Pengaruh Pemecahan Saham dan Dividen Saham Terhadap Return Saham

Wihardjo, Michael Janitra and Sutejo, Bertha Silvia and Murhadi, Werner Ria (2016) Pengaruh Pemecahan Saham dan Dividen Saham Terhadap Return Saham. In: simposium Riset Ekonomi VII, 22-23 September 2016, Surabaya. (In Press)

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Abstract

This study aims to test positive effect of stock splits on stock returns and to test positive effect of stock dividends on stock returns. This study uses the quantitative approach with Ordinary Least Square method. The sample of the study the company registered in Indonesia Stock Exchange and performed corporate action such as stock splits and stock dividends in a pure, with the exception of cash dividend for the period of 1995 to 2015. The total sample is 105 companies. The study found that no effect to the stock splits and stock dividends on stock returns are measured using the average abnormal return. The control variables that have an impact is the difference of liquidity for pure stock splits and pure stock dividends, whereas the difference of volatility for stock splits and stock dividends related for robustness test, as well as pure stock dividends. Key words: Stock Splits, Stock Dividends, Stock Returns

Item Type: Conference or Workshop Item (Paper)
Uncontrolled Keywords: Pemecahan Saham, Dividen Saham, Return Saham
Subjects: H Social Sciences > HG Finance
Divisions: Faculty of Business and Economic > Department of Management
Depositing User: Bertha Silvia Sutedja
Date Deposited: 26 Jan 2017 01:26
Last Modified: 26 Jan 2017 02:18
URI: http://repository.ubaya.ac.id/id/eprint/28808

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