KINERJA SAHAM SEBELUM DAN PADA SAAT KRISIS EKONOMI GLOBAL DI BURSA EFEK INDONESIA

Abstract

Stock performance before and at the time of global economic crisis in Indonesia Stock Exchange can be measured by using Sharpe, Treynor and Jansen method. The three methods assume that there is a linear relationship between portfolio return and return from many market indexes. Good stock performance is needed for the company to attract investors. This study aims to determine the stock performance before and at the time of global economic crisis in Indonesia Stock Exchange. The total population of this study is 507 companies while the total sample is 302 companies. The sampling method used is purposive sampling through certain criteria. The results show that stock performance does not have significant differences before and at the time of global economic crisis measured by Sharpe, Treynor and Jansen using paired sample t-test. Similar findings are also found using Kruskal-Wallice test that there is no significant difference on the stock performance between before and at the time of crisis.