Pasaribu, Rowland Bismark Fernando (2010): Anomali Overreaction di bursa efek Indonesia: Penelitian Saham LQ-45. Published in: Jurnal Ekonomi dan Bisnis , Vol. 5, No. 2 (July 2011): pp. 87-115.
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As reaction from market inefficient specified about information distribution, all market participant trying to reduce the effect with various means, among other things by perceiving historical behavior of share price. One of result namely contrarian strategy by believing that loser portfolio will experience of rebound conversely degradation at share winner portfolio. This study aim to prove existency of overreaction anomaly effect in Indonesia Stock Market specially the LQ-45 during 2003-2007. By using Debont-Thaler approach, empirical result express that there is no symptom of overreaction anomaly at three-month, six-month, and annual period. Therefore the study recommend the investor to avoid contrarian strategy specially of LQ-45 stocks.
|Item Type:||MPRA Paper|
|Original Title:||Anomali Overreaction di bursa efek Indonesia: Penelitian Saham LQ-45|
|English Title:||Overreaction Anomaly in Indonesia Stock Exchange: Case Study of LQ-45 Stocks|
|Keywords:||Market Efficiency, Overreaction, Portfolio, Return, Risk, Indonesia|
|Subjects:||G - Financial Economics > G1 - General Financial Markets > G14 - Information and Market Efficiency ; Event Studies ; Insider Trading
G - Financial Economics > G1 - General Financial Markets > G12 - Asset Pricing ; Trading Volume ; Bond Interest Rates
G - Financial Economics > G1 - General Financial Markets > G11 - Portfolio Choice ; Investment Decisions
|Depositing User:||Rowland Pasaribu|
|Date Deposited:||09. Jul 2012 02:46|
|Last Modified:||27. May 2015 18:38|
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