REAKSI HARGA SAHAM DAN RISIKO SAHAM SEBELUM DAN SESUDAH PENGUMUMAN DIVIDEN PADA PERUSAHAAN LQ45 YANG LISTING DI BURSA EFEK JAKARTA

Perdana, Arief (2008) REAKSI HARGA SAHAM DAN RISIKO SAHAM SEBELUM DAN SESUDAH PENGUMUMAN DIVIDEN PADA PERUSAHAAN LQ45 YANG LISTING DI BURSA EFEK JAKARTA. Other thesis, University of Muhammadiyah Malang.

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REAKSI_HARGA_SAHAM_DAN_RISIKO_SAHAMSEBELUM_DAN_SESUDAH_PENGUMUMAN_DIVIDENPADA_PERUSAHAAN_LQ45_YANG_LISTINGDI_BURSA_EFEK_JAKARTA.pdf

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Abstract

This reaserch objective is to analyse the influence of dividen announcement to company stock’s price and risk for company that classified as LQ 45 between January, 1 2004 until December, 31 2006. This research use windows period for 7 days before and 7 days after event period. Research method that used in this research is event study with sampling method using purposive sampling method. To test the stock’s price reaction dan stock’s risk therefore conducted Average Abnormal Return test and Standart Deviation test by using non parametric statistic parametric 2-Related Sample Test (Wilcoxon Signed Ranks Test) method. From the research result indicated that before dividend announcement stock’price and stock’s risk reaction are positive, meanwhile after dividend announcement the reaction of stock’s price and stock’s risk are negative. After resemble statistic test it appear to find out that there are significant reaction between stock’s price and stock’s risk before dividend announcement with stock’s price and stock’s risk after dividend announcement where the stock’s price Asymp. Sig is 0.192 with significant level 0.05 and stock’s risk indicated Asymp. Sig is 0.694. From the research result are able to conduct summary that there are significant difference between stock’s price and stock’s risk reaction before dividend announcement and after dividend announcement. Where the reaction before dividend announcement is positive and after is negative.

Item Type: Thesis (Other)
Subjects: H Social Sciences > HB Economic Theory
Divisions: Faculty of Economic > Department of Accounting
Depositing User: Anggit Aldila
Date Deposited: 31 May 2012 02:30
Last Modified: 31 May 2012 02:30
URI: http://eprints.umm.ac.id/id/eprint/6215

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