Analysis of Abnormal Return and Stock Trading Volume Before and After Stock Split on Non-Prime Consumer Sector Companies on the IDX in 2018-2021

Prabawati, Kadek Ayu Indri and Dwijayanti, Ni Made Ayu and Suprapto, Putu Adi (2022) Analysis of Abnormal Return and Stock Trading Volume Before and After Stock Split on Non-Prime Consumer Sector Companies on the IDX in 2018-2021. Repositori Politeknik Negeri Bali.

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Abstract

Stock prices that are too high can reduce investor interest in buying shares of a company which will have an impact on decreasing stock liquidity and stagnant stock prices. Therefore, not a few companies carry out stock split policies so that stock prices are more affordable and at a price range that is equivalent to similar companies. In addition, the stock split is also one of the company's efforts to attract investors to buy company shares so that it has an impact on increasing stock liquidity. This research aims to analyze and find out whether there are differences in abnormal returns and stock trading volume before and after the stock split in non-primary consumer companies on the Indonesian Stock Exchange in 2018-2021. The population in this study was 34 companies that carried out a stock split in 2018-2021. By using the purposive sampling method, the research sample consists of: 34 companies are classified into 13 companies. Data was obtained through the website of the Indonesian Stock Exchange and Yahoo Finance. The data analysis technique in this study used One-Sample Kolmogorov Smirnov and Paired sample t-test. The Paired Sample T-Test results from this study indicate that there are differences in abnormal returns and stock trading volumes before and after the stock split. This means that the stock split event can provide a positive signal that affects investors in making investment decisions.

Item Type: Article
Subjects: Ilmu Ekonomi > Ilmu Manajemen > Manajemen
Divisions: Jurusan Akuntansi > Prodi Akuntansi Manajerial > Skripsi
Depositing User: Kadek Ayu Indri Prabawati
Date Deposited: 21 Sep 2022 02:48
Last Modified: 21 Sep 2022 02:48
URI: http://repository.pnb.ac.id/id/eprint/1788

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