Thus, Barber and Lyon (1997), Kothari and Warner (1997), Brav and Gompers (1997), Fama (1998), Lyon, Barber and Tsai (1999), Loughran and Ritter (2000), Gompers and Lerner (2003), Ang, Gu, and Hochberg (2005), and Ahmad-Zaluki, Campbell, and Goodacre (2007) have argued that the method of performance measurement influences both the magnitude of the abnormal returns as well as the size and power of the statistical test. The analysis of the long-run returns is directed towards a methodological approach. In recent years, the academic community has closely examined and intensely debated the performance of IPOs, particularly in the long-run. Key words: long-run performance, IPO, shari’ah, equally-weighted, value-weighted. However, non shariah-based firms underperform in almost each month. Further, the results show that shariah-based firms outperform the market in almost every month for two years, except month 7 and 10 when using VW-CAR. However, the significance disappears when the returns are calculated with value-weighted cumulative abnormal return (VW-CAR) and value-weighted buy-and-hold abnormal return (VW-BHAR). The results show that, when using equally-weighted cumulative abnormal return (EW-CAR) and equally-weighted buy-and-hold abnormal return (EW-BHAR), the long-run performance of IPOs return between shariah and non shariah firms are significantly different.
This paper empirically investigates the difference of the performance between shariah-based and non shariah-based firms that listed on the Jakarta Stock Exchange (JSX) during the period July 2001 to December 2005. The long-run performance of initial public offerings:Ĭomparison between shari’ah and non shari’ah-based firms Jurnal Simposium Nasional Akuntasi XI (SNA 11) Keywords: computer anxiety, personality type, Myers-Briggs Type Indicator One hundred and thirty-nine (139) instruments were returned, representing a response rate of one hundred (100%) percent fourteen participants returned incomplete instruments which could not be used in this study.Ĭonclusions of this study are: computer anxiety does exist among accounting students there is significant relationship for those students who were classified as sensing-intuitive and thinking-feeling and computerphobia accounting students’ gender and GPA don’t influence their computer anxiety.
One hundred and thirty-nine (139) surveys were distributed. The following questions guided this investigation: Does a relationship exist between computer anxiety and accounting student’s personality type? Does a relationship exist between accounting students’ gender, GPA and their computer anxiety?ĭata for this study consisted of surveying accounting students of Economics and Business Faculty of Gadjah Mada University. The purpose of this research was examining the personality type and other factors such as gender and GPA that may contribute to computer anxiety among accounting students.
The Review Management and Entrepreneurship Journal (RME), accredited Rank 4 from RISTEKDIKTI, Decree No.148/M/KPT/2020 valid from Vol 2 No.1 (2018) to Vol 6 No.2 (2022).KECEMASAN BERKOMPUTER (COMPUTER ANXIETY) DAN KARAKTERISTIK TIPE KEPRIBADIAN PADA MAHASISWA AKUNTANSI Since it was first published in 2017, the Review Management and Entrepreneurship Journal is aimed at facilitating a better understanding of research-based business management science among academics and researchers so that it can make a positive contribution and influence to the world of business management science and entrepreneurship. The Review Management and Entrepreneurship Journal (RME), (e-ISSN : 2548-3552 p- ISSN : 2548-3536) is an English bilingual peer review journal published twice a year (in April and October) by the Faculty of Management and Business, University Ciputra Surabaya.