UI - Tesis (Open) :: Kembali

UI - Tesis (Open) :: Kembali

Analisis efek smart money pada reksadana saham di Indonesia tahun 2007 - 2009 = Smart money effect analysis of equity mutual fund in Indonesia for 2007 - 2009 period

Sefrie Nurresha W.; Gede Harja Wasistha, supervisor; Sembel, Roy Hendra Michael, examiner; Cynthia Afriani, examiner (, 2011)
 Abstrak
[ABSTRAK

Penelitian ini bertujuan untuk membuktikan adanya efek smart money pada reksadana
saham di Indonesia. Penelitian ini dilakukan dengan menggunakan three factor model
yang dikembangkan oleh Fama dan French (1993) serta four factor model yang
dikembangkan oleh Carhart (1997). Perbedaan model tersebut adalah
dimasukkannya faktor momentum dalam four factor model. Hasil dari penelitian ini
membuktikan bahwa tidak terjadi efek smart money pada reksadana saham di
Indonesia. Penelitian ini juga membuktikan bahwa faktor momentum tidak memiliki
korelasi yang signifikan terhadap cash flow suatu reksadana.


Abstract

The focus of this study is to prove the exsistence of the smart money effect of the
equity mutual funds in Indonesia. The smart money effect is measured by using the
three factor model, proposed by Fama and French (1993), and the four factor model,
pioneering work by Carhart (1997). The four factor model included in the regression
equation. The result of this study shows that there is no significant proof of the smart
money effect existency in Indonesia. This study also proves that momentum factor
has no significant correlation with the fund cash flow.;The focus of this study is to prove the exsistence of the smart money effect of the
equity mutual funds in Indonesia. The smart money effect is measured by using the
three factor model, proposed by Fama and French (1993), and the four factor model,
pioneering work by Carhart (1997). The four factor model included in the regression
equation. The result of this study shows that there is no significant proof of the smart
money effect existency in Indonesia. This study also proves that momentum factor
has no significant correlation with the fund cash flow., The focus of this study is to prove the exsistence of the smart money effect of the
equity mutual funds in Indonesia. The smart money effect is measured by using the
three factor model, proposed by Fama and French (1993), and the four factor model,
pioneering work by Carhart (1997). The four factor model included in the regression
equation. The result of this study shows that there is no significant proof of the smart
money effect existency in Indonesia. This study also proves that momentum factor
has no significant correlation with the fund cash flow.]
 File Digital: 1
 Metadata
No. Panggil : T21783
Pengarang :
Pengarang/kontributor lain :
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 : xi, 83 pages : illustration ; 28 cm + appendix
Catatan Bibliografi : pages 82-83
Naskah Ringkas :
Lembaga Pemilik : Universitas Indonesia
Lokasi : Perpustakaan UI, Lantai 3
  • Ketersediaan
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No. Panggil No. Barkod Ketersediaan
T21783 15-18-455607615 TERSEDIA
Ulasan:
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