Pertumbuhan Earning per Share, Price to Book Value dan Price Earning Ratio Sebagai Dasar Keputusan Stock Split
ABSTRACT: The objective of
this research is to examine the effect of earning per share, price to book
value and price earning ratio on firm’s stock split. According to signaling
hypothesis, stock split decision can be proxies with the growth of earning per
share, while trading range hypothesis can be proxies with the price to book value and
price earning ratio.
The population of
this research is
manufacturing firms that
did stock split between
years 2003 to
2008. The samples
consist of 40 firms, and
the analysis using
logistic regression model. The
result is that the growth of earning per share did not have a significant
effect to firm stock split decision, while price to book value and price
earning ratio did have significant effect to the prediction of firms in doing
stock split.
Keywords: signaling
hypothesis, stock split decision, trading range hypothesis, growth of earning
per share, price to book value, and price earning ratio
Penulis: Djoni Budiardjo dan
Joshe Hana Hapsari
Kode Jurnal: jpmanajemendd110351
