ANALISIS FAKTOR FAKTOR YANG BERPENGARUH TERHADAP TINGKAT UNDERPRICING SAHAM PADA SAAT INITIAL OFFERING PUBLIC
Abstract
This research aims to analyze the performance of Indonesia Stock Exchange to ASEAN stock
market during period 2012-2016. The technique of determining the sample using purposive
sampling method and 6 countries as sample are Indonesia, Singapore, Malaysia, Vietnam and
Philippines. Hypothesis testing in this study using Descriptive Statistics Analysis, Test Run and
Kolomogorov Smirnov with a significance level of 0.05. Test results show that: (1) Indonesia
Stock Exchange has the highest efficient rating in ASEAN stock market (2) ASEAN Stock
Exchange effect on Indonesia Stock Exchange. (3) The Indonesia Stock Exchange has a stock
return pattern that fluctuates normally in the ASEAN stock market.
Keywords : efficient market hypothesis, stock market, stock return
market during period 2012-2016. The technique of determining the sample using purposive
sampling method and 6 countries as sample are Indonesia, Singapore, Malaysia, Vietnam and
Philippines. Hypothesis testing in this study using Descriptive Statistics Analysis, Test Run and
Kolomogorov Smirnov with a significance level of 0.05. Test results show that: (1) Indonesia
Stock Exchange has the highest efficient rating in ASEAN stock market (2) ASEAN Stock
Exchange effect on Indonesia Stock Exchange. (3) The Indonesia Stock Exchange has a stock
return pattern that fluctuates normally in the ASEAN stock market.
Keywords : efficient market hypothesis, stock market, stock return
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