ANALISIS PERBANDINGAN ABNORMAL RETURN,TRADING VOLUME ACTIVITY, DAN BID-ASK SPREAD SEBELUM DAN SESUDAH STOCK SPLIT
Abstract: Stock splits or stock split is to break a piece of stock into n shares so
that the new price per share after the
stock split is 1 / n of the previous
price.This study aims to investigate the market reaction to the
announcement of the
stock split the
company listed in Indonesia Stock Exchange Period
2012-2013. The market reaction is indicated
by the presence or absence of abnormal
return differences, trading volume
activity, and bid-ask
spreads before and
after the stock split
announcement.Type of research
is a study
of events (event study).The study
sample as many as 17 companies based on purposive sampling.Testing is
done with a
period of 5
days before and 5 after the
announcement of the stock split.The technique of data analysis performed
using paired sample
t-test on abnormal
returnswhile Wilcoxon signed
ranks test on trading volume activity and
bidask spreads.
Penulis: FAHRIZAL ANWAR, NADIA
ASANDIMITRA
Kode Jurnal: jpmanajemendd140989
