Reaksi Pasar Atas Pengumuman Dividen (Studi Pada Emiten Yang Terdaftar Di Jakarta Islamic Index)
Abstract: This research aims
to see market reaction over the increasing and declining dividend announcement.
The objective in this research is to test whether the stock price reacts
positively to the increasing dividend announcement and reacts negatively to the
declining dividend announcement are shown by the significant abnormal return
(AR) value in around the announcement date and by the significant difference of
abnormal trading volume activity (ATVA) before and after the announcement. The
results indicate that market does not react over increasing as well as
decreasing dividend announcement. This indicates that the event of dividend
changes announcement are not reacted by market.
Keywords: increasing dividend,
declining dividend, abnormal return, abnormal trading volume activity
Penulis: Ari Widodo, Nisful
Laila
Kode Jurnal: jpmanajemendd161251
