Journal Competency of Business
Vol. 7 No. 1 (2023): Journal Competency of Business

ANALISIS MARKET OVERREACTION PADA SAHAM PERUSAHAAN LQ45 YANG TERDAFTAR DI BURSA EFEK INDONESIA

Rachmawati, Eka Nuraini (Unknown)
Saputra, Randi (Unknown)
Penjaitan, Kristina (Unknown)

Article Info

Publish Date
29 Jul 2023

Abstract

This study aims to determine whether there is market overreaction on the Indonesia Stock Exchange during the research period from 2017 to 2020. The population in this study are LQ45 index component companies listed on the Indonesia Stock Exchange. The sample in this study was obtained by purposive sampling method, namely as many as 30 companies. Market overreaction is measured by abnormal returns and is shown by the Average Cumulative Abnormal Return (ACAR) portfolio of losers outperforming the Average CAR portfolio of winners. The results showed that the loser portfolio's Average CAR could not outperform the winner's portfolio. Based on the research results, it can be concluded that there is no market overreaction to the LQ45 index company shares on the Indonesia Stock Exchange.

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Journal Info
Journal Competency of Business
Website

Abbrev

JCoB

Publisher

Universitas Cokroaminoto Yogyakarta

Subject

Decision Sciences, Operations Research & Management Economics, Econometrics & Finance Social Sciences

Description

Journal Competency of Business is a peer-reviewed journal published twice a year (July and December) by the Management Study Program at Universitas Cokroaminoto Yogyakarta. Journal Competency of Business discusses management and business broadly and its applications, especially for research relevant ...