DAYS OF THE WEEK AND MONDAY EFFECT ON THE STOCK RETURN OF FOOD AND BEVERAGES COMPANIES THAT LISTED IN INDONESIA STOCK EXCHANGE

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Jurnal Manajemen Update
Vol 8, No 4 (2019): Jurnal Mahasiswa Manajemen

AbstractThis study aims to determine and ascertain the effects of days on company returns with Days of the Week Effect and Monday Effect as control variables in the food and beverage sector listed at IDX 2015 - 2017. The independent variables X1 are Days of the Week and X2 are Monday Effect. The dependent variable is Stock Return. The data used in this study are secondary data derived from annual reports of food and beverage companies. The sample is purposive sampling, meaning the sample chosen by the criteria. The criteria selected 11 companies in 3 years. This study uses SPSS version 22 as software to test regression. This study uses Random Effect Model to test the hypothesis. The results of this study indicate that there is no significant effect of Days of the Week and Monday Effect on Stock ReturnKeywords: Days of the Week Effect, Monday Effect, Stock Return. BibliographyAlun Jones Q.C., 1995, Jones On Extradition, First Edition, Sweet & Maxwell, Inggris.Arens, Alvin. 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