Jurnal Magister Akuntansi Trisakti
Vol. 2 No. 1 (2015): Februari

EFISIENSI PASAR SAHAM SYARIAH DI INDONESIA BERDASARKAN PENGUMUMAN PERUBAHAN KOMPOSISI SAHAMDI JAKARTA ISLAMIC INDEX (JII)

Mas Nur Mukmin (Fakultas Ekonomi dan Bisnis Universitas Trisakti)
Hermi Hermi (Fakultas Ekonomi dan Bisnis Universitas Trisakti)

Article Info

Publish Date
01 Mar 2015

Abstract

This research is aim to figure out the information content and market efficiency of syariah stock exchange in Indonesia based on the announcement of the change of stock composition in Jakarta Islamic Index (JII). This research is addressed to the included and excluded stocks. This research use event study method. The window event last for seven days (t-3 to t+3).The result support signalling theory. There’s no abnormal return around the window event for the included stocks. Negative abnormal return exist for the excluded stocks. The result also showed that JII is an efficient market in a semi-strong form based on the announcement of the JII stock composition change.

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Journal Info
Jurnal Magister Akuntansi Trisakti
Website

Abbrev

jmat

Publisher

Universitas Trisakti

Subject

Economics, Econometrics & Finance

Description

The JMAT invites manuscripts in the various topics include, but not limited to, functional areas of financial accounting, accounting sharia, behavioural accounting, information system, auditing, fraud, accounting education, management accounting, management control system, international accounting, ...