ANALISIS ANOMALI PENAWARAN SAHAM PERDANA (IPO) PADA BURSA EFEK INDONESIA TAHUN 2005-2009

WAHYUDIN, WAHYUDIN (2011) ANALISIS ANOMALI PENAWARAN SAHAM PERDANA (IPO) PADA BURSA EFEK INDONESIA TAHUN 2005-2009. S2 thesis, Universitas Mercu Buana Jakarta-Menteng.

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Abstract

S to c k is the favorable in stru m e n t fo r in v e sto rs. T his is c a use d b y th e re tu rn o f stock is r ela tiv e ly h ig h e r c o m p a r e d w ith o th er in v e stm e n ts . T h e s to c k m a r k et is a ls o a p la c e fo r c o m p a n y to g e t funding . C o m p a n y fu n din g can be g o t fr o m in itia l p u b lic o ffe rin g (IP O - i n it i a l p u b li c o f f e r i n g ) . I n p r e v i o u s st u d i e s I P O give h ig h p r o fits by the a n o m a ly p r icin g . T h e hig h p r o fit c o m e fr o m p o sitiv e a b n o r m a l r e tur n in th e firs t secondary m arket. F in a nc ia l m a r k et c o n d itio n s in 2 0 0 5 - 2 0 0 9 , the re w e re tw o tim e s o f turm oil in 2005 and 2008 - 2 0 0 9 . In 2 0 0 5 th e re is a m utual fund crisis and in 2008 - 2009 global financial m arket c r isis . T h is s tu d y w ill d is c u ss w h e th e r th e r e a r e a n o m a lie s IP O s h a r e p ric e a t th e tim e o f fin a n cia l m a r k e t c o n d itio n s a re v o latile . T he data used is a com pany data th a t d o e s a n in itia l p u b lic o ffer in g a n d tr a d e data for 2005 - 2 0 0 9 th e fir st d a y u n til th e te nth d a y a fte r th e IP O . I t a ls o r e q uir e d th e IH SG data for the p erio d of 2 0 0 5 - 2 0 1 0 a s a c o m p a riso n . T his d ata is se c o n d a ry d a ta o b ta in e d fr o m th e In d o n es ia n S toc k E x c h a n g e fr o m th e p e rio d 2 0 0 5 - 2010 . K e y s W o r d : IP O , U n d e r p r ic in g , A b n o r m a l R e tu r n a n d C A R (c u m u la tif a b n o r m a l return) S a h a m m e r u p a k a n s a la h s a tu in str u m e n t y a n g m e m ilik i d a y a tar ik y a n g sangat bagus bagi in v e sto r . H a l in i dis e b a b k a n ole h r e tur n y a n g d ija n jik a n r ela tif le b ih tin g g i d ib a n din g k a n d e n g a n in v e sta s i lain . P a s a r s a h a m ju g a m e r u p a k a n sa ra n a y a n g m u d a h b a g i p e ru sa h a a n d a la m m e m p e ro le h p e n d a n a a n , sa la h sa tu c a ra y a n g b is a d ila k u k a n p e r us a h a a n a d a la h dengan m elakukan penaw aran um um p e r d a n a (in itial p u b lic o ffe r in g - IP O ). P a d a p e n e r litia n - pe n e litia n s e b e lu m n y a IP O m e n ja n jik a n ke u n tu n g a n y a n g tin g gi d a n dite n g a r ai te r d a p a t anom aly harga saham p a d a p e r d a g a n g a n p er d a n a n y a . K o n d is i p a s a r k e u a n g a n p a d a ta h u n 2005 - 2009 terdapat gejolak dua kali yaitu pada tahun 2005 dan tahun2008 - 2 0 0 9 . T a h u n 2 0 0 5 te r d a p a t k r is is r e k s a d a n a d a n ta h u n 2 0 0 8 - 2 0 0 9 t e r d a p a t k r is i s k e u a n g a n g l o b a l . P e n e litia n ini a k a n m e m b a h a s a p a k a h m a sih ter d a p a t a n o m a li h a r g a s a h a m IP O pada saat ko n d isi p a sa r keu a n g a n sed a n g b ergejo lak. D ata yang digunakan adalah data perusahaan yang m elakukan penaw aran saham perdana tahun 2005 - 2 0 0 9 d a n d a ta pe r d a g a n g a n h a r i pe r ta m a s a m p a i d e n g a n h a ri ke se p u lu h se tela h IP O , sela in itu d ip e rlu k a n p ula d a ta in d e ks harga saham gabungan selam a periode tahun 2005 - 2 0 1 0 s e b a g ai p e m b a n d in g . D a ta in i m e r u p a k a n d a ta s ek u n d e r y a n g dip e r ole h d a ri B u r s a E fe k In d o n es ia d a ri p e rio d e tahun 2005 - 2010. K ata K unci : P enaw aran S aham P erdana ( IP O ), U n d e rp ric in g , A b n o rm al R e tu rn a n d CAR ( K om ulatif A bnorm al R eturn )

Item Type: Thesis (S2)
Call Number CD: CDT-551-11-020
NIM/NIDN Creators: 55107120137
Uncontrolled Keywords: Penawaran Saham Perdana (IPO), Under pricing, Abnormal Return and CAR(Komulatif Abnormal Return). MKU, MANAJEMEN KEUANGAN
Subjects: 600 Technology/Teknologi > 650 Management, Public Relations, Business and Auxiliary Service/Manajemen, Hubungan Masyarakat, Bisnis dan Ilmu yang Berkaitan > 658 General Management/Manajemen Umum
Divisions: Pascasarjana > Magister Manajemen
Depositing User: ORYZA LUVITA
Date Deposited: 10 May 2022 03:19
Last Modified: 12 Jul 2022 07:42
URI: http://repository.mercubuana.ac.id/id/eprint/60886

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