ANALISIS PERILAKU HERDING PADA SAHAM-SAHAM WINNERS DAN LOSERS TAHUN 2016-2018

YULMA, ANNA MELATI (2019) ANALISIS PERILAKU HERDING PADA SAHAM-SAHAM WINNERS DAN LOSERS TAHUN 2016-2018. Other thesis, UNIKA SOEGIJAPRANATA SEMARANG.

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Abstract

The investment is one of the ways financial planning in order to meet the needs of the present nor the future. One of the many attractive investment option is investing in stocks. In general, investors before deciding on investment decisions will be looking for information relating to the company that issued the stock. However, it does not cover the possibility if there are investors who follow the decisions of other investors because it considers other investors better. This can be called herding. This study tested the herding behavior in Indonesia stocks on the winners and losers of the year 2016-2018. To test the behavior of herding so researchers use model Cross-Sectional Absolute Deviation (CSAD) proposed by Chang, Cheng and Khorana (2000). Bound variables in this study is Cross-Sectional Absolute Deviation (CSAD). Free variables in this study is the return of the market. Hypothesis testing using regression analysis with 5% significance. The results showed that on stock winners and losers herding behavior does not occur. It can be concluded that investors in Indonesia already bererilaku rational in taking investment decisions. This is because investing, investors do not follow the resolutions of the other investors. Suggestions for further research researchers is add another variable, the data stocks using daily data to make it more specific, and a period of research added. Keywords: Herding, CSAD, Return of the Market

Item Type: Thesis (Other)
Subjects: 300 Social Sciences > 330 Economics > Financial Economics > Stock Exchange
Divisions: Faculty of Economics and Business > Department of Management
Depositing User: Mr Lucius Oentoeng
Date Deposited: 22 Nov 2019 01:38
Last Modified: 20 Nov 2020 02:32
URI: http://repository.unika.ac.id/id/eprint/20171

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