REAKSI PASAR TERHADAP PENGUMUMAN PERGANTIAN CHIEF EXECUTIVE OFFICER(CEO)DIUKUR DENGAN ABNORMAL VOLUME

Nainggolan, Laura Widuri (2009) REAKSI PASAR TERHADAP PENGUMUMAN PERGANTIAN CHIEF EXECUTIVE OFFICER(CEO)DIUKUR DENGAN ABNORMAL VOLUME. Other thesis, Universitas Sebelas Maret.

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    Abstract

    The research aims at examining market reaction to CEO turnover announcement in Indonesia that measured by abnormal volume. CEO turnover announcements are divided into CEO turnover generally, based on process (routine turnover or non routine turnover), based on origin of incoming CEO (comes from inside or outside), and based on combinations (routine process turnover and incoming CEO comes from inside, routine process turnover and incoming CEO comes from outside, non routine process turnover and incoming CEO comes from inside, or non routine process turnoverand incoming CEO comes from outside). The research is done with and without confounding effect. The samples of research takes from 2004-2007, consist of 120 CEO turnover announcements with confounding effect and 74 CEO turnover without confounding effect.The result show that market react to CEO turnoverwith or without confounding effect on general turnover, routine turnover, non routine turnover, origin of incoming CEO comes from inside, origin of incoming CEO comes from outside, combinations routine process turnover and incoming CEO comes from inside, routine process turnover and incoming CEO comes from outside, and non routine process turnover and incoming CEO comes from inside. Market doesn’t react forcombination non routine process turnover and incoming CEO comes from inside with or without confounding effect. Keywords: CEO turnover, abnormal volume, confounding effect, routine, non routine, inside, outside

    Item Type: Thesis (Other)
    Subjects: H Social Sciences > HJ Public Finance
    Divisions: Fakultas Ekonomi > Akuntansi
    Depositing User: Lia Primadani
    Date Deposited: 15 Jul 2013 16:48
    Last Modified: 15 Jul 2013 16:48
    URI: https://eprints.uns.ac.id/id/eprint/4472

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