Semi-Strong Efficient Market Hypothesis in Dividend Announcements at Indonesia Stock Exchange (Idx)
Mersa Lestari Ningrum,
Asep Risman
Abstract:This research examines the semi-strong form of the market efficiency hypothesis in the context of dividend announcements at Indonesia Stock Exchange (IDX), specifically good news in the form of dividend value increase over the previous year and bad news in the form of dividend value decrease. This research aimed to see how dividend announcements affect stock prices and how effective the market reaction is. The samples used in this study are the companies listed on the mainboard with a cash dividend payment pol… Show more
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