This paper discusses several biases due to the use of data in MBAR (Market Based Accounting Research). They are biases because of non-normality of the data, cross-dependency of the data and non-synchronous trading. This paper identifies conditions of the biases and also provides solutions to overcome the biases.
Journal of Indonesian Economy and Business (JIEB) is open access, peer-reviewed journal whose objectives is to publish original research papers related to the Indonesian economy and business issues. This journal is also dedicated to disseminating the published articles freely for international ...