Masna, Shafrida (2009) Reaksi Return Saham Terhadap Pengumuman Dividen Kas Di Bursa Efek Indonesia Pada Perusahaan-Perusahaan LQ45 Periode 2006-2007. S1 thesis, STIE Indonesia Banking School.
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Shafrida Masna. Ak.- IBS, 2008.pdf Download (13MB) | Preview |
Abstract
The objectives of this research are to observe the reaction of stock return to dividend announcement event, and also to observe whether The Indonesia Stock Exchange could meet the qualification of semi-strong efficient market. The study is an event study, which observe the stock return 5 days before, at the day, and 5 days after the date of dividend announcement. Samples of this research are 9 increase dividend announcement, 3 constant dividend announcement, and 2 decrease dividend announcement for 2006, and 8 increase dividend announcement, and 5 decrease dividend announcement for 2007. We use t-test to test the hypothesis. The result of this research indicates that there is no impact at all of higher, constant or lower dividend announcement on abnormal return and average abnormal return during 2006 and 2007 in Indonesia Stock Exchange. Besides the above conclusion, this research also concludes that the Indonesia Stock Exchange could not meet the qualification of semi-strong efficient market. Keywords: Dividend Announcement, Average Abnormal Return (AAR),
| Item Type: | Thesis (S1) |
|---|---|
| Subjects: | H Social Sciences > HF Commerce > HF5601 Accounting |
| Divisions: | Prodi S1 Akuntansi |
| Depositing User: | Ms Dyta Medina |
| Date Deposited: | 12 Nov 2020 06:40 |
| Last Modified: | 12 Nov 2020 06:40 |
| URI: | http://repository.ibs.ac.id/id/eprint/1714 |
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