Pengaruh Pemecahan Saham (Stock Split) Terhadap Perubahan Harga Saham dan Likuiditas Saham Pada Perusahaan Manufaktur yang Terdaftar di Bursa Efek Indonesia
This research aims to determine the influence of stock split to stock price changes and liquidity of shares in manufacturing companies listed in Indonesia Stock Exchange (BEI). Stock price changes is measured by stock return and stock liquidity is measured by the bid ask spread and Trading Volume Activity. Variables used in this research is stock split as the independent variable and stock return, bid ask spread and Trading Volume Activity as the dependent variable.Population of this research are the manufacturing companies listed in Indonesia Stock Exchange (BEI) since 2004 up to 2008. The sample in this research amounted to 17 companies, sampling method used was purposive sampling method (sampling judgment).Hypothesis testing is done by Paired Sample T-Test. Before this test is done, at first normality test is done with kolmogrov-Smirnov. The results of this study indicate that the stock split has no significant influence on changes in stock prices, stock split has significant negative influence on the stock liquidity (the bid ask spread), and stock split has no significant influence on the rise and fall of stock liquidity (Trading Volume Activity ).
Year of publication: |
2010-06-18
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Authors: | Lubis, Winda Sari |
Other Persons: | Nurzaimah (contributor) |
Subject: | Stock Split | Perubahan Harga Saham | Likuiditas Saham |
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