Estimation and Determinants of the Stock Price Haircuts on the
IDX
1Adler Haymans Manurung, 2Jhonni Sinaga, 3Herlina Miftahul Zanah
1,2,3Universitas Bhayangkara Jakarta Raya Jl. Harsono RM No.67 Ragunan Pasar Minggu, Jakarta Selatan, DKI Jakarta 12550, Indonesia
https://doi.org/10.47191/jefms/v6-i9-38ABSTRACT:
This study aimed to investigate the stock price haircut, so called estimating and determining the stock price haircut on the Jakarta Stock Exchange for the period of 2018 - 2021. Document. This study used 30 shares from the LQ-45 Index. The calculation of the haircut used Merton method, namely Distance to Default. Determining the stock price haircut used multiple regression. The results of this study state that the Debt to Equity Ratio, Liquidity and the Covid-19 Era significantly effect the stock price haircuts.
KEYWORDS:
Haircut Price, Determinant Haircut, LQ45 Stocks, Distance to Default, Debt to Equity Ratio, Cash Ratio, Stock Liquidity, Multiple Regression Panel Method.
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