Indonesian Abstract: Telah banyak penelitian yang mengkonfirmasi adanya potensi nilai ekonomis pada pembelian kembali (buyback) saham. Umumnya, penelitian-penelitian ini menyimpulkan bahwa ada peningkatan return, baik jangka pendek maupun jangka panjang, pada perusahaan yang melakukan pembelian...

Capital market represent the market transactions between the company and investor. For investors who invest their funds in shares of a company aims to earn revenue namely dividends. Many factors affect the stock price on the stock exchange, such as price earnings ratio (PER) and cash dividends....