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Studi Empiris Tentang Pegaruh Volume Perdagangan dan Return terhadap Bid-Ask Spread Saham Industri Rokok di Bursa Efek Jakarta Dengan Model Koreksi Kesalahan

In US Capital Market, the empirical evident showed that the effet of inventory holding cost of stock on bid-ask spread was positive. This paper attemots to confirm the effect in Indoensian Capital Market. The confirmation is performed by using the error coreection model (ECM). The case in cigarette...

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Main Author: Abdul Halim, Nasuhi Hidayat
Format: Jurnal
Language: Bahasa Indonesia
Published: IAIKAP 2000
Subjects:
Jurnal Riset Akuntansi Indonesia Bid
ask spread ECM Inventory holding cost of stock
Online Access: http://oaipmh-jogjalib.umy.ac.idkatalog.php?opo=lihatDetilKatalog&id=52013
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id oai:lib.umy.ac.id:52013
recordtype oai_dc
spelling oai:lib.umy.ac.id:520132021-06-16T13:06:14ZStudi Empiris Tentang Pegaruh Volume Perdagangan dan Return terhadap Bid-Ask Spread Saham Industri Rokok di Bursa Efek Jakarta Dengan Model Koreksi KesalahanAbdul Halim, Nasuhi HidayatJurnal Riset Akuntansi Indonesia Bidask spread ECM Inventory holding cost of stockIn US Capital Market, the empirical evident showed that the effet of inventory holding cost of stock on bid-ask spread was positive. This paper attemots to confirm the effect in Indoensian Capital Market. The confirmation is performed by using the error coreection model (ECM). The case in cigarette industry is used in this paper. There are three companies in this industry including PT BAT. PT H.M. Sampoerna and PT Gudang Garam The daily time series data for the year 1996, 1997 and 1998 are used to be analyzed. It was found that the ECM estimation gave the ecident that the transaction volume and/or return negatively effects on bid-ask spread both in term of absolute and relative in cigarette industry. It means that the investory holding cost of stock on bid-ask spread would be postive. Accordingly, the finding is consistent and confirmend.IAIKAP2000Jurnal1ISBN:1410-6817JRAI MM Vol. 3 No. 1 2000Bahasa Indonesiahttp://oaipmh-jogjalib.umy.ac.idkatalog.php?opo=lihatDetilKatalog&id=52013
institution Universitas Muhammadiyah Yogyakarta
collection Perpustakaan Yogyakarta
language Bahasa Indonesia
topic Jurnal Riset Akuntansi Indonesia Bid
ask spread ECM Inventory holding cost of stock
spellingShingle Jurnal Riset Akuntansi Indonesia Bid
ask spread ECM Inventory holding cost of stock
Abdul Halim, Nasuhi Hidayat
Studi Empiris Tentang Pegaruh Volume Perdagangan dan Return terhadap Bid-Ask Spread Saham Industri Rokok di Bursa Efek Jakarta Dengan Model Koreksi Kesalahan
description In US Capital Market, the empirical evident showed that the effet of inventory holding cost of stock on bid-ask spread was positive. This paper attemots to confirm the effect in Indoensian Capital Market. The confirmation is performed by using the error coreection model (ECM). The case in cigarette industry is used in this paper. There are three companies in this industry including PT BAT. PT H.M. Sampoerna and PT Gudang Garam The daily time series data for the year 1996, 1997 and 1998 are used to be analyzed. It was found that the ECM estimation gave the ecident that the transaction volume and/or return negatively effects on bid-ask spread both in term of absolute and relative in cigarette industry. It means that the investory holding cost of stock on bid-ask spread would be postive. Accordingly, the finding is consistent and confirmend.
format Jurnal
author Abdul Halim, Nasuhi Hidayat
author_sort Abdul Halim, Nasuhi Hidayat
title Studi Empiris Tentang Pegaruh Volume Perdagangan dan Return terhadap Bid-Ask Spread Saham Industri Rokok di Bursa Efek Jakarta Dengan Model Koreksi Kesalahan
title_short Studi Empiris Tentang Pegaruh Volume Perdagangan dan Return terhadap Bid-Ask Spread Saham Industri Rokok di Bursa Efek Jakarta Dengan Model Koreksi Kesalahan
title_full Studi Empiris Tentang Pegaruh Volume Perdagangan dan Return terhadap Bid-Ask Spread Saham Industri Rokok di Bursa Efek Jakarta Dengan Model Koreksi Kesalahan
title_fullStr Studi Empiris Tentang Pegaruh Volume Perdagangan dan Return terhadap Bid-Ask Spread Saham Industri Rokok di Bursa Efek Jakarta Dengan Model Koreksi Kesalahan
title_full_unstemmed Studi Empiris Tentang Pegaruh Volume Perdagangan dan Return terhadap Bid-Ask Spread Saham Industri Rokok di Bursa Efek Jakarta Dengan Model Koreksi Kesalahan
title_sort studi empiris tentang pegaruh volume perdagangan dan return terhadap bid-ask spread saham industri rokok di bursa efek jakarta dengan model koreksi kesalahan
physical 1
publisher IAIKAP
publishDate 2000
url http://oaipmh-jogjalib.umy.ac.idkatalog.php?opo=lihatDetilKatalog&id=52013
isbn ISBN:1410-6817
callnumber-raw JRAI MM Vol. 3 No. 1 2000
callnumber-search JRAI MM Vol. 3 No. 1 2000
_version_ 1702748656548970496
score 14.79448

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