Stock Split Dan Likuiditas Saham Di Bei: Pengujian Menggunakan Hipotesis Likuiditas

Setyawan, Ignatius Roni

doi:10.21002/jaki.2010.07

Cited by 3 publications

(2 citation statements)

References 28 publications

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“…It caused a decrease in stock liquidity individually or as a portfolio. Then, Setyawan (2010) examined all go public companies listed on the stock exchange. It was shown that stock return declined after the stock split.…”

Section: Introductionmentioning

confidence: 99%

The Impact of Stock Split on the Performance in Indonesian Manufacturing Companies

Yustisia

2018

Binus Business Review

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The purpose of this research was to analyze whether the stock split had an impact on liquidity and return stock in 18 manufacturing companies listed on the Indonesia Stock Exchange (BEI) from 2012 to 2015. The stock performance used in this research was trading volume activity, bid-ask spread, and abnormal return in five days before and five days after the stock split. Data analysis method used was quantitative method by using SPSS 21 with the Kolmogorov-Smirnov normality test, paired sample t-test, and Wilcoxon test. The findings indicate that stock split does not affect the trading volume activity, bid-ask spread, and abnormal return.

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Section: Introductionmentioning

confidence: 99%

The Impact of Stock Split on the Performance in Indonesian Manufacturing Companies

Yustisia

2018

Binus Business Review

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“…Saham dibagi sebab ada limit harga maksimum yang menyebabkan nilai saham diperdagangkan di pasar menurun dengan harapan dapat meningkatkan minat investor, sehingga mengakibatkan peningkatan pada likuiditas perdagangan (Indarti dan Purba, 2011). Hal ini disebabkan oleh perusahaan yang biasanya menggunakan metode relative atau bid-ask spread untuk ukuran likuiditas, di mana penawaran dan permintaan dalam buku limit order termasuk unsur harga saham yang akan bertemu pada titik keseimbangan tertentu dan menghasilkan suatu harga pasar (Setyawan, 2010).…”

Section: Optimal Trading Rangeunclassified

Peran Trading Volume Activity Pada Pengaruh Pengumuman Stock Split dan Volatilitas Saham Terhadap Actual Return

Azzahrah

2022

ajeks

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The goal of this study is to discover how stock split announcements and stock volatility affect actual stock returns when trading volume activity (TVA) is used as an intermediary variable. All registered firms on the Indonesia Stock Exchange that implemented a stock split policy in the period of 2015 to 2020 were included in the experiment's population. The 33 samples of companies were obtained as samples in the study using the purposive sampling method. To evaluate the intervening factors, the hypothesis was examined using multiple linear regression models and path analysis. Stock splits and TVA had no effect on actual stock returns, but stock volatility did. Stock splits have a large beneficial effect on TVA, whereas stock volatility has little effect. The TVA cannot be used as a moderator in the relationship between stock split and volatility on actual return. Other variables, such as stock volatility and TVA, are purposed to be included by future researchers in order to better clarify the stock return variable as a whole.

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Study of Comparison of Stock Performance Before And After Doing Split Stock In Go Public Companies That Are Listing on The Idx Period 2013 – 2015

Yuniati¹,

Rabbani²,

Putri³

2019

att

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This study aims to determine the difference in abnormal return, trading volume activity, and security return variability before and after the stock split announcement on companies listed on the Indonesia Stock Exchange for the period 2013 - 2015. Testing the information content will be done by looking at differences in average abnormal return, average security return variability and average trading volume activity five days before and five days after the announcement of the stock split. The data analysis method that will be used is descriptive statistical analysis and different tests before and after the stock split announcement using the Wilcoxon signed rank test. The results of this study indicate that there are significant abnormal return differences before and after the stock split announcement, there is no significant difference in trading volume activity before and after the stock split announcement, and there is no significant difference in security return variability before and after the stock split announcement.

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Stock Split Dan Likuiditas Saham Di Bei: Pengujian Menggunakan Hipotesis Likuiditas

Abstract: This study aims to re-examine the effectiveness of liquidity hypothesis in stock split. Liquidity hypothesis in stock split is defined as the returning stock price to the optimal trading level. Based on Ekaputra and Putri (2006) Ekaputra and Putri (2006) and in line with Kim et al. (2007)

Cited by 3 publications

References 28 publications

The Impact of Stock Split on the Performance in Indonesian Manufacturing Companies

The Impact of Stock Split on the Performance in Indonesian Manufacturing Companies

Peran Trading Volume Activity Pada Pengaruh Pengumuman Stock Split dan Volatilitas Saham Terhadap Actual Return

Study of Comparison of Stock Performance Before And After Doing Split Stock In Go Public Companies That Are Listing on The Idx Period 2013 – 2015

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