Maghfiroh, Siti (2019) Analisis Trading Volume Activity Dan Abnormal Return Sebelum Dan Sesudah Stock Split (Studi Pada Perusahaan Sektor Manufaktur Yang Terdaftar Di Bursa Efek Indonesia Tahun 2013-2017). Sarjana thesis, Universitas Brawijaya.
Abstract
Penelitian ini bertujuan untuk mengetahui ada tidaknya perbedaan antara trading volume activity dan abnormal return sebelum dan sesudah perusahaan melakukan aksi korporasi stock split. Jenis penelitian yang digunakan yaitu penelitian event study dengan pendekatan kuantitatif. Sampel sebanyak 32 perusahaan dengan menggunakan teknik purposive sampling. Perusahaan yang diteliti merupakan perusahaan manufaktur yang melakukan stock split dan terdaftar di Bursa Efek Indonesia periode 2013-2017. Jenis data yang digunakan dalam penelitian ini adalah data sekunder berupa data saham harian perusahaan periode 2013-2017, close price, data transaksi saham yang diperdagangkan, data jumlah saham beredar, data IHSG dan profil perusahaan. Hasil analisis menunjukkan tidak terdapat perbedaan trading volume activity sebelum dan sesudah stock split, akan tetapi pada variabel abnormal return menunjukkan terdapat perbedaan signifikan abnormal return sebelum dan sesudah stock split. Salah satu alasan tidak terdapatnya perbedaan pada trading volume activity yaitu pada tahun pengamatan minat investor dalam melakukan transaksi setelah stock split tidak besar meskipun terjadi peningkatan atau penurunan transaksi perdagangan.
English Abstract
This study is meant to determine whether there is a difference between trading volume activity and abnormal returns before and after the company does a stock split corporate action. The type of research used is event study research with a quantitative approach. A sample of 32 companies using a purposive sampling technique. The company under study is a manufacturing company that conducts stock splits and is listed on the Indonesia Stock Exchange for the period 2013-2017. The type of data used in this study is secondary data in the form of daily stock data of the company for the period 2013-2017, close price, traded stock transaction data, data on the number of outstanding shares, IHSG data and company profile. The analysis shows that there is no difference in trading volume activity before and after the stock split, but the abnormal return variable shows that there are significant differences in abnormal returns before and after the stock split. One reason there is no difference in trading volume activity is that in the year of observation of investor interest in conducting transactions after the stock split is not large despite an increase or decrease in trading transactions.
| Item Type: | Thesis (Sarjana) |
|---|---|
| Identification Number: | SKR/FIA/2019/642/051909531 |
| Uncontrolled Keywords: | Trading Volume Activity, Abnormal Retrun, Stock Split |
| 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 Ilmu Administrasi > Ilmu Administrasi Bisnis / Niaga |
| Depositing User: | Endang Susworini |
| Date Deposited: | 12 Nov 2020 08:54 |
| Last Modified: | 12 Nov 2020 08:54 |
| URI: | http://repository.ub.ac.id/id/eprint/175283 |
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