ANALISIS PERUBAHAN LIKUIDITAS DI SEKITAR PENGUMUMAN PEMECAHAN SAHAM YANG TERJADI DI BURSA EFEK INDONESIA (BEI) PERIODE 2009 – 2013

RIKHA, RODHIYAH AMALIA (2015) ANALISIS PERUBAHAN LIKUIDITAS DI SEKITAR PENGUMUMAN PEMECAHAN SAHAM YANG TERJADI DI BURSA EFEK INDONESIA (BEI) PERIODE 2009 – 2013. Other thesis, Universitas Sebelas Maret.

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    Abstract

    This paper examiner the change of liquidity around stock split announcement. Turnover ratio used as measure of stock liquidity, whereas stock price, trading volume, and systematic risk of actual return used as control variable of stock splits. Furthermore this study examines the long-term effect after splits announcement. The sample of this study using 30 listed company at Indonesian Stock Exchange. Purposive sampling used as sampling technique following specific criteria such as data availability, containing stock price, trading volume, and splits announcement information. This study using panel data multiple regression as a method because the data contains cross-section and time series. Overall the results suggest that both stock price and stock volume positively significant towards turnover ratio whereas systematic risk negatively significant toward turnover ratio, but the change of liquidity at short-term, medium-term, and long-term could not be found. Keywords: stock liquidity, stock split, actual return, turnover ratio

    Item Type: Thesis (Other)
    Subjects: H Social Sciences > HC Economic History and Conditions
    Divisions: Fakultas Ekonomi > Manajemen
    Depositing User: Minardi Aris
    Date Deposited: 15 Sep 2015 21:44
    Last Modified: 15 Sep 2015 21:44
    URI: https://eprints.uns.ac.id/id/eprint/19077

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