PEMECAHAN SAHAM TERHADAP LIKUIDITAS DAN RETURN SAHAM
ABSTRACT: Number of demand for
shares will raise the price and share return. Some companies choose to do share
split because the prices are too high that will affect investor interest. The
share split is the corporate action to make its share price lower and more
attractive to be traded. The method used is descriptive and verification
method. Data analysis used is event study of the announcement of a corporate action.
Populations are 30 companies that make share split from 2006 until 2008 in
Indonesia Share Exchange. The analysis was performed by using paired samples t
test to test the average difference. The result shows the bid-ask spread before
and after share split are different, meaning that share split affects the
liquidity of shares, but objective to improve the share liquidity is not
achieved. Abnormal returns before and after share split are different, meaning
that share split affects the share
return, but objective to improve the share return is not achieved.
Keywords: Share-split, bid-ask
spread, abnormal return
Penulis: ELLEN RUSLIATI dan
ESTI NUR FARIDA
Kode Jurnal: jpakuntansidd1000069
