Pengujian Prospect Theory: Dampak Hasil Pertandingan Sepakbola SEA Games terhadap Return Saham di Indonesia Tahun 1997-2011
Motivated from the many psychological facts which show that the results of sporting events have a strong impact on mood, this study investigates the impact of the results of the SEA Games football match in the stock market in Indonesia in 1997-2011. The results show a negative abnormal returns are l...
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| Main Authors: | , |
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| Format: | Theses and Dissertations NonPeerReviewed |
| Published: |
[Yogyakarta] : Universitas Gadjah Mada
2012
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| Subjects: | |
| Online Access: | https://repository.ugm.ac.id/100733/ http://etd.ugm.ac.id/index.php?mod=penelitian_detail&sub=PenelitianDetail&act=view&typ=html&buku_id=57932 |
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| Institution: | Universitas Gadjah Mada |
| Summary: | Motivated from the many psychological facts which show that the results of sporting
events have a strong impact on mood, this study investigates the impact of the results
of the SEA Games football match in the stock market in Indonesia in 1997-2011. The
results show a negative abnormal returns are larger after a soccer losses than a
positive abnormal return after SEA Games soccer match winning. The impact of the
soccer losses aginst the value index that proxied by the price-to-book ratio and the
index stocks with small market capitalization proved statistically significant. Despite
the soccer loss impact between the value index and the growth index have no
significant difference. In addition, the results of football matches have no effect on
the volume of trade |
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