ANALISIS DAMPAK PENGUMUMAN RIGHT ISSUE TERHADAP PERUBAHAN RETURN SAHAM PERUSAHAAN YANG LISTING DI BEJ

Kameswari, Reni Oktoria Dwi (2007) ANALISIS DAMPAK PENGUMUMAN RIGHT ISSUE TERHADAP PERUBAHAN RETURN SAHAM PERUSAHAAN YANG LISTING DI BEJ. Other thesis, University of Muhammadiyah Malang.

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Abstract

This research is empirical research on public companies on the JSE under the title "Rights Issue Announcement Impact Analysis on Change of Company Stock Return a listing on the JSE". The purpose of this study was to examine whether the rights issue announcement made by issuers effect on stock prices can be seen from the actual return of stock. In this study, the authors propose a hypothesis that is that there is a significant effect of rights issue announcements on stock price movements. The research method used in this research is the study of events (event study). While hypothesis testing is used in this study different test analysis of paired sample t-test. Results of testing the hypothesis states that overall there is a difference that was not statistically significant to the average stock return of actual before and after the rights issue announcement. This suggests that the announcement of rights issue by listed companies do not influence the stock price. This condition is caused by the announcement of rights issue does not provide information or specific signal on the market, so investors do not make investment decisions as reflected in price changes that are insignificant, which in turn will affect the actual stock return. Thus the hypothesis is not proven in this study.

Item Type: Thesis (Other)
Subjects: H Social Sciences > HB Economic Theory
Divisions: Faculty of Economic > Department of Accounting
Depositing User: Zainul Afandi
Date Deposited: 16 Jun 2012 03:52
Last Modified: 16 Jun 2012 03:52
URI: http://eprints.umm.ac.id/id/eprint/8147

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