UI - Tesis (Open) :: Kembali

UI - Tesis (Open) :: Kembali

Pengaruh comparable firms terhadap akurasi metode valuasi price to earnings ratio (studi kasus: saham-saham indeks LQ45) = The effect of the set of comparable firms on the accuracy of the price earnings ratio valuation method (case study: LQ45 index stocks)

Velnik Ismael; Sembel, Roy Hendra Michael, supervisor; Manurung, Adler Haymans, 1961-, examiner; Eko Rizkianto, examiner ([Publisher not identified] , 2011)
 Abstrak
[ABSTRAK
Tesis ini membahas pengaruh pemilihan perusahaan sebanding terhadap akurasi
metode valuasi Price Earnings Ratio (P/E) dalam memprediksi harga saham,
khususnya untuk saham-saham yang tergabung dalam indeks LQ45. Pada
dasarnya, tulisan ini menggunakan dua metode pemilihan perusahaan sebanding,
yaitu metode konvensional dan metode regresi, seperti yang telah dilakukan oleh
Alford (1992) dan Bhojraj & Lee (2002). Akurasi prediksi harga saham diukur
dengan nilai kesalahan prediksi absolut dari masing-masing metode ini. Hasil
penelitian menyimpulkan bahwa metode pemilihan perusahaan sebanding dengan
kedua metode tersebut memberikan hasil kesalahan prediksi absolut yang tidak
berbeda secara statistik. Tingkat kesalahan prediksi absolut untuk kedua metode
tersebut cukup tinggi, sehingga tidak disarankan untuk menggunakan metode
valuasi relatif ini sebagai alat utama untuk memprediksi harga saham.

Abstract
The focus of this study is to examine the effect of the set of comparable firms on
the accuracy of the price earnings method to predict the stock price, especially for
LQ45 index stocks. In general, this study use two method of selecting the set of
comparable firms, conventional and regression methods, as done by Alford (1992)
and Bhojraj & Lee (2002). The stock price predictions accuracy was measured by
the absolute prediction error. The results suggest that there is no significant
difference in prediction error between each method statistically. The absolute
prediction errors were quite high for both methods, so it not recommended using
this relative valuation method as the main tool to predict a stock price.;The focus of this study is to examine the effect of the set of comparable firms on
the accuracy of the price earnings method to predict the stock price, especially for
LQ45 index stocks. In general, this study use two method of selecting the set of
comparable firms, conventional and regression methods, as done by Alford (1992)
and Bhojraj & Lee (2002). The stock price predictions accuracy was measured by
the absolute prediction error. The results suggest that there is no significant
difference in prediction error between each method statistically. The absolute
prediction errors were quite high for both methods, so it not recommended using
this relative valuation method as the main tool to predict a stock price., The focus of this study is to examine the effect of the set of comparable firms on
the accuracy of the price earnings method to predict the stock price, especially for
LQ45 index stocks. In general, this study use two method of selecting the set of
comparable firms, conventional and regression methods, as done by Alford (1992)
and Bhojraj & Lee (2002). The stock price predictions accuracy was measured by
the absolute prediction error. The results suggest that there is no significant
difference in prediction error between each method statistically. The absolute
prediction errors were quite high for both methods, so it not recommended using
this relative valuation method as the main tool to predict a stock price.]
 File Digital: 1
 Kata Kunci
 Metadata
No. Panggil : T21752
Nama orang :
Nama orang tambahan :
Nama badan tambahan :
Subjek :
Penerbitan : [Place of publication not identified]: [Publisher not identified], 2011
Program Studi :
Sumber Pengatalogan : LibUI ind rda
Tipe Konten : text
Tipe Media : unmediated ; computer
Tipe Carrier : volume ; online resource
Deskripsi Fisik : xii, 63 pages : illustration ; 28 cm + appendix
Catatan Bibliografi : pages 61-63
Lembaga Pemilik : Universitas Indonesia
Lokasi : Perpustakaan UI, Lantai 3
  • Ketersediaan
  • Ulasan
  • Sampul
No. Panggil No. Barkod Ketersediaan
T21752 15-18-334545269 TERSEDIA
Ulasan:
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