Analisis Pengaruh Pengumuman Dividen Terhadap Harga Saham Pada Saham LQ45 Periode 2007 - 2009

Garrini, Natasha (2011) Analisis Pengaruh Pengumuman Dividen Terhadap Harga Saham Pada Saham LQ45 Periode 2007 - 2009. S1 thesis, STIE Indonesia Banking School.

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Abstract

This research objective is to analyze the influence of dividend announcement by share return on LQ45 in Jakarta Stock Exchange. This research objective takes a sample from 22 companies of 45 liquid companies by purposive sampling method. These are two kinds of samples, increasing dividend and decreasing dividend. The days of observation will be divided into 30-days estimation period and 11-days event period, including 5 days before and after event The method used in this research is event study that observes the stock price movement in the capital market. To examine the existence of price reaction, the abnormal return test will be conducted during the event period. The result indicates that at significant level 5%, there is one working day which yields the abnormal return that is significant at the decreasing dividend on t=0. Whereas the increasing dividend reveals that there are four days that deliver the abnormal return which is significant on t-4, t-3, t-1, and t+5. The final conclusion is that the dividend announcement has influenced to the share return, both in increasing dividend categories or decreasing dividend categories. Key words: Dividend announcement, abnormal return

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: 13 Oct 2020 01:56
Last Modified: 13 Oct 2020 01:56
URI: http://repository.ibs.ac.id/id/eprint/1537

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