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.

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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

Item Type: Thesis (Undergraduate)
Uncontrolled Keywords: bond rating ; event study ; upgrade ; downgrade
Subjects: H Social Sciences > H Social Sciences (General)
Divisions: Theses - S1 > Management Study Program
Depositing User: Chatarinedesi Kurniawati
Date Deposited: 24 Oct 2022 06:57
Last Modified: 24 Oct 2022 06:57
URI: https://eprints.ukmc.ac.id/id/eprint/9113

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