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PENGARUH PENGUMUMAN UPGRADE DAN DOWNGRADE BOND RATING TERHADAP ABNORMAL RETURN SAHAM DI BURSA EFEK INDONESIA (Studi Empiris pada Perusahaan yang Listing di Bursa Efek Indonesia tahun 2018-2019)

Jurnal Ilmiah Riset Akuntansi

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Title PENGARUH PENGUMUMAN UPGRADE DAN DOWNGRADE BOND RATING TERHADAP ABNORMAL RETURN SAHAM DI BURSA EFEK INDONESIA (Studi Empiris pada Perusahaan yang Listing di Bursa Efek Indonesia tahun 2018-2019)
 
Creator Indani, Indah Putri
Maslichah, Maslichah
Sudaryanti, Dwiyani
 
Description This study aims to determine the existence of significant stock abnormal returns around the announcement of bond rating upgrades and downgrades in companies that issue shares and bonds listed on the Indonesia Stock Exchange (BEI) in 2019. Information on upgrading and downgrade bond rating announcements is published by rating agencies, namely PT. Pefindo (PT. Pemeringkat Efek Indonesia). Data collection method used in this study is to use purposive sampling method in order to obtain a total sample of 11 companies. This research is an event study with 11 days of observation period that is 5 days before the announcement, 1 day during the announcement, and 5 days after the bond rating announcement. Research data and hypotheses in this study were analyzed using SPSS 16.0. The results of this study indicate that there is no significant abnormal return around the announcement of the bond rating upgrade and downgrade can be seen from the value of t AAR upgrade bond rating of -0.132 and the significance of t 0.898> 0.05, and the value of t AAR downgrade bond rating of 0.326 and Significance results t 0.751> 0.05. Keywords : abnormal return, upgrade bond rating, downgrade bond rating, stock returns, event study
 
Publisher Jurnal Ilmiah Riset Akuntansi
 
Contributor —
 
Date 2020-02-05
 
Type info:eu-repo/semantics/article
info:eu-repo/semantics/publishedVersion
Peer-reviewed Article
 
Format application/pdf
 
Identifier http://riset.unisma.ac.id/index.php/jra/article/view/6189
 
Source Jurnal Ilmiah Riset Akuntansi; Vol 9, No 04 (2020): e_Jurnal Ilmiah Riset Akuntansi Februari 2020
2302-7061
 
Language eng
 
Relation http://riset.unisma.ac.id/index.php/jra/article/view/6189/5091
 
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