PENGARUH PEMECAHAN SAHAMTERHADAP TINGKAT PENGEMBALIAN DAN LIKUIDITAS SAHAM (Studi Pada Perusahaan yang Melakukan Pemecahan Saham di Bursa Efek Indonesia Tahun 20052007)

Elia, Febriana (2009) PENGARUH PEMECAHAN SAHAMTERHADAP TINGKAT PENGEMBALIAN DAN LIKUIDITAS SAHAM (Studi Pada Perusahaan yang Melakukan Pemecahan Saham di Bursa Efek Indonesia Tahun 20052007). Other thesis, University of Muhammadiyah Malang.

[img]
Preview
Text
PENGARUH_PEMECAHAN_SAHAMTERHADAP_TINGKAT_PENGEMBALIAN_DAN_LIKUIDITAS_SAHAM.pdf - Published Version

Download (129kB) | Preview

Abstract

It is case study Indonesia Stock Exchange under the title \\\"Effect of Stock Splitting on the Level of Return and Stock Liquidity (Study at the Company splitting its Stock in Indonesia Stock Exchange year of 2005-2007)\\\". Purpose of this research is to know the condition of right sector prices of the manufactures traded in Indonesia Stock Exchange from 2005 to 2007. The suggested hypothesis here is the right prices of manufacture listed on Indonesia Stock Exchange from 2005 up to 2007 is in overpriced condition. The calculation used in this research is determining the event periode of stock split of each emitter. It calculates actual return, expedted return, abnormal return, stock trade volume activity, abnormal average standard deviation at pre and post split, and calculates t-statistical (on the significance level of a = 5%). The research result shows that split has no effect on the level of return. The calculation result of 6,,,,t and tta,,e concludes negative effect on the company liquidity that is shown by PT. Bana Finance (BBLD) and Ciputra Surya (CTRS). While, the unmentioned cmpany has no effect on the company liquidity. From the final result of this calculation, it can be drawn a conclution that stock split has no any effect on the level of return and stock liquidity of the company.

Item Type: Thesis (Other)
Subjects: H Social Sciences > H Social Sciences (General)
Divisions: Faculty of Economic > Department of Management
Depositing User: Anwar Jasin
Date Deposited: 13 Apr 2012 03:45
Last Modified: 13 Apr 2012 03:45
URI: http://eprints.umm.ac.id/id/eprint/2164

Actions (login required)

View Item View Item