Authors:

Margareta Maria Trisnadi, Ida Bagus Panji Sedana

Abstract:

“One of market anomaly that againsts the concept of efficient market is Day of The Week Effect, which is an anomaly where there are differences between stock returns on trading day. The purpose of this study is to determine the existence of the anomaly on LQ-45 index on Indonesia Stock Exchange. The test was conducted using multiple linear regression with dummy variables and partial test. Based on test results, Tuesday had a negative effect, while Wednesday and Friday had positive effects, but all insignificant. Only Thursday that provides a significantly positive effect on stock returns. From these results the phenomenon of Day of the Week Effect was found, with the highest average returns on Thursday, commonly known as Thursday Effect. Investors need to pay attention to the existence of Day of the Week Effect as part of the plan and investment strategy to optimize return.”

Keywords

Keyword Not Available

Downloads:

Download data is not yet available.

References

References Not Available

PDF:

https://jurnal.harianregional.com/manajemen/full-19537

Published

2016-06-13

How To Cite

TRISNADI, Margareta Maria; PANJI SEDANA, Ida Bagus. PENGUJIAN ANOMALI PASAR : DAY OF THE WEEK EFFECT PADA SAHAM LQ-45 DI BURSA EFEK INDONESIA.E-Jurnal Manajemen, [S.l.], v. 5, n. 6, june 2016. ISSN 2302-8912. Available at: https://jurnal.harianregional.com/manajemen/id-19537. Date accessed: 28 Aug. 2025.

Citation Format

ABNT, APA, BibTeX, CBE, EndNote - EndNote format (Macintosh & Windows), MLA, ProCite - RIS format (Macintosh & Windows), RefWorks, Reference Manager - RIS format (Windows only), Turabian

Issue

Vol 5 No 6 (2016)

Section

Articles

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