PENGARUH PENGUMUMAN RIGHT ISSUE TERHADAP TINGKAT KEUNTUNGAN DAN LIKUIDITAS SAHAM DI BURSA EFEK INDONESIA
ABSTRACT: Announcement of
right issue is information in order to investor to take decision in selling or
buying stock. The objectives of this study are to give empirical evidenceabout
the influences of right issue announcement to rate of return and stock
liquidity inIndonesia Stock Exchange. The samples of this research consist of
12 companies that do the right issue announcement in Indonesia Stock Exchange
during in 2006. Marketmodel is used to estimate abnormal return and Trading
Volume Activity (TVA). Thedata are analyzed using t-statistic. This study
proofed that market will respond to theannouncement right issue only at the day
before announcement. The result of this research indicated that there are no
different among rate of return and stock liquiditybefore and after the date of
the right issue announcement.
Penulis: Ardi Nugraha,
Rochmawati Daud
Kode Jurnal: jpmanajemendd131085
