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Journal : Jurnal Manajemen dan Bisnis Sriwijaya

Kinerja Saham Perusahaan Sebelum dan Sesudah Stock-Split di Bursa Efek Indonesia Isnurhadi Isnurhadi
JURNAL MANAJEMEN DAN BISNIS SRIWIJAYA Vol 8, No 16 (2010): Jurnal Manajemen dan Bisnis Sriwijaya
Publisher : Program Studi Magister Manajemen FE Unsri

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (349.945 KB) | DOI: 10.29259/jmbs.v8i16.7948

Abstract

This research is an even study that was conducted by analyzing the performance of stocks 5 days before and after stock’s split. The objective of this research is to investigate and analyze the change of the stocks’ performance after being split. In this case, the stock’s performance is measured in term of stock price, stock return, and stock trading volume. To analyze the change in performance of stock split, signaling theory is used where stock split is deemed as a signal to investors that the company has a good prospect in the future. The sample comprises of companies listed at the Indonesian Exchange that experienced stock split during a period of 2006 to 2008. Sample is selected using purposive sampling. 37 companies’ stocks are selected conforming to the criteria. Using paired t-test, the data was analyzed to test whether any significant difference in performance before and after stock split.This research found that there is a significant difference in stock performance before and after stock split. There is a significant price change before and after stock split. The trading volume before the split is also significantly different from after the split with the p-value of 0.006. Finally, in term of stock return there is a significant difference between returns 5 days before split and returns 5 days after split with the p-value of 0.024. In short, the hypotheses that there are significant performances differences in term of stock price, stock return and stock trading volume are supported.Keyword : Stock performance, stock price, stock return and stock trading volume
Pengaruh Kinerja Keuangan Perusahaan Terhadap Return Saham Pada Perusahaan Sektor Makanan dan Minuman Di PT Bursa Efek Indonesia Elly Salim; Isnurhadi Isnurhadi
JURNAL MANAJEMEN DAN BISNIS SRIWIJAYA Vol 9, No 18 (2011): Jurnal Manajemen dan Bisnis Sriwijaya
Publisher : Program Studi Magister Manajemen FE Unsri

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (333.341 KB) | DOI: 10.29259/jmbs.v9i18.7939

Abstract

This research is conducted to obtain the influence financial performance indicators; Return On Equity, Debt to Equity Ratio, Dividend Payout Ratio, Return On Assets, and Earning Per Share  to the stock return of foods and beverage sector at Indonesian Stock Exchange..The sample used in this research is purposive sampling. There have been 15 samples taken from companies listing in Indonesia Stock Exchange. The data used in this study are secondary collected from financial statements.By using 95% of confidence level, it was found that Return On Equity, Debt to Equity Ratio, Dividend Payout Ratio, Return On Assets, and Earning Per Share  significantly affect stock return. For further research, it is axpected to add some new variables effecting stock return.Keyword : Return On Equity, Debt to Equity Ratio. Dividend Payout Ratio, Return On Assets, Earning Per Share, Stock return