BIAS DARI PENGGUNAAN DATA DI MBAR



Jogiyanto Hartono(1*)

(1) Universitas Gadjah Mada
(*) Corresponding Author

Abstract


This paper discusses several biases due to the use of data in MBAR (Market Based Accounting Research). They are biases because of non-normality of the data, cross-dependency of the data and non-synchronous trading. This paper identifies conditions of the biases and also provides solutions to overcome the biases.

Full Text:

PDF


References

Ariff, M., dan L. W. Johnson, Securities Markets & Stock Pricing: Evidence From a Developing Capital Market in Asia, Singapore: Longman Singapore Publisher Ltd., 1990.

Bernard, V.L., "Cross-Sectional Dependence and Problems in inference in MarketBased Accounting Research," Journal of Accounting Research 25 (Spring 1987), hal. 1-48.

Collins, D. dan W. Dent, "A Comparison of Alternative Testing Methodologies Used in Capital Market Research," Journal of Accounting Research (Spring 1984), hal. 48-84.

Dimson. E., "Risk Measurement When Shares are Subject to Infrequent Trading," Journal of Financial Economics 7 (1979), hal. 197-226.

Fowler, D. J., dan C. H. Rorke, "The Risk Measurement When Shares are Subjected to Infrequent Trading," Journal of Financial Economics 12 (1983), hal. 279-289.

Foster, G., Financial Statement Analysis, Eng-lewood Cliffs, NJ: Prentice-Hatl, second edition, 1986.

Hartono, Jogiyanto, Teori Portofolio dan Analisis Investasi, Yogyakarta: BPFE UGM, 1998

Halr, Jr., J.F; R. E. Anderson; R.L. Tatham; dan W.C. Black. Multivariaie Data Ana- lisis with Readings, New York, NY: Macmillan Publishing Co., third edition, 1992.

Jakarta Stock Exchange, JSX Statistics 1996.

Lev, B., dan J.A. Ohlson, "Market-Based Empirical Research in Accounting Review, Jnterpretsion, and Extension," Supplement to Journal of Accounting Research 20 (1982,, hal, 249-322.

Findyck, R.S., dan D.L. Rubinfeld, Econometric Models & Economic Forecasts. New York, NY: McGraw-Hill, Inc.. second edition, 1981.

Schipper, K. dan R. Thompson. "The Impact of Merger-Related Regulations on the Shareholders of Acquiring Finns." Journal of Accounting Research (Spring 1983), hal. 184-221.

Schoies, M., dan J. Williams, "Estimating Betas from Nonsynchronous Trading.'' Journal of Financial Economics 5 (1977). hal. 309-327.

White, H., "A Heteroscedasticity Consistent Covariance Matrix Estimator and A Direct Test for Heteroscedasticity," Econometrica 48 (1980), hal. 817-838.




Article Metrics

Abstract views : 876 | views : 2440

Refbacks

  • There are currently no refbacks.




Copyright (c) 2018 Journal of Indonesian Economy and Business

Creative Commons License
This work is licensed under a Creative Commons Attribution-ShareAlike 4.0 International License.

Journal of Indonesian Economy and Business

Journal

Editorial Team
Focus and Scope
Peer Review Process
Publication Ethics
Screening for Plagiarism

Authors

Author Guidelines
Submission Guidelines
Online Submissions
Copyright Notice
Privacy Statement
Author Fees

Download

Author Pack
Submission Form & Manuscript Template

 

Reviewer

Reviewer Guidelines
Reviewer Acknowledgement

 

Reader

General Search
Achieves
Author index
Title index

 

 

The Journal of Indonesian Economy and Business (print ISSN 2085-8272; online ISSN 2338-5847) is published by the Faculty of Economics and Business Universitas Gadjah Mada, Indonesia. The content of this website is licensed under a Creative Commons Attribution-ShareAlike 4.0 International License

© 2019 Journal of Indonesian Economy and Business 
 Visitor Statistics