Institutional Ownership and January Effect
| Main Authors: | Muhammad Madyan, NIDN. 0004017104, Allan Rizky Arianto |
|---|---|
| Format: | Article PeerReviewed Book |
| Bahasa: | eng |
| Terbitan: |
Institute of Advanced Scientific Research
, 2019
|
| Subjects: | |
| Online Access: |
http://repository.unair.ac.id/91066/1/Moh.%20Madyan-Karya%20Ilmiah-004_Institutional%20Ownership%20and%20January%20Effect.pdf http://repository.unair.ac.id/91066/2/Moh.%20Madyan-Similarity04_Institutional%20Ownership%20and%20January%20Effect.pdf http://repository.unair.ac.id/91066/3/Muhammad%20Madyan_Peer%20Review%20004.pdf http://repository.unair.ac.id/91066/ http://www.jardcs.org/archivesview.php?volume=1&issue=12&page=6# |
| ctrlnum |
91066 |
|---|---|
| fullrecord |
<?xml version="1.0"?>
<dc schemaLocation="http://www.openarchives.org/OAI/2.0/oai_dc/ http://www.openarchives.org/OAI/2.0/oai_dc.xsd"><relation>http://repository.unair.ac.id/91066/</relation><title>Institutional Ownership and January Effect</title><creator>Muhammad Madyan, NIDN. 0004017104</creator><creator>Allan Rizky Arianto</creator><subject>HD5701-6000.9 Labor market. Labor supply. Labor demand</subject><subject>HG4001-4285 Finance management. Business finance.Corporation finance</subject><subject>HG4701-4751 Government securities. Industrial securities. Venture capital</subject><description>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.</description><publisher>Institute of Advanced Scientific Research</publisher><date>2019</date><type>Journal:Article</type><type>PeerReview:PeerReviewed</type><type>Book:Book</type><language>eng</language><identifier>http://repository.unair.ac.id/91066/1/Moh.%20Madyan-Karya%20Ilmiah-004_Institutional%20Ownership%20and%20January%20Effect.pdf</identifier><type>Book:Book</type><language>eng</language><identifier>http://repository.unair.ac.id/91066/2/Moh.%20Madyan-Similarity04_Institutional%20Ownership%20and%20January%20Effect.pdf</identifier><type>Book:Book</type><language>ind</language><identifier>http://repository.unair.ac.id/91066/3/Muhammad%20Madyan_Peer%20Review%20004.pdf</identifier><identifier> Muhammad Madyan, NIDN. 0004017104 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 </identifier><relation>http://www.jardcs.org/archivesview.php?volume=1&issue=12&page=6#</relation><recordID>91066</recordID></dc>
|
| language |
eng |
| format |
Journal:Article Journal PeerReview:PeerReviewed PeerReview Book:Book Book |
| author |
Muhammad Madyan, NIDN. 0004017104 Allan Rizky Arianto |
| title |
Institutional Ownership and January Effect |
| publisher |
Institute of Advanced Scientific Research |
| publishDate |
2019 |
| isbn |
9780004017105 |
| topic |
HD5701-6000.9 Labor market. Labor supply. Labor demand HG4001-4285 Finance management. Business finance.Corporation finance HG4701-4751 Government securities. Industrial securities. Venture capital |
| url |
http://repository.unair.ac.id/91066/1/Moh.%20Madyan-Karya%20Ilmiah-004_Institutional%20Ownership%20and%20January%20Effect.pdf http://repository.unair.ac.id/91066/2/Moh.%20Madyan-Similarity04_Institutional%20Ownership%20and%20January%20Effect.pdf http://repository.unair.ac.id/91066/3/Muhammad%20Madyan_Peer%20Review%20004.pdf http://repository.unair.ac.id/91066/ http://www.jardcs.org/archivesview.php?volume=1&issue=12&page=6# |
| contents |
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. |
| id |
IOS3215.91066 |
| institution |
Universitas Airlangga |
| institution_id |
33 |
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library:university library |
| library |
Perpustakaan Universitas Airlangga |
| library_id |
468 |
| collection |
Airlangga Institutional Repositories |
| repository_id |
3215 |
| subject_area |
Adat Istiadat Administrasi Negara dan Militer Agama |
| city |
KOTA SURABAYA |
| province |
JAWA TIMUR |
| repoId |
IOS3215 |
| first_indexed |
2019-11-22T20:28:18Z |
| last_indexed |
2019-11-22T20:28:18Z |
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dc |
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1685906622120984576 |
| score |
17.607244 |