@thesis{thesis,
		author={.  Fredi},
		title ={Reaksi Pasar Atas Pengumuman Kenaikan Dan Penurunan Dividen Di Pasar Modal Indonesia},
		year={2015},
		url={http://eprints.ukmc.ac.id/5085/},
		abstract={The study aims to test market reaction to the announcement of the increase and decrease in dividends in the Indonesian capital market. This research uses the period 2011 to 2013. This research uses event study. Data analysis technique  is descriptive and analysis of the hypothesis using t count.
The results of this research in the group dividends rising, there is a significant abnormal return on day 9 before the announcement and day to 8 after the announcement. This shows the markets react negatively to the announcement of the dividend increase, while the dividend was down, there was an abnormal return dignifikan on day four before the announcement and day to 4 after the announcement. It shows the market reacted positively to the announcement of a dividend reduction.}
		}