CD Skripsi
Pengujian Beda Return Pasar Modal Syariah Dan Pasar Modal Konvensional Di Bei Periode 2014-2018
The growth of Sharia capital markets in Indonesia is encouraging, but the Sharia capital markets exposure is still minimal. The lack of public understanding of the Sharia capital markets is a doubt for investors to invest in capital markets. With the background of the problem, this study aims to investigate the level of capital market efficiency in Indonesia by discovering the influence of the types of capital market and asymmetry of information against abnormal returns.
The population in this study involves 626 companies listed on the Indonesia Stock Exchange for the 2014-2018 period. The sampling technique applied was purposive sampling method with a total sample of 238 companies. The analytical method used in this study is multiple regression analysis. The results find that the types of capital market has a significantly negative effect on abnormal returns while information asymmetry has a significantly positive effect on abnormal returns. The more developed the Sharia capital markets, the information asymmetry and abnormal returns are also decrease, so that capital market efficiencyalso increases.
Keywords: types of capital market, information asymmetry, abnormal return
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