PENGARUH STOCK SPLIT TERHADAP HARGA SAHAM PADA PERUSAHAANYANGLISTEDDI BURSA EFEK INDONESIA
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Institusion
Universitas Muhammadiyah Malang
Author
Evienda Bin, Nikmatul Ida
Subject
HB Economic Theory
Datestamp
2015-01-06 07:31:09
Abstract :
Stock split carried out on the basis of two theories. According Trading Range Theory, a high stock price is an incentive for companies to split shares with the hope of increasing liquidity. Signaling Theory states that a stock split is a carrier of information about the performance and prospects of the company to the market. This study aims to obtain empirical evidence about the effects of stock splits on stock prices. Data were taken from 21 companies in Indonesia Stock Exchange stock split during the years 2009-2013 . Data share price of each company during the seven days before and seven days after the stock split . The analysis technique used to test the hypothesis is that parametik test paired sample t - test. The results showed that when tested on the overall stock price stock split there is no significant difference between the average market price of the stock before and after the stock split. Stock split does not affect the stock price. Keyword:Corporate Social Responsibility disclosure, Return on Equity, Stock Return
Stock split carried out on the basis of two theories. According Trading Range Theory, a high stock price is an incentive for companies to split shares with the hope of increasing liquidity. Signaling Theory states that a stock split is a carrier of information about the performance and prospects of the company to the market. This study aims to obtain empirical evidence about the effects of stock splits on stock prices. Data were taken from 21 companies in Indonesia Stock Exchange stock split during the years 2009-2013 . Data share price of each company during the seven days before and seven days after the stock split . The analysis technique used to test the hypothesis is that parametik test paired sample t - test. The results showed that when tested on the overall stock price stock split there is no significant difference between the average market price of the stock before and after the stock split. Stock split does not affect the stock price. Keyword:Corporate Social Responsibility disclosure, Return on Equity, Stock Return
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