ANALISIS PBNGARUH PENGUMUMAN DIVIDEN DAN EX-DEVIDEN DATE TERHADAP PBRUBAHAN RETURN DAN VOLUME PERDAGANGAN SAHAM DI BURSA EFEK INDONBSIA
Increasing dividend announcement indicates a positive signal to investors and company management about the future profit growth good prospects in the coming years. Companies that are able to distribute higher dividends would have increase their share price as investors considered the companies to po...
| Main Authors: | , |
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| Format: | Thesis |
| Published: |
[Yogyakarta] : Universitas Gadjah Mada
2013
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| Subjects: |
| _version_ | 1797034390151233536 |
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| author | , Azka , Dr. Suad Husnan, MBA. |
| author_facet | , Azka , Dr. Suad Husnan, MBA. |
| author_sort | , Azka |
| collection | UGM |
| description | Increasing dividend announcement indicates a positive signal to investors
and company management about the future profit growth good prospects in the
coming years. Companies that are able to distribute higher dividends would have
increase their share price as investors considered the companies to possess excess
free cash flow, which is the cash remaining after deducting the investment needs
for the following years.
Ex-dividend date is a condition for the loss of the right to receive
dividends on the shares owned by investors when buying shares at the ex-dividend
date or after the ex-dividend date which can lead to decrease investor�s motivation
to buy the stock on the ex-dividend date thus the tendency for ex-dividend date is
decreasing stock price.
This research aims to test whether the market reaction towards dividend a
announcement in the form of positive abnormal returns and trading activity
increase towards dividend per share increase, as well as the occurrence of
abnormal negative returns and a decrease in trading activity in the presence of exdividend
date. Market model is used to test the abnormal return while trading
volume activity (TVA) is applied to test stock trading used activity.
The results shows that there are positive abnormal return during the
dividend increase per share in cash announcement, negative abnormal return at the
ex-dividend date and the day after the ex-dividend date. While based on TVA
calculation, there is no significant difference found in trading activity both before
and after the announcement of the dividend increase per share and ex-dividend
date. |
| first_indexed | 2024-03-13T23:10:58Z |
| format | Thesis |
| id | oai:generic.eprints.org:125535 |
| institution | Universiti Gadjah Mada |
| last_indexed | 2024-03-13T23:10:58Z |
| publishDate | 2013 |
| publisher | [Yogyakarta] : Universitas Gadjah Mada |
| record_format | dspace |
| spelling | oai:generic.eprints.org:1255352016-03-04T08:27:29Z https://repository.ugm.ac.id/125535/ ANALISIS PBNGARUH PENGUMUMAN DIVIDEN DAN EX-DEVIDEN DATE TERHADAP PBRUBAHAN RETURN DAN VOLUME PERDAGANGAN SAHAM DI BURSA EFEK INDONBSIA , Azka , Dr. Suad Husnan, MBA. ETD Increasing dividend announcement indicates a positive signal to investors and company management about the future profit growth good prospects in the coming years. Companies that are able to distribute higher dividends would have increase their share price as investors considered the companies to possess excess free cash flow, which is the cash remaining after deducting the investment needs for the following years. Ex-dividend date is a condition for the loss of the right to receive dividends on the shares owned by investors when buying shares at the ex-dividend date or after the ex-dividend date which can lead to decrease investor�s motivation to buy the stock on the ex-dividend date thus the tendency for ex-dividend date is decreasing stock price. This research aims to test whether the market reaction towards dividend a announcement in the form of positive abnormal returns and trading activity increase towards dividend per share increase, as well as the occurrence of abnormal negative returns and a decrease in trading activity in the presence of exdividend date. Market model is used to test the abnormal return while trading volume activity (TVA) is applied to test stock trading used activity. The results shows that there are positive abnormal return during the dividend increase per share in cash announcement, negative abnormal return at the ex-dividend date and the day after the ex-dividend date. While based on TVA calculation, there is no significant difference found in trading activity both before and after the announcement of the dividend increase per share and ex-dividend date. [Yogyakarta] : Universitas Gadjah Mada 2013 Thesis NonPeerReviewed , Azka and , Dr. Suad Husnan, MBA. (2013) ANALISIS PBNGARUH PENGUMUMAN DIVIDEN DAN EX-DEVIDEN DATE TERHADAP PBRUBAHAN RETURN DAN VOLUME PERDAGANGAN SAHAM DI BURSA EFEK INDONBSIA. UNSPECIFIED thesis, UNSPECIFIED. http://etd.ugm.ac.id/index.php?mod=penelitian_detail&sub=PenelitianDetail&act=view&typ=html&buku_id=65704 |
| spellingShingle | ETD , Azka , Dr. Suad Husnan, MBA. ANALISIS PBNGARUH PENGUMUMAN DIVIDEN DAN EX-DEVIDEN DATE TERHADAP PBRUBAHAN RETURN DAN VOLUME PERDAGANGAN SAHAM DI BURSA EFEK INDONBSIA |
| title | ANALISIS PBNGARUH PENGUMUMAN DIVIDEN DAN
EX-DEVIDEN DATE TERHADAP PBRUBAHAN RETURN
DAN VOLUME PERDAGANGAN SAHAM
DI BURSA EFEK INDONBSIA |
| title_full | ANALISIS PBNGARUH PENGUMUMAN DIVIDEN DAN
EX-DEVIDEN DATE TERHADAP PBRUBAHAN RETURN
DAN VOLUME PERDAGANGAN SAHAM
DI BURSA EFEK INDONBSIA |
| title_fullStr | ANALISIS PBNGARUH PENGUMUMAN DIVIDEN DAN
EX-DEVIDEN DATE TERHADAP PBRUBAHAN RETURN
DAN VOLUME PERDAGANGAN SAHAM
DI BURSA EFEK INDONBSIA |
| title_full_unstemmed | ANALISIS PBNGARUH PENGUMUMAN DIVIDEN DAN
EX-DEVIDEN DATE TERHADAP PBRUBAHAN RETURN
DAN VOLUME PERDAGANGAN SAHAM
DI BURSA EFEK INDONBSIA |
| title_short | ANALISIS PBNGARUH PENGUMUMAN DIVIDEN DAN
EX-DEVIDEN DATE TERHADAP PBRUBAHAN RETURN
DAN VOLUME PERDAGANGAN SAHAM
DI BURSA EFEK INDONBSIA |
| title_sort | analisis pbngaruh pengumuman dividen dan ex deviden date terhadap pbrubahan return dan volume perdagangan saham di bursa efek indonbsia |
| topic | ETD |
| work_keys_str_mv | AT azka analisispbngaruhpengumumandividendanexdevidendateterhadappbrubahanreturndanvolumeperdagangansahamdibursaefekindonbsia AT drsuadhusnanmba analisispbngaruhpengumumandividendanexdevidendateterhadappbrubahanreturndanvolumeperdagangansahamdibursaefekindonbsia |