BIAS BETA DI PASAR MODAL INDONESIA DAN METODE KOREKSINYA

Abstract

Thu purpose of this research is to empirically analyse the bias beta and correcting method for the bias Feu of common Docks in Jakarta Socks Exchange, using six-lug and sic-lead versions of Scholars and Williams Method, Jamison Method, and Fowler and Williams Method This study used dolly-end return of 100 stocks traded in Jakarta Stock Exchange durmg fuel day of January 1996 to the last day of of December 1408, and the daily-end Composite Index in Jakarta Stock Exchange, as a proxy of market return. the results InOluaie that there is bias beta in Jakarta Stock Exchange during this research period. There is also indicate that Fowler and Rorke Method is beta comedian method with the hitter result.