Jurnal Manajemen dan Kewirausahaan (JMDK)
Vol 10, No 1 (2022): June 2022

Analysis of the Effect of Stock Split Corporate Action on Stock Prices with Liquidity as an Intervening Variable

Muhammad Ilham Maulana (Universitas Islam Negeri Maulana Malik Ibrahim Malang)
Indah Yuliana (Universitas Islam Negeri Maulana Malik Ibrahim Malang)

Article Info

Publish Date
29 Jun 2022

Abstract

This research aims to look at the effect of stock splits on stock prices with variable liquidity as intervening. The research sample consisted of 83 companies on the Indonesia Stock Exchange (IDX) that conducted a stock split corporate action in the period 2015-2020 with the requirement that the stock be active in stock trading (no suspension for a long time). The data taken on the study was 5 days before the stock split and 5 days after the stock split. Analysis tools used in the form of IBM SPSS 25 with methods of Path Analysis and Sobel Test. The results of the study found that: 1) stock split has a significant positive effect on stock prices and liquidity, 2)liquidity has a significant effect on stock prices, but is unable to mediate the effect of stock splits on stock prices.  

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Journal Info
Jurnal Manajemen dan Kewirausahaan (JMDK)
Website

Abbrev

jmdk

Publisher

Universitas Merdeka Malang

Subject

Decision Sciences, Operations Research & Management

Description

Jurnal Manajemen dan Kewirausahaan is a periodical issue containing information and analysis related to management science and entrepreneurship. This journal is of a popular scientific nature that includes both theoretical and empirical research. ...