EVENT HISTORY ANALYSIS (EHA) METHOD AS EVENT STUDY DEVELOPMENT
DOI:
https://doi.org/10.61677/count.v2i4.396Keywords:
Event History Analysis (EHA), event studies, cox proportional hazard regression, EHA implementation.Abstract
This study aims to introduce event history analysis (EHA) as an alternative to event study in accounting, business, and economics research, especially for events that span a long time. Event Studies are generally limited to analysing daily events, whereas many phenomena in this area, such as post-IPO stock price stabilization, require long-term analysis. Event History Analysis, which originated in medicine, has evolved and began to be used in business research in Western countries. However, its use in Indonesia is still limited. Inappropriate use of Event Studies for long-term events may lead to biased research results. The method used in this study is an in-depth comparative literature analysis between Event Study and Event History Analysis. In addition, data testing simulations were carried out using Event History Analysis. The results of this study present a comprehensive comparison table between Event Study and Event History Analysis. Practical guidance on data preparation for COX regression analysis (one of the EHA methods) is also provided. This study also provides examples of research titles relevant to EHA, complete with event identification, independent variables, and expected interpretations. This study contributes to increasing the validity and accuracy of analyses in studies involving a relatively long time span.
References
Andersen, P. K., & Keiding, N. (2001). Event-history Analysis in Continuous Time. International Encyclopedia of the Social & Behavioral Sciences, 4946–4956. https://doi.org/10.1016/B0-08-043076-7/02103-3
Christgau, A. M. (2024). Model-free Methods for Event History Analysis and Efficient Adjustment. University of Copenhagen.
Darwanto, Y. K. (2020). Penerapan Model Cox Proportional Hazard untuk Menganalisis Jangka Waktu Kemampuan Pembayaran Premi Asuransi Kendaraan. http://repository.unej.ac.id/handle/123456789/102830
Dukalang, H. (2019). Analisis Regresi COX Proportional Hazard pada Pemodelan Waktu Tunggu Mendapatkan Pekerjaan. Jambura Journal of Mathematics, 1(1). https://doi.org/10.34312/jjom.v1i1.1744
Meliza, Ningrum, E. V., & Citradika, D. P. (2024). Pengaruh Leverage terhadap Return Saham dan Peranan Kebijakan Deviden sebagai Variabel Moderasi. Jurnal Akuntansi Dan Sistem Informasi, 5(1). https://doi.org/10.31949/jaksi.v5i1.8343
Akbar, R. R., & Machdar, N. M. (2024). Kinerja Saham dalam Konteks Determinan Pasar Keuangan di Perusahaan Energi. Anggaran : Jurnal Publikasi Ekonomi Dan Akuntansi, 3(1), 134–143. https://doi.org/10.61132/anggaran.v3i1.1075
Riyani, E., Martha, S., & Imro’ah Intisari, N. (2022). Analisis Model Regresi Cox Proportional Hazard Menggunakan Metode Breslow. In Buletin Ilmiah Mat. Stat. dan Terapannya (Bimaster) (Vol. 11, Issue 4). https://doi.org/10.26418/bbimst.v11i4.57505
Spence, M. (1973). Job Marketing Signaling (3rd ed., Vol. 87). The Quarterly Journal of Economics.
Steele, F. (2005). Event History Analysis. ESRC National Centre for Research Methods.
Suryaningsum, S., & Ayusulistyaningrum, D. (2024). Analisis Rasio Profit Margin dan Operating Margin antara Sektor Industri Energi dan Industri Finansial. EFEKTIF Jurnal Bisnis Dan Ekonomi , 15(2). https://doi.org/10.37159/mxpxtw08
Tandelin, E. (2017). Pasar Modal Manajemen Portofolio & Investasi. PT Kanisius.
Wulanningsih, S., & Agustin, H. (2020). Pengaruh Investment Opportunity Set, Pertumbuhan Perusahaan, dan Profitabilitas Terhadap Nilai Perusahaan (Studi Empiris pada Perusahaan Property and Real Estate yang Terdaftar di Bursa Efek Indonesia Tahun 2014-2018). Jurnal Eksplorasi Akuntansi, 2(3). https://doi.org/10.24036/jea.v2i3.271
Downloads
Published
How to Cite
Issue
Section
License
Copyright (c) 2024 Sri Suryaningsum, Fikri Dwi Prasetya
This work is licensed under a Creative Commons Attribution 4.0 International License.
This work is licensed under a Creative Commons Attribution 4.0 International License.
