Pengaruh Right Issue Di Sekitar Ex Date Terhadap Return, Abnormal Return, Dan Likuiditas Saham Perusahaan Di Bursa Efek Indonesia (Tahun 2006 - 2008)

Armi, Armi (2011) Pengaruh Right Issue Di Sekitar Ex Date Terhadap Return, Abnormal Return, Dan Likuiditas Saham Perusahaan Di Bursa Efek Indonesia (Tahun 2006 - 2008). S1 thesis, STIE Indonesia Banking School.

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Abstract

Empirically, the information of ex date right issue had resulted in the stock market to react negatively which is reflected in the decreasing of stock price/return and increasing trading activity around the ex date day. The objective of this research is to verify empirically that the behavior of stock price and trading activity differ significantly around the issue day of right issue. This research examines thirty four companies which announced right issue in Indonesia Stock Exchange during 2006 to 2008. Market-adjusted return model is used to estimate the abnormal return. The estimation of this return is the difference between the actual and the expected return rate. This research utilized Trading Volume Activity (TVA) to test the difference in trading activity around the issue day of stock offering (right issue) This research shows that there are decreasing returns, abnormal return and trading volume activities after the ex date day. Overall, the result of this paper indicates that there are significant differences among stock return and trading volume activity around the ex date, but no significant difference in abnormal return. Keywords: right issue, return, abnormal return, trading volume activity.

Item Type: Thesis (S1)
Subjects: H Social Sciences > HD Industries. Land use. Labor > HD28 Management. Industrial Management
Divisions: KODEPRODI61201#Manajemen
Depositing User: Mrs. Deli Apsa
Date Deposited: 09 Oct 2020 03:54
Last Modified: 09 Oct 2020 03:54
URI: http://repository.ibs.ac.id/id/eprint/1515

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