Muhammad Madyan and Allan Rizky Arianto (2019) Institutional Ownership and January Effect. Journal of Edvanced Research in Dynamical and Control System, 11 (05). pp. 1285-1301. ISSN 1943-023X
![[img]](https://repository.unair.ac.id/style/images/fileicons/text.png) |
Text (article)
Moh. Madyan-Karya Ilmiah-004_Institutional Ownership and January Effect.pdf Download (163kB) |
|
Text (similarity)
Moh. Madyan-Similarity04_Institutional Ownership and January Effect.pdf Download (932kB) |
|
Text (Peer Review)
Muhammad Madyan_Peer Review 004 (Revisi).pdf Download (1MB) |
Abstract
One of the market anomalies that often occurs in the capital market is the January Effect. This phenomenon occurs when stock returns in January become higher or increase compared to other months. Thus, this study aimed to analyze the January Effect and test the effect of institutional ownership of the anomaly January Effect. This study also uses market returns, stock turnover, and firm’s size as control variables. The sample in this study were 73 companies that are categorized as LQ-45 inIndonesia Stock Exchange(ISE) period of 2012 to 2014 in accordance with predetermined criteria. This research method is purposive sampling with analysis techniques using t-test and Moderated Regression Analysis (MRA) which uses (α = 5%). The results of this study proves that the January Effect andinstitutional ownership has significant negative effect on January Effect. In addition, the results showed that market return, stock turnover, and firm’s size has a significant positive effect on return.
| Item Type: | Article | ||||||
|---|---|---|---|---|---|---|---|
| Uncontrolled Keywords: | Institutional Ownership, January Effect, Return | ||||||
| Subjects: | H Social Sciences > HD Industries. Land use. Labor > HD5701-6000.9 Labor market. Labor supply. Labor demand H Social Sciences > HG Finance > HG4001-4285 Finance management. Business finance.Corporation finance H Social Sciences > HG Finance > HG4501-6051 Investment, capital formation, speculation > HG4701-4751 Government securities. Industrial securities. Venture capital |
||||||
| Divisions: | 04. Fakultas Ekonomi dan Bisnis > Manajemen | ||||||
| Creators: |
|
||||||
| Depositing User: | Tn Sugeng Riyanto | ||||||
| Date Deposited: | 19 Nov 2019 03:53 | ||||||
| Last Modified: | 13 Dec 2019 08:34 | ||||||
| URI: | http://repository.unair.ac.id/id/eprint/91066 | ||||||
| Sosial Share: | |||||||
Actions (login required)
 |
View Item |