Disposition Effect terhadap Hubungan antara Nilai Fundamental dan Harga Saham pada Periode Krisis Finansial

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Saturday, 31 December 2011 10:30
Yohanes Indrayono Jurusan Akuntansi Fakultas Ekonomi Universitas Pakuan Abstract Stock price was positively affected by a change of company fundamental value which included profitability, growth, and dividend factor. Excess volatility hypothesis, on the other hand, indicated that stock price was too volatile correlated to its fundamental value. This study empirically investigated the moderating impact of disposition effect - the tendency to sell stocks that had appreciated in price (winners) too soon and to hold stocks that trade price below the purchase price (losers) too long - on the ralationship between fundamental values and stock prices. Fifty-three stocks of Indonesian Stock Exchange were chosen as the research sample bases on .... selengkapnya baca di sini.
Last Updated ( Saturday, 31 December 2011 10:46 )