DOES “MONDAY EFFECT” REALLY OCCUR IN INDONESIAN?:  EVIDENCE FROM INDEXED LQ45 COMPANIES

dc.contributor.author	Maharani, Bunga
dc.contributor.author	Irmadariyani, Ririn
dc.date.accessioned	2017-01-23T05:19:58Z
dc.date.available	2017-01-23T05:19:58Z
dc.date.issued	2017-01-23
dc.identifier.isbn	978-602-60569-1-7
dc.identifier.uri	http://repository.unej.ac.id/handle/123456789/79084
dc.description	Proceeding The 1th International Conference on Business and Accounting Studies Faculty of Economics and Business University of Jember	en_US
dc.description.abstract	One of the widely studied seasonal effect and market anomaly is Monday Effect. It happens when stock returns were significantly negative on Monday. This study examines empirically the phenomenon Monday Effect on indexed LQ45 companies in Indonesia for the period from January to December 2015. There are 38 companies sampled in this study. This study uses nonparametric statistical analysis to test the hypothesis which consisting of the Kruskal-Wallis test, Wilcoxon test, and TauKendall test. Our results prove that there is a difference of return on the day-to-day trading. Our study also present the Monday Effect in real terms and partial. In addition, we found that the return on Monday affected by return on Friday the previous week.	en_US
dc.language.iso	en	en_US
dc.subject	Seasonal Anomalies	en_US
dc.subject	Monday Effect	en_US
dc.subject	Return	en_US
dc.title	DOES “MONDAY EFFECT” REALLY OCCUR IN INDONESIAN?: EVIDENCE FROM INDEXED LQ45 COMPANIES	en_US
dc.type	Prosiding	en_US