ANALISIS KINERJA SAHAM PADA PERUSAHAAN YANG MELAKUKAN INITIAL PUBLIC OFFERING (IPO) DI BURSA EFEK INDONESIA PERIODE 2010
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Date
2014
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Universitas Widyatama
Abstract
This research analyzes the running of stocks in companies which have been doing Initial
Public Offering (IPO) in Indonesia Bursary Effect during the period of 2010. Measuring the
running of stocks is a way to relate the aim of the companies which is to get some fund used for
expansion and the aim of the investors which is to get a high return value. This research aims to
reveal how short term stocks (for 3 months) and long term stocks (for 24 months) are run in the
companies which have been doing IPO during the period of 2010; and to analyze whether there
is any difference between the running of short term stocks and the running of long term stocks.
By employing descriptive method using historical data and comparative study, this research
involves twenty three companies as the sample. The results of this research in which the data are
examined by using one sample t-test show that the running of short term stocks is
outperformed,proved by t-arithmetic (3,028)> t-table (2,074); and the running of long term stocks is
underperformed, proved by t-arithmetic (2,818)> t-table (2,074). Meanwhile the data which are
examined by F-test with sig (t) =0,000 <= 0,05 show significant differences between theshort
term stocks running (for 3 months) and the long term stocks running (for 24 months) in the
companies which have been doing IPO during the period of 2010.
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Keywords
Initial Public Offering, Kinerja Jangka Pendek, Kinerja Jangka Panjang, Abnormal Return, Short Term Running, Long Term Running