Analisis Perbedaan Liquiditas Saham, Kinerja Keuangan, dan Return Saham di Sekitar Pengumuman Stock Split
DOI:
https://doi.org/10.21512/tw.v9i1.727Keywords:
stock split, trading, financial performance, stock returnAbstract
Using 13 samples from listed companies in Jakarta Stock Exchange within 2003-2005, this article analyze the difference of stock liquidity, financial performance, and stock return in the period of stock split announcement. Multivariate Analysis of Variance (MANOVA) shows that there is no difference in Trading Volume Activity (TVA) of stock and financial performance before, within, and after stock split announcement, but this study finds that the difference in stock return exist in the period of stock split announcement.
Plum Analytics
References
Almilia, Luciana Spica dan Emanuel Kristijadi. 2005. “Analisis Kandungan Informasi dan Efek Intra Industri Pengumuman Stock Split yang Dilakukan oleh Perusahaan Bertumbuh dan Tidak Bertumbuh,” Jurnal Ekonomi dan Bisnis Indonesia, Vol. 20, No. 1, 2005.
Anggraini, Wahyu dan Jogiyanto. 2000. “Penelitian tentang Informasi Laba dan Dividen Kas yang Dibawa oleh Pengumuman Pemecahan Saham,” Jurnal Bisnis dan Akuntansi, Vol. 2, No. 1, April 2000.
Ardiansari, Anindya. 2006. “Analisis Pengaruh Stock Split Ditinjau dari Abnormal Return dan Volume Perdagangan terhadap Bid Ask Spread,” Skripsi Program Sarjana Universitas Diponegoro, Semarang.
Ediningsih, Sri Isworo. 2004. “Rasio Keuangan dan Prediksi Pertumbuhan Laba: Studi Empiris pada Perusahaan Manufaktur di BEJ,” Wahana, Vol. 7, No. 1, Februari 2004.
ECFIN. 2006. Indonesian Capital Market Directory 2006. Jakarta
Festasina, Sonnynda. 2004. “Analisis Perbedaan Return Saham dan Volume Perdagangan Sebelum dan Sesudah Stock Split Perusahaan Publik di BEJ,” Skripsi Program Sarjana Universitas Diponegoro, Semarang.
Ghozali, Imam. 2005. Aplikasi Analisis Multivariate dengan Program SPSS. Semarang: Badan Penerbit Universitas Diponegoro.
Ghozali, Imam. 2002. Statistik Non Parametrik Teori dan Aplikasi dengan Program SPSS. Semarang: Badan Penerbit Universitas Diponegoro.
Hapsari, Irma. 2004. “Pengaruh Pengumuman Stock Split terhadap Abnormal Return Saham Perusahaan di Bursa Efek Jakarta,” Skripsi Program Sarjana Universitas Diponegoro, Semarang.
Harsono, Margaretha. 2004. “Analisis Pemecahan Saham: Dampaknya terhadap Likuiditas Perdagangan dan Pendapatan Saham,” Balance, Vol 1, No. 1, Maret 2004.
Herdiana, Dandan Febri. 2003. “Analisis Pengaruh Informasi Akuntansi terhadap Return Saham di Bursa Efek Jakarta,” Tesis Program Pascasarjana Universitas Diponegoro, Semarang.
Jakarta Stock Exchange. 2004. Jakarta: JSX Statistics 2004.
Jogiyanto. 2000. Teori Portofolio dan Analisis Investasi. Yogyakarta: BPFE.
Kurniawati, Indah. 2003. “Analisis Kandungan Informasi Stock Split dan Likuiditas Saham: Studi Empiris pada Non-synchronous Trading,”Jurnal Riset Akuntansi Indonesia, Vol. 6, No. 3, September 2003.
Marwata. 2001. “Kinerja Keuangan, Harga Saham, dan Pemecahan Saham,” Jurnal Riset Akuntansi Indonesia, Vol. 4, No. 2, Mei 2001.
Mulyadi. 1997. Akuntansi Manajemen Konsep, Manfaat, dan Rekayasa. Yogyakarta: Bagian Penerbitan Sekolah Tinggi Ilmu Ekonomi YKPN.
Mulyanto, Widodo Hari. 2006. “Analisis Kinerja Saham di Seputar Pengumuman Pemecahan Saham,” Tesis Program Pascasarjana Universitas Diponegoro, Semarang.
Perdananingrum, Anita. 2004. “Informasi Laporan Keuangan Sebagai Alat Memprediksi Laba (Studi Kasus pada Perusahaan Industri Barang Konsumsi di Bursa Efek Jakarta Tahun 2000-2002),” Skripsi Program Sarjana Universitas Diponegoro, Semarang.`
Riyadi, Agus. 2004. “Analisis Pengaruh Stock Split Terhadap Return dan Volume Perdagangan Saham di BEJ,” Skripsi Program Sarjana Universitas Diponegoro, Semarang.
Susilo, Hadi Ari. 2005. “Analisis Pengaruh Kinerja Keuangan Dengan Alat Ukur ROA dan EVA Terhadap Return Saham,” Skripsi Program Sarjana Universitas Diponegoro, Semarang.
Sutisno, Wang, Fransisca Yuniartha, dan Soffy Susilowati. 2000. “Pengaruh Stock Split Terhadap Likuiditas dan Return Saham di Bursa Efek Jakarta,” Jurnal Manajemen dan Kewirausahaan, Vol. 2, No. 2, September 2000.
Wijayanti, Rafika. 2005. “Analisis Perbedaan Kinerja Keuangan dan Harga Saham Antara Perusahaan yang Melakukan Stock Split dan Tidak Melakukan Stock Split di Bursa Efek Jakarta Tahun 2000-2004,” Skripsi Program Sarjana Universitas Diponegoro.
Winarso, Iwan. 2004. “Analisis Likuiditas dan Return Saham Perusahaan Sebelum dan Sesudah Stock Split Suatu event Studi di BEJ,” Skripsi Program Sarjana Universitas Diponegoro, Semarang.
Downloads
Published
Issue
Section
License
Authors who publish with this journal agree to the following terms:
a. Authors retain copyright and grant the journal right of first publication with the work simultaneously licensed under a Creative Commons Attribution License - Share Alike that allows others to share the work with an acknowledgment of the work's authorship and initial publication in this journal.
b. Authors are able to enter into separate, additional contractual arrangements for the non-exclusive distribution of the journal's published version of the work (e.g., post it to an institutional repository or publish it in a book), with an acknowledgment of its initial publication in this journal.
c. Authors are permitted and encouraged to post their work online (e.g., in institutional repositories or on their website) prior to and during the submission process, as it can lead to productive exchanges, as well as earlier and greater citation of published work.
USER RIGHTS
All articles published Open Access will be immediately and permanently free for everyone to read and download. We are continuously working with our author communities to select the best choice of license options, currently being defined for this journal as follows: Creative Commons Attribution-Share Alike (CC BY-SA)
