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 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.] |
|
|
| 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 |
| No. Panggil | No. Barkod | Ketersediaan |
|---|---|---|
| T21783 | 15-18-455607615 | TERSEDIA |
| Ulasan: |
| Tidak ada ulasan pada koleksi ini: 20281938 |
T21783-Anallsis efek.pdf