Abstract :
The population of this research is a company listed on Indonesia Stock Exchange, and the sample used is a public company, the stock split and a stock split did in 2006 through 2011. The data required in this study in the form of secondary data that can be obtained from the Indonesian Capital Market Directory (ICMD). Variable data is data that is used later variables one year prior to the stock split. The selection of the sample using purposive sampling method, with certain criteria to obtain a total sample of 25 companies that the stock split and the 25 companies that did not do a stock split. Discriminant analysis and the different test Independent sample t-test will be used to test the hypotheses that have been proposed. The results of this research that the level of stock price expensiveness as measured by PER and PBV variable is not a stock split decision distinguishing factor between companies that perform stock split and a stock split does not do. but to demonstrate the financial performance variables ROA and DER is the differentiating factor stock split decision, but not for variable CR and TAT.
Keywords : Stock split, Level Relative Price Share, Financial Performance