Perbedaan Abnormal Return Bank-Bank Rekapitalisasi Sebelum dan Sesudah Divestasi (Market Placement)
Ratna Indudewi, Febe Yuanita
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These studies make the observation of fluctuations in share price of Bank Recapitalization included in the decision of the Coordinating Minister for Economic Divestment program Indonesia in late 20014 in the capital markets Jakarta Stock Exchange (JSX) to determine whether there is any difference in abnormal return obtained by investors due to the divestment program (market placement) is. The type of study is a descriptive conclusive research. This study uses event study to look at he divestment of Bank Recapitalization event final period of 2004. Variable used is the uni variate variables, namely abnormal return 15 days before and after the divestiture of Bank Recapitalization as Bank Danamon, Bank Niaga and Bank Permata. Discussion of research carried out by describing the characteristics of each bank to answer the hypothesis. The results showed differences in abnormal returns before and after the divestiture (market placement) to Bank Danamon, Bank Niaga and Bank Permata, statistically, related to the timing of divestment, the bank's largest shareholder, and the bidders and the divestment of the end of 2004.