TY  - THES
N1  - Dr. H. SYAFIQ MAHMADAH HANAFI, M.Ag
ID  - digilib21224
UR  - https://digilib.uin-suka.ac.id/id/eprint/21224/
A1  - LIAN RAHMAT PUTRANTO, NIM. 12390018
Y1  - 2016/06/02/
N2  - Employee Stock Ownership Program (ESOP) is a program offers stock
options to employees in a company. ESOP is a type of pension plan that is
designed to receive company contributions to a fund that will invest in the shares
of the company for the benefit of employees. This study aims to examine and
research the influence of ESOP applied to companies entering the category of
sharia in Indonesia.
Information about ESOP announcement less responded well by investors.
The signal given by the company management through the ESOP events are not
considered a good news by investors so as to give a negative reaction with the
presence negative abnormal return. This happens because the ESOP is a program
that is less popular for investors in Indonesia. The occurrence of a negative
reaction around the announcement of ESOP can lead agency conflict between the
owner of the company or investor with the employees or management. Agency
conflicts occur because a conflict of interests between company owners and
employees.
Samples are 20 companies listed in the Daftar Efek Syariah (DES) during
the period 2009-2014. Data analysis technique used is event study or one-sample
t-test is preceded by normality test using SPSS 17. Results of statistical hypothesis
testing showed no positive abnormal return around the announcement of ESOP.
PB  - UIN SUNAN KALIJAGA YOGYAKARTA
KW  - employee stock ownership program (ESOP)
KW  -  market reaction
KW  - 
abnormal return
KW  -  Daftar Efek Syariah.
M1  - skripsi
TI  - PENGARUH PENGUMUMAN EMPLOYEE STOCK OWNERSHIP
PROGRAM TERHADAP REAKSI PASAR PADA PERUSAHAAN PUBLIK
YANG TERDAFTAR DI DAFTAR EFEK SYARIAH
AV  - restricted
EP  - 121
ER  -