CD Skripsi

Pengujian Perilaku Herding Pasca Initial Public Offering Di Pasar Modal Syariah Indonesia

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ABSTRACT
Indonesia Capital Market has increase rapidly year by year accompanied
with lots of Initial Public Offering company. Underpricing is a phenomenon that
happened after the Initial Public Offering announcement in almost all the capital
market in the world. This phenomenon caused investors to do herding behavior.
This study is aimed to examine the herding behavior post Initial Public
Offering on Indonesia Islamic Stock Market. Data that used in this study are
daily closing price of Initial Public Offering sharia stocks since the first day until
30th day after Initial Public Offering announcement and daily closing price of
Indonesia Sharia Stock Index during January 2018 – December 2018. There are
22 stocks that conducted an Initial Public Offering on Indonesia Stock Exchange
in 2018 and were included in Sharia Securities List by Otoritas Jasa Keuangan in
2018. This study used Cross Sectional Absolute Deviation method to test herding
behavior.
The results of this study showed that there is herding behavior post Initial
Public Offering on Indonesia Islamic Stock Market in 2018. The existence of
herding behavior illustrates that the Indonesia Capital Market has not been
efficient. The implication of this finding is, when making investment decisions on
Initial Public Offering shares investors need to pay attention to other investors
behavior who have large capital or investors who have the power to control the
market.
Keywords: Behavioral Finance, Herding Behaviour, Cross-Sectional Absolute
deviation (CSAD), Initial Public Offering.

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Ketersediaan

Informasi Detail

Judul Seri

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No. Panggil

02 02. 120 (0055)

Penerbit

Pekanbaru : Universitas Riau – Fakultas Ekonomi dan Bisnis – Manajemen., 2020

Deskripsi Fisik

xii, 29 hlm.; ill.: 29 cm

Bahasa

Indonesia

ISBN/ISSN

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Klasifikasi

02 02. 120 (0055)

Tipe Isi

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Tipe Media

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Tipe Pembawa

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Edisi

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Subjek

MANAJEMEN

Info Detail Spesifik

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Pernyataan Tanggungjawab

Daus

Versi lain/terkait

Lampiran Berkas

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