FENOMENA JANUARY EFFECT DI BURSA EFEK INDONESIA PADA PERUSAHAAN MANUFAKTUR SUBSEKTOR FOOD AND BEVERAGE

Abstract

Investment in stocks is currently a matter that is in demand by various groups, therefore the
relevant information is needed by the investor, the analysis january effect on the manufacturing subsector of food and beverage into one benchmark to see how the condition of the company. This study
aims to determine whether the january effect occurs in food and beverage manufacturing companies,
this type of research is descriptive quantitative research and data sources used are secondary data
announcement stock prices in 2014-2015 were obtained from IDX sites, namely: (www.idx .co.id) that is
the object of the research data were processed using a comparative analysis of stock returns. Tax Loss
Selling most popularly associated with the January Effect is a Tax-Loss Selling hypothesis in which
investors sell shares to fall in value. window Dressing
Window dressing is the selloff in stocks that memilikikinerja bad end of the year. Window
dressing is not much different from the Tax Loss Selling, where it inidilakukan by financial managers
with the aim that the performance report stock portfolio at year-end will look good performance. From
these results it can be concluded that not all companies affected by the January effect, this occurs due
to many factors, including large companies, and how long a company listed on the Stock Exchange.