Pengaruh Pengumuman Right Issue Terhadap Return Saham Dan Likuiditas Saham Studi Pada Perusahaan Industri Perbankan Di Bursa Efek Indonesia Periode 2005 - 2007

Prariyadi, Ario Yuniawan (2009) Pengaruh Pengumuman Right Issue Terhadap Return Saham Dan Likuiditas Saham Studi Pada Perusahaan Industri Perbankan Di Bursa Efek Indonesia Periode 2005 - 2007. S1 thesis, STIE Indonesia Banking School.

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Abstract

The information of the right issue announcement had resulted in the stock market to react negatively which is reflected in the decreasing of the stock price/return and the increasing trading activity around the announcement day. The objective of this research is to verify empirically that the behavior of stock prices and trading activity differ around the issue day of right issue. This paper examines four companies in financial industry (banking sector) which announced right issue in Indonesia Stock Exchange during 2005 until 2007. The stock price is used to estimate the stock return. The research utilized trading volume activity (TVA) to test the difference in trading activity around the issue day of stock offering (right issue). Overall, the result of this research indicate that there are difference of the stock return around the period before the five right announcement and around the five day after right announcement. And also for the trading volume activity, there are difference between trading volume activity around five day before right announcement and five day period after right announcement. Keywords: Right Issue, Stock Price, Stock Return, Trading Volume Activity.

Item Type: Thesis (S1)
Subjects: H Social Sciences > HF Commerce > HF5601 Accounting
Divisions: KODEPRODI62201#Akuntansi
Depositing User: Ms Dyta Medina
Date Deposited: 20 Oct 2020 04:38
Last Modified: 20 Oct 2020 04:38
URI: http://repository.ibs.ac.id/id/eprint/1596

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