PENGUJIAN EFISIENSI PASAR MODAL ATAS PERISTIWA PENGUMUMAN STOCK SPLIT PERIODE TAHUN 2011-2013 DI BURSA EFEK INDONESIA

SUSANTO, EDI IMAM (2015) PENGUJIAN EFISIENSI PASAR MODAL ATAS PERISTIWA PENGUMUMAN STOCK SPLIT PERIODE TAHUN 2011-2013 DI BURSA EFEK INDONESIA. Bachelor thesis, UNIVERSITAS MUHAMMADIYAH PURWOKERTO.

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Abstract

This research entitled efficiency of capital market on stock split announcement in period 2011-2013 in Indonesia stock exchange. This research aimed to reveal and evaluate stock price movement before and after stock split announcement in Indonesia stock exchange. It also reveals and analyses the abnormal Return stages before and after stock split announcement in Indonesia stock exchange. Purposive sampling method was used in this research. The samples of this research were company that split their stock in period 2011-2013 and don't do any policy like stock dividend, right issue, bonus share or announcement of strategic company that directly affect stock liquidity at the time of stock split announcement or at the end of period after stock split announcement. The stock samples were selected active would be traded. Company doesn't undergo delisting. The analysis was using Run Test and Wilcoxon test with significance 0,05. The result of this research showed stock price was moving in random before and after stock split announcement in Indonesia stock exchange. It is proved by Run Test from 29 samples of companies, there were 19 companies had random stock price and only 10 companies had non-random stock price. This research found empirical proves of equal abnormal Return before and after stock split announcement in Indonesia stock exchange. It is proved by Wilcoxon test showed significance 0,882 more than 0,05.

Item Type: Thesis (Bachelor)
Additional Information: Pembimbing: Wida Purwidiyanti, S.E, M.Sc.
Uncontrolled Keywords: stock split, stock price and abnormal Return
Subjects: H Social Sciences > HD Industries. Land use. Labor > HD28 Management. Industrial Management
Divisions: Fakultas Ekonomi dan Bisnis > Manajemen
Depositing User: Nur Hardiansyah
Date Deposited: 08 Jan 2018 01:19
Last Modified: 08 Jan 2018 01:19
URI: http://repository.ump.ac.id/id/eprint/6785

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