ANALISIS PENGARUH STOCK SPLIT TERHADAP ABNORMAL RETURN DAN VOLUME PERDAGANGAN SAHAM PADA PERUSAHAAN BERTUMBUH DAN TIDAK BERTUMBUH (Studi Kasus pada Bursa Efek Indonesia 2008-2012)

SAKTI, Paramita Oktaviana and PANGESTUTI, Irene Rini Demi (2013) ANALISIS PENGARUH STOCK SPLIT TERHADAP ABNORMAL RETURN DAN VOLUME PERDAGANGAN SAHAM PADA PERUSAHAAN BERTUMBUH DAN TIDAK BERTUMBUH (Studi Kasus pada Bursa Efek Indonesia 2008-2012). Undergraduate thesis, Fakultas Ekonomika dan Bisnis.

[img]
Preview
PDF - Published Version
1715Kb

Abstract

The aim of this study is to analyze the differences of abnormal return and trading volume activity on growth and non-growth firms before and after stock split. The study was conducted on 36 companies that are listed on the Indonesian Stock Exchange and they do stock split in the year 2008-2012. There are 31 companies listed as growth firms and 5 companies listed as non-growth firms. The category of growth and non-growth firms based on IOS (Investment Opportunity Set) proxy MVEBVE (Market to Book Value of Equity). This study used statistical analysis test two different test average with a 11-day observation period is t = -5 (5 days before stock split) , t=0 (event date) and t = 5 (5 days after stock split). The method of determination of sample using purposive sampling. The result showed that there are significant differences between AAR of non-growth company & average TVA of growth company before & after stock split and also average TVA between growth and non-growth company after stock split. Meanwhile there are no significant differences between AAR of growth company & average TVA of non-growth company before & after stock split and also AAR between growth and non-growth company after stock split

Item Type:Thesis (Undergraduate)
Additional Information:stock split, abnormal return, trading volume activity, growth and non- growth companies
Uncontrolled Keywords:stock split, abnormal return, trading volume activity, growth and non- growth companies
Subjects:H Social Sciences > H Social Sciences (General)
Divisions:Faculty of Economics and Business > Department of Management
ID Code:40148
Deposited By:Mr. Perpustakaan Fakultas Ekonomi
Deposited On:19 Sep 2013 14:39
Last Modified:14 Apr 2014 11:18

Repository Staff Only: item control page