?url_ver=Z39.88-2004&rft_val_fmt=info%3Aofi%2Ffmt%3Akev%3Amtx%3Adc&rft.title=ANALISIS+ABNORMAL+RETURN+SAHAM+SEPUTAR+PERISTIWA%0D%0APENGUMUMAN+UPGRADE+DAN+DOWNGRADE+BOND+RATING%0D%0APADA+PERUSAHAAN+PENERBIT+SAHAM+DAN+OBLIGASI+YANG%0D%0ATERDAFTAR+DI+BURSA+EFEK+INDONESIA+(BEI)+TAHUN+2016&rft.creator=RENITA+AYUNI%2C+1311011127&rft.subject=HD61+Risk+Management&rft.description=Penelitian+ini+dilakukan+untuk+mengetahui+adanya+abnormal+return+saham+yang%0D%0Asignifikan+pada+periode+seputar+peristiwa+pengumuman+upgrade+dan+downgrade%0D%0Abond+rating+pada+perusahaan+penerbit+saham+dan+obligasi+yang+terdaftar+di+Bursa%0D%0AEfek+Indonesia+(BEI)+tahun+2016.+Peristiwa+pengumuman+upgrade+dan%0D%0Adowngrade+bond+rating+dipublikasikan+oleh+lembaga+pemeringkat+yaitu+PT.%0D%0APefindo.+Teknik+pengambilan+sampel+penelitian+dilakukan+dengan+metode%0D%0Apurposive+sampling.+Sampel+pada+penelitian+ini+adalah+5+perusahaan+yang%0D%0Adinyatakan+upgrade+bond+rating+dan+17+perusahaan+yang+dinyatakan+downgrade%0D%0Abond+rating.+Penelitian+ini+adalah+event+study+dengan+periode+pengamatan+selama%0D%0A11+hari+(5+hari+sebelum+dan+5+hari+sesudah+peristiwa).+Perhitungan+expected+return%0D%0Amenggunakan+mean+adjusted+model%2C+market+adjusted+model%2C+dan+market+model.%0D%0APengujian+hipotesis+dalam+penelitian+ini+menggunakan+alat+analisis+one+sample+ttest.%0D%0AHasil+penelitian+ini+menunjukkan+bahwa+tidak+terdapat+abnormal+return%0D%0Asaham+yang+signifikan+pada+periode+seputar+peristiwa+pengumuman+upgrade+bond%0D%0Arating+dan+tidak+terdapat+abnormal+return+saham+yang+signifikan+pada+periode%0D%0Aseputar+peristiwa+pengumuman+downgrade+bond+rating.+Hasil+ini+menjelaskan%0D%0Abahwa+pengumuman+upgrade+dan+downgrade+bond+rating+tidak+memiliki+nilai%0D%0Aekonomis+yang+dapat+membuat+investor+bereaksi.%0D%0AKata+Kunci+%3A+Abnormal+Return%2C+Teori+Efisiensi+Pasar%2C+Upgrade+Bond+Rating%2C%0D%0ADowngrade+Bond+Rating%0D%0A%0D%0A%0D%0A%0D%0AABSTRACT%0D%0A%0D%0A%0D%0AThis+research+done+to+determine+the+existence+of+significant+abnormal+stock+return%0D%0Aaround+the+event+of+upgrade+and+downgrade+bond+rating+announcement+in+the%0D%0Astock+and+bond+issuer+companies+listed+in+Indonesian+Stock+Exchange+(BEI)+2016.%0D%0AUpgrade+and+downgrade+bond+rating+event+announced+by+a+rating+company+that%0D%0Ais+PT.+Pefindo.+Data+interpretation+technique+in+this+research+uses+purposive%0D%0Asampling+method.+The+sample+in+this+research+are+5+companies+that+stated%0D%0Aupgrade+bond+rating+and+17+companies+that+stated+downgrade+bond+rating.+This%0D%0Aresearch+is+an+event+study+which+observed+during+11+days+(5+days+before+and+5%0D%0Adays+after+the+event).+Calculation+of+expected+return+use+mean+adjusted+model%2C%0D%0Amarket+adjusted+model%2C+and+market+model.+Hypothesis+testing+use+one+sample+ttest%0D%0Aas+analytical+tools.+The+results+of+this+research+indicate+that+there+is+no%0D%0Asignificant+abnormal+return+around+the+announcement+of+upgrade+bond+rating%0D%0Aand+there+is+no+significant+abnormal+return+around+the+announcement+of+the%0D%0Adowngrade+bond+rating.+This+explains+that+the+announcement+of+upgrade+and%0D%0Adowngrade+bond+rating+has+no+economic+value+that+can+make+investors+react.%0D%0AKey+Words+%3A+Abnormal+Return%2C+Efficiency+Market+Theory%2C+Upgrade+Bond%0D%0ARating%2C+Downgrade+Bond+Rating&rft.publisher=FAKULTAS+EKONOMI+DAN+BISNIS&rft.date=2017-06-09&rft.type=Skripsi&rft.type=NonPeerReviewed&rft.format=text&rft.identifier=http%3A%2F%2Fdigilib.unila.ac.id%2F26949%2F1%2FABSTRAK.pdf&rft.format=text&rft.identifier=http%3A%2F%2Fdigilib.unila.ac.id%2F26949%2F2%2FSKRIPSI%2520FULL.pdf&rft.format=text&rft.identifier=http%3A%2F%2Fdigilib.unila.ac.id%2F26949%2F3%2FSKRIPSI%2520TANPA%2520BAB%2520PEMBAHASAN.pdf&rft.identifier=++RENITA+AYUNI%2C+1311011127++(2017)+ANALISIS+ABNORMAL+RETURN+SAHAM+SEPUTAR+PERISTIWA+PENGUMUMAN+UPGRADE+DAN+DOWNGRADE+BOND+RATING+PADA+PERUSAHAAN+PENERBIT+SAHAM+DAN+OBLIGASI+YANG+TERDAFTAR+DI+BURSA+EFEK+INDONESIA+(BEI)+TAHUN+2016.++FAKULTAS+EKONOMI+DAN+BISNIS%2C+UNIVERSITAS+LAMPUNG.+++++&rft.relation=http%3A%2F%2Fdigilib.unila.ac.id%2F26949%2F