PENGARUH STOCK SPLIT TERHADAP RETARN SAHAM, FUTURE PROFITABILITT, DAN LIKUIDITAS PERDAGANGAN SAHAM
Stock split will be associated with the signaling theory and the theory of trading range. Signalling theory states that stock split bringing content valuable information from the manager of the company to shareholders and prospective investors. Only companies that have performed well are the stock-s...
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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/120452/ http://etd.ugm.ac.id/index.php?mod=penelitian_detail&sub=PenelitianDetail&act=view&typ=html&buku_id=60483 |
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| Institution: | Universitas Gadjah Mada |
| Summary: | Stock split will be associated with the signaling theory and the theory of
trading range. Signalling theory states that stock split bringing content valuable
information from the manager of the company to shareholders and prospective
investors. Only companies that have performed well are the stock-split. Other than
that associated with the trading range theory, a stock split is also motivated by the
desire of enterprise management to make company stock remained in the optimum
range of trading prices, to maintain liquidity trading.
The purpose of this study was to look back if the observation period 2004-
2010 event of a stock split to bring valuable information content, so the impact on
stock returns, as well as to prove whether the stock split can be used as a signal for
investors to assess its future profitability, and test whether there is a difference in the
liquidity of stock trading before and after the stock split.
The results showed that during the period of this study splits affect stock
returns, judging from the presence of abnormal returns around stock split event. The
results of another analysis concluded stock split can not be used as a signal about
future company performance will be improved, and there is a difference
between trading liquidity before and after the stock split. |
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