Wardani, Sarwinda Siti and David Kaluge, (2021) Analisis Perilaku Herding Pada Saham LQ-45 Sebelum dan Selama Pandemi COVID-19 di Indonesia. Sarjana thesis, Universitas Brawijaya.
Abstract
Penelitian ini dilakukan untuk melihat apakah perilaku Herding terjadi di pasar saham Indonesia khususnya saham LQ-45 yang dihubungkan dengan adanya fenomena pandemic COVID-19 di Indonesia. Periode yang digunakan adalah tahun 2019 atau sebelum adanya pandemic COVID-19 yang merupakan kondisi market normal dan tahun 2020 atau selama pandemic COVID-19 yang menggambarkan kondisi market stress. Kedua periode tersebut dipilih untuk menganalisis perilaku herding pada fenomena yang berbeda. Metode yang digunakan dalam penelitian ini menggunakan metode pendekatan oleh Chang, Cheng & Khorana (2000) yaitu CSAD (Cross Sectional Absolute Deviation) untuk mencari nilai return dispersi yang kemudian dilihat hubungannya dengan Return pasar menggunakan analisis regresi linier berganda metode OLS (Ordinary Least Square). Hasil penelitian ini menunjukkan bahwa tidak ada indikasi perilaku herding di saham-saham LQ-45 pada tahun 2019 maupun tahun 2020. Artinya investor Indonesia bertindak rasional saat sebelum dan selama pandemi COVID-19 di Indonesia. selain itu, peran pemerintah dan lembaga terkait lainnya yang turut melakukan strategi pemulihan ekonomi Indonesia sehingga menambah kepercayaan para Investor di Indonesia yang pada akhirnya tidak terjadi perilaku herding pada pasar saham Indonesia.
English Abstract
This research was conducted to see whether Herding's behavior occurred in the Indonesian stock market, especially LQ-45 stocks which are connected to the COVID-19 pandemic phenomenon in Indonesia. The period used is 2019 or before the COVID-19 pandemic which is a normal market condition and in 2020 or during the COVID-19 pandemic which describes market stress conditions. Both periods were selected to analyze the behavior of herding on different phenomena. The method used in this study uses an approach method by Chang, Cheng & Khorana (2000) namely CSAD (Cross Sectional Absolute Deviation) to find the value of dispersion return which is then seen in relation to market Return using multiple linear regression analysis of the OLS (Ordinary Least Square). Method The results of this study show that there is no indication of herding behavior in LQ-45 stocks in 2019 or 2020. This means that Indonesian investors acted rationally before and during the COVID-19 pandemic in Indonesia. in addition, the role of the government and other related institutions that contribute to Indonesia's economic recovery strategy so as to increase the confidence of investors in Indonesia, which in the end does not occur herding behavior in the Indonesian stock market
Other obstract
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| Item Type: | Thesis (Sarjana) |
|---|---|
| Identification Number: | 0521020535 |
| Uncontrolled Keywords: | Perilaku Herding, Behavioral Finance, Cross Sectional Absolute Deviation, Pandemi COVID-19, Behavioral Herding, Behavioral Finance, Cross Sectional Absolute Deviation, COVID-19 Pandemic |
| Subjects: | 300 Social sciences > 330 Economics |
| Divisions: | Fakultas Ekonomi dan Bisnis > Ilmu Ekonomi |
| Depositing User: | Nur Cholis |
| Date Deposited: | 13 Mar 2023 04:00 |
| Last Modified: | 13 Mar 2023 04:00 |
| URI: | http://repository.ub.ac.id/id/eprint/197504 |
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Text (DALAM MASA EMBARGO)
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