Illahi, Cinta Sasmita Ranting, Natalis Rapeah, Rapeah Ratia, Ratia Ratna Dewi Mulyaningtiyas Rini Susana Riski Hardani Riyadi, Muhammad Hamdan Rosyida, Rohima Tazkiyah Ruddy Polosakan, Ruddy Ruqoyyah Nasution Sadiyah, Halimah Sakdan, Sakdan Salsabila, Irma Saragih , Evi W. Sari, Riska Kusprita Septanto, Aby Nugrah Septiyaningsih, Tri Septiyaningsih, Tri Setia Budi Setyo Gunawan, Setyo Shelda, Priscila Shelda Sientje D. Rumetor Simamora, Endang Roswati Siti Hadijah Siti Nur Imamah Sodiqin, Sodiqin Sri Murlianti Sriani, Henni Suarilah, Ira Sudarsono Sulistiawati Sulistiawati Sunaryo Sunaryo Surachman Surachman Surbakti, Claudia Surbakti, Rori Sandri Dewi Br Susamto, Dina Amalia Susanti Susanti Susilastri, Dian Syahrum Agung Syaifuddin Kurnianto syarief ferry alkadrie Tabilangi, Charles Tantri Palupi Trias Isrichawati Triharini, Mira Trini Susmiati Tukatman Tukatman Usmayadi, Dedy Utami, Lia Wahyu Utami, Novi Tri Utomo, Jepri Vourvachi, Christina Wahyuni Tri Lestari Warganda Warganda WASI'AN, WASI'AN wasian wasian, wasian Widarizki, Restik Bunga Widayati , Trisiwi W. Widayati, Isti Widiharti Widiharti Wulandari, Annisa Yuana yuana, Yuana Yuli Anggraini Yulis Setiya Dewi Yunitasari, Eva Yusuf, Razali Yusuf, Razali Yusuf, Razali YUSUF, RAZALI Zahroh, Nabila Shofiatuz