REAKSI PASAR TERHADAP PENGUMUMAN EMPLOYEE STOCK OWNERSHIP PROGRAM

In Indonesia, the increasing of Employee Stock Ownership Program (ESOP) was relative known new, so itneeded any evidence for the market reaction in Indonesia stock exchange. From the latest problem, the purposeof this research was to know how the market reaction for the announcement of ESOP in Indon...

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Main Author: Christian Herdinata
Format: Article
Language:English
Published: Universitas Merdeka Malang 2017-03-01
Series:Jurnal Keuangan dan Perbankan
Subjects:
Online Access:http://jurnal.unmer.ac.id/index.php/jkdp/article/view/1048
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spelling doaj-1b8b4805a46544e7a2915838314563ea2020-11-24T23:50:05ZengUniversitas Merdeka MalangJurnal Keuangan dan Perbankan1410-80892443-26872017-03-01161763REAKSI PASAR TERHADAP PENGUMUMAN EMPLOYEE STOCK OWNERSHIP PROGRAMChristian Herdinata0Fakultas Ekonomi Jurusan International Business Management Universitas Ciputra Surabaya Jl. Waterpark, Boulevard Citra Land, Surabaya, 60216.In Indonesia, the increasing of Employee Stock Ownership Program (ESOP) was relative known new, so itneeded any evidence for the market reaction in Indonesia stock exchange. From the latest problem, the purposeof this research was to know how the market reaction for the announcement of ESOP in Indonesia StockExchange. Samples on this research were the companies which were listed in BEI that had announced ESOP forperiod January 1st, 2000 – December 31st, 2010. Analysis technique on hypotesis test related with marketreaction for ESOP announcement was done by event study to calculate abnormal return. Research resultshowed that market tended to ignore ESOP announcement. And it meant that ESOP announcement was notconsidered as a signaling, which gave a good information for the investor in Indonesia to achieve profit.http://jurnal.unmer.ac.id/index.php/jkdp/article/view/1048ESOP (Employee Stock Ownership Program), marker reaction, signaling hypothesis, event study.
collection DOAJ
language English
format Article
sources DOAJ
author Christian Herdinata
spellingShingle Christian Herdinata
REAKSI PASAR TERHADAP PENGUMUMAN EMPLOYEE STOCK OWNERSHIP PROGRAM
Jurnal Keuangan dan Perbankan
ESOP (Employee Stock Ownership Program), marker reaction, signaling hypothesis, event study.
author_facet Christian Herdinata
author_sort Christian Herdinata
title REAKSI PASAR TERHADAP PENGUMUMAN EMPLOYEE STOCK OWNERSHIP PROGRAM
title_short REAKSI PASAR TERHADAP PENGUMUMAN EMPLOYEE STOCK OWNERSHIP PROGRAM
title_full REAKSI PASAR TERHADAP PENGUMUMAN EMPLOYEE STOCK OWNERSHIP PROGRAM
title_fullStr REAKSI PASAR TERHADAP PENGUMUMAN EMPLOYEE STOCK OWNERSHIP PROGRAM
title_full_unstemmed REAKSI PASAR TERHADAP PENGUMUMAN EMPLOYEE STOCK OWNERSHIP PROGRAM
title_sort reaksi pasar terhadap pengumuman employee stock ownership program
publisher Universitas Merdeka Malang
series Jurnal Keuangan dan Perbankan
issn 1410-8089
2443-2687
publishDate 2017-03-01
description In Indonesia, the increasing of Employee Stock Ownership Program (ESOP) was relative known new, so itneeded any evidence for the market reaction in Indonesia stock exchange. From the latest problem, the purposeof this research was to know how the market reaction for the announcement of ESOP in Indonesia StockExchange. Samples on this research were the companies which were listed in BEI that had announced ESOP forperiod January 1st, 2000 – December 31st, 2010. Analysis technique on hypotesis test related with marketreaction for ESOP announcement was done by event study to calculate abnormal return. Research resultshowed that market tended to ignore ESOP announcement. And it meant that ESOP announcement was notconsidered as a signaling, which gave a good information for the investor in Indonesia to achieve profit.
topic ESOP (Employee Stock Ownership Program), marker reaction, signaling hypothesis, event study.
url http://jurnal.unmer.ac.id/index.php/jkdp/article/view/1048
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