Penilaian Harga Saham BBCA (Studi pada Saat Buyback Tahun 2008)

• Main Authors: , Shendy Chintama Kurniawan, , Prof. Dr. Sukmawati Sukamulja, M.M.
• Format: Theses and Dissertations NonPeerReviewed
• Published: [Yogyakarta] : Universitas Gadjah Mada 2013
• Subjects: ETD
• Online Access: https://repository.ugm.ac.id/119185/; http://etd.ugm.ac.id/index.php?mod=penelitian_detail&sub=PenelitianDetail&act=view&typ=html&buku_id=59180
• Institution: Universitas Gadjah Mada

Information is a very important factor in decision making. Lack of information will cause the decision that has been made, out of target. In stock market, investors are very dependent on relevant information for decision making (efficient market). Some corporate action which was taken by the management on the company will affect its stock price on the market. The main purpose of this research is to evaluate the BBCA stock price after the BCA�s management decides to buy back its stock in 2008 for strengthening company�s capital. Data on this research is majority secondary data which is collected from historical price in Bursa Efek Indonesia, Annual Report published by company, and Rencana Bisnis Bank. Primary data only collected from interview with Mr. Darmawan Soetedjo as Head of Regional Office (2008 � 2011). To do stock valuation, fundamental analysis is used, started from macroeconomic, industry analysis, and company analysis. In 2008, there was subprime mortgage crisis in United States of America which caused global economic crisis. In 2008, BCA gain profit because its realization buy back cost is less than budgeted and also regarding to literature review, signaling theory showed that buyback gave positive impact to its stock price and in this research it was proven to BBCA stock�s price.