Yunianta, Fauzi Ahmad (2019) Pengaruh Stock Split Terhadap Abnormal Return, Trading Volume Activity, Dan Bid Ask Spread Pada Perusahaan Go Public Yang Terdaftar Di Bursa Efek Indonesia. Sarjana thesis, Universitas Brawijaya.
Abstract
Pemecahan saham (stock split) merupakan suatu aksi korporasi (corporate action) yang dilakukan perusahaan dalam rangka meningkatkan jumlah saham yang beredar. Pemecahan dilakukan dengan membagi sahamnya menjadi lebih banyak, sehingga harga saham dapat lebih terjangkau oleh investor sehingga penjualan saham dapat lebih meningkat. Alasan perusahaan melakukan stock split adalah menginginkan sahamnya menjadi likuid dan memberikan sinyal berupa good news tentang kinerja perusahaan ke publik. Penelitian ini merupakan penelitian studi peristiwa (event study) yang mencoba untuk mengetahui apakah terdapat perbedaan abnormal return, trading volume activity, dan bid-ask spread sebelum dan sesudah stock split. Sampel diambil dengan menggunakan metode purposive sampling. Periode jendela (event window) yang digunakan dalam penelitian ini adalah 20 hari yang terdiri dari 10 hari sebelum stock split dan 10 hari setelah stock split. Alat analisis data menggunakan uji normalitas data, sementara analisis statistik menggunakan paired sample t-test dan wilcoxon signed rank test. Hasil penelitian menunjukkan bahwa tidak terdapat perbedaan yang signifikan pada abnormal return dan bid-ask spread, sementara terdapat perbedaan signifikan pada trading volume activity sebelum dan sesudah peristiwa stock split.
English Abstract
Stock split is a corporate action carried out by the company in order to increase the number of shares outstanding. The solution is done by dividing the shares into more shares, so that the stock price can be more affordable by investors so that the sale of shares can be increased. The reason the company conducts a stock split is to want its shares to be liquid and provide a signal in the form of good news about the company's performance to the public. This research is an event study that tries to find out whether there are differences in abnormal returns, trading volume activity, and bid-ask spreads before and after the stock split. Samples were taken using the purposive sampling method. The window period (event window) used in this study is 20 days consisting of 10 days before the stock split and 10 days after the stock split. The data analysis tool uses the data normality test, while the statistical analysis uses paired sample t-test and Wilcoxon signed rank test. The results showed that there were no significant differences in the abnormal return and bid-ask spread, while there were significant differences in trading volume activity before and after the stock split event
Other obstract
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| Item Type: | Thesis (Sarjana) |
|---|---|
| Identification Number: | SKR/FEB/2019/472/051908036 |
| Uncontrolled Keywords: | Stock Split, Abnormal Return, Volume Perdagangan Saham, Bid Ask Spread, Event Study, Stock Split, Abnormal Return, Trading Volume Activity, Bid Ask Spread, Event Study |
| Subjects: | 300 Social sciences > 332 Financial economics > 332.6 Investment > 332.63 Specific forms of investment > 332.632 Securities, real estate, commodities > 332.632 2 Stocks (Shares) |
| Divisions: | Fakultas Ekonomi dan Bisnis > Akuntansi |
| Depositing User: | Nur Cholis |
| Date Deposited: | 12 Nov 2020 15:56 |
| Last Modified: | 12 Nov 2020 15:56 |
| URI: | http://repository.ub.ac.id/id/eprint/174651 |
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