Overreact Hypothesis dan Price Earning Ratio Anomaly Saham - Saham Sektor Manufaktur di Bursa Efek Jakarta  

Oleh:

Sukmawati S. ; Hermawan, Daniel

Jenis: Article from Bulletin/Magazine
Dalam koleksi: Jurnal Riset Ekonomi dan Manajemen vol. 3 no. 1 (Jan. 2003), page 91-107.
Topik: hypothesis; overraction hypothesis; price earning ratio; jakarta stock exchange
Fulltext: JJ111 3(10 0103 91-107.pdf (359.91KB)

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Perpustakaan Pusat (Semanggi) Nomor Panggil: JJ111 Non-tandon: 1 (dapat dipinjam: 0) Tandon: tidak ada

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The overreaction hypothesis predicts that securities suffering abnormally low return (losers) will subsequently experience abnormally high return. On the contrary, securities with abnormally high return (winners) will later experience abnormally low returns. The behaviour of extreme winner and extreme losers stocks is followed throughout the years between 1996 and 2000. The evidenc eof this study seems to indicate that the price limit rule has not been effective in the jakarta stock exchange. Overreact appear in limit time and separate in its more. In general, risk of winners and losers are not constant over time.

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