ANALISIS EFEK INTRA INDUSTRI PADA PENGUMUMAN PEMBAGIAN DIVIDEN PT TELKOM TAHUN 2006-2011
The purpose of this study was to determine whether the market reacts to dividend announcements made by PT Telkom, and whether there are other companies in the telecommunications industry affected by intra-industry effects (both the contagion effects and competitive effects) due to the event. Data ob...
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| Main Authors: | , |
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| Format: | Theses and Dissertations NonPeerReviewed |
| Published: |
[Yogyakarta] : Universitas Gadjah Mada
2013
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| Subjects: | |
| Online Access: | https://repository.ugm.ac.id/120428/ http://etd.ugm.ac.id/index.php?mod=penelitian_detail&sub=PenelitianDetail&act=view&typ=html&buku_id=60459 |
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| Institution: | Universitas Gadjah Mada |
| Summary: | The purpose of this study was to determine whether the market reacts to
dividend announcements made by PT Telkom, and whether there are other
companies in the telecommunications industry affected by intra-industry effects
(both the contagion effects and competitive effects) due to the event.
Data obtained from the dividend announcement event at the shareholders
meeting, whether final dividend or interim dividend, from year 2006 to 2011. The
sample in this study is the entire population, the telecommunications company
whose shares are listed on the Indonesia Stock Exchange (IDX) up to December
2010.
The method used in this study is the event study. In the test of the first
hypothesis is obtained by comparing the maximum and minimum values, as well
as the percentage change in stock price of PT Telkom in a period of one month
prior to the event. The second hypothesis testing is done by testing the abnormal
stock return of each other telecom companies at each event.
The results showed that the dividend announcement PT Telkom did not
have information content, and there are no intra-industry effects on other
telecommunications companies to the event. |
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