ANALISIS PERBEDAAN BID ASK SPREAD DAN VOLATILITAS SAHAM SEBELUM DAN SESUDAH PENGUMUMAN STOCK SPLIT
Absract: This
study aimed to
analyze the differences
of bid ask spread
and stock volatility
before and after
the announcement of stock
split on companies
listed in Indonesia
Stock Exchange 2010-2013
period. The samples
are 30 companies
chosen by purposive sampling method. This study used
event period 5 days before and 5 days after stock
split with descriptive
statistical analysis techniques, the normality
test (one sample
kolmogorov smirnov test),
and hypothesis testing (wilcoxon
signed ranks test).
The results of the
descriptive statistics indicate that
the bid ask
spread after announcement of
stock split has
decreased while increasing
stock volatility than before
announcement. However, the
results of hypothesis testing
with the wilcoxon
signed ranks test
showed that both the
bid ask spreads
and stock volatility
is not significant difference between before and
after announcement of stock split.
Penulis: NOERITA FEBRIANTI
Kode Jurnal: jpmanajemendd140980
