REAKSI PASAR TERHADAP PENGUMUMAN PERUBAHAN BOND RATING (STUDI PADA PERUSAHAAN YANG TERDAFTAR DI BURSA EFEK INDONESIA TAHUN 2010 – 2016)

., Sugiono (2017) REAKSI PASAR TERHADAP PENGUMUMAN PERUBAHAN BOND RATING (STUDI PADA PERUSAHAAN YANG TERDAFTAR DI BURSA EFEK INDONESIA TAHUN 2010 – 2016). Undergraduate thesis, Universitas katolik Musi Charitas Palembang.

	Text (Cover) EM-2017-13.2.261-Cover.pdf Download (451kB)
	Text (Abstract) EM-2017-13.2.261-Abstract.pdf Restricted to Registered users only Download (162kB) | Request a copy
	Text (Table Of Content) EM-2017-13.2.261-Table of Content.pdf Restricted to Registered users only Download (178kB) | Request a copy
	Text (Chapter 1) EM-2017-13.2.261-Chapter 1.pdf Restricted to Registered users only Download (303kB) | Request a copy
	Text (Chapter 2) EM-2017-13.2.261-Chapter 2.pdf Restricted to Registered users only Download (325kB) | Request a copy
	Text (Chapter 3) EM-2017-13.2.261-Chapter 3.pdf Restricted to Registered users only Download (537kB) | Request a copy
	Text (Chapter 4) EM-2017-13.2.261-Chapter 4.pdf Restricted to Registered users only Download (357kB) | Request a copy
	Text (Conclution) EM-2017-13.2.261-Conclusion.pdf Restricted to Registered users only Download (383kB) | Request a copy
	Text (Reference) EM-2017-13.2.261-Reference.pdf Restricted to Registered users only Download (398kB) | Request a copy
	Text (Attachment) EM-2017-13.2.261-Attachment.pdf Restricted to Registered users only Download (712kB) | Request a copy
	Text (Complate) EM-2017-13.2.261-Complate.pdf Restricted to Repository staff only Download (1MB) | Request a copy
	Text (Summary_id) EM-2017-13.2.261-Summary_id.pdf Restricted to Registered users only Download (787kB) | Request a copy

Abstract

This research aims to analyze market reaction to the announcement of bond rating change, either upgrade announcement or downgrade announcement. Market reaction can be seen on significance abnormal return on the event windows. Samples taken by purposive sampling technic and obtained 52 company which consists of 30 upgrades and 22 downgrades. This research using event study as the method to testing the hypothesis. Event period in this research is t-10 until t+10 with estimation period 100 days. The results of this research is market reacted positively on upgrade announcement and react negative on downgrade announcement. Keywords: bond rating, event study, upgrade, downgrade

Actions (login required)

View Item