Winarso, Beni Suhendra (2003) Perilaku Reaksi Harga Saham terhadap Pengumuman Stock Split di Bursa Efek Jakarta ; Analisis Abnormal Return Menggunakan Beta Koreksi. [Artikel Dosen]
![[thumbnail of 2003 Jurnal Akuntansi & Bisnis - Perilaku Reaksi Harga Saham.pdf]](http://eprints.uad.ac.id/style/images/fileicons/text.png) |
Text
2003 Jurnal Akuntansi & Bisnis - Perilaku Reaksi Harga Saham.pdf Download (4MB) |
Abstract
The stock split is a phenomenon that still becoming puzzle in economics. It’s because the stock split doesn’t given economical advantage for the company. But why the issuer corporate carry out the stock split?
This study is designed to examine the market reaction, as measured by the abnormal return, on the stock turnover in stock split announcements. The sample consists of 42 stock during June 1996 to June 1997.
Examination of the market reaction of stock split, initially doing a correction toward bias beta uses four lags and four leads’ Fowler dan Rorke Method (1983) and use Single Index Model (William Sharpe, 1963).
The results of the event study analysis present that the abnormal return on stock are statistically positive and significant around the announcement dates. This finding indicated that the stock split announcement was responded by market.
Key word: market raction, abnormal return, corrected beta, stock split.
| Item Type: | Artikel Dosen |
|---|---|
| Subjects: | H Social Sciences > HG Finance |
| Divisi / Prodi: | Faculty of Economics (Fakultas Ekonomi) > S1-Accounting (S1 Akuntansi) |
| Depositing User: | S.E., M.Si Beni Suhendra Winarso |
| Date Deposited: | 20 Jan 2022 04:08 |
| Last Modified: | 20 Jan 2022 04:08 |
| URI: | http://eprints.uad.ac.id/id/eprint/31727 |
Available Versions of this Item
- Perilaku Reaksi Harga Saham terhadap Pengumuman Stock Split di Bursa Efek Jakarta ; Analisis Abnormal Return Menggunakan Beta Koreksi. (deposited 20 Jan 2022 04:08) [Currently Displayed]
Actions (login required)
 |
View Item |