New liquidity measurement: mechanical approach (case of pre opening session on IDX)
Luluk Kholisoh;
(STIE Nusa Megarkencana, Yogyakarta., 2013)
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The aim of this study is to develop a new liquidity measurement. The mechanical approach is usedto measure the liquidity. This study uses trade order base that is more pronounced than conventionalones. To confirm the result of this study, we use pre opening session in the term of event as Kholisohand Hermawati (2010) and Kholisoh (2011). This study collects trade base and order base intradaydata one month period before and after pre opening session was implemented with the 25 most activestocks in LQ45. This study examines the velocity (how fast the order is executed) as new liquiditymeasurement. The result of this study confirms Kholisoh (2011), but contradicts to Kholisoh and Hermawati(2010) in the same event. The use of ?velocity? as a metric of liquidity measurement is betterin understanding the theoretical wisdom. This new liquidity measurement can cover the speed of theorder to be executed in all capital market. |
No. Panggil : | J-Pdf |
Entri utama-Nama orang : | |
Subjek : | |
Penerbitan : | [Place of publication not identified]: STIE Nusa Megarkencana, Yogyakarta., 2013 |
Sumber Pengatalogan : | LibUI eng rda |
ISSN : | 23563818 |
Majalah/Jurnal : | Indonesian Capital Market Review |
Volume : | Vol 5 No 2 July 2013 104-109 |
Tipe Konten : | text |
Tipe Media : | computer |
Tipe Carrier : | online resource |
Akses Elektronik : | http://journal.ui.ac.id/index.php/icmr/article/view/1903 |
Institusi Pemilik : | Universitas Indonesia |
Lokasi : |
No. Panggil | No. Barkod | Ketersediaan |
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J-Pdf | 03-20-922272058 | TERSEDIA |
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