Claim Missing Document
Check
Articles

Found 1 Documents
Search
Journal : Jurnal Ilmiah ASET

Stock Splits Mampukah Memprediksi Perubahan Laba Masa Datang Yusni Warastuti; Widuri Kurniasari
Jurnal Ilmiah Aset Vol 10 No 1 (2008): Jurnal ASET Volume 10 No 1
Publisher : STIE Widya Manggala

Show Abstract | Download Original | Original Source | Check in Google Scholar

Abstract

This study examines whether stock splits announcement contain information about future profitability, measured in terms of future earnings change. Our empirical result show evidence that runup price and price prior stock splits event are positively related to stock split factor and significant. Indeed, we find that split factors signal not only unable to predict future earnings change, after controlling for current profitability.