ANALISIS PERBANDINGAN REAKSI PASAR TERHADAP PENGUMUMAN STOCK DIVIDEND
Information that appears in the stock market is a sign of what investors should do to gain an advantage, either positive or negative information. Investors reacted to the information that appears in this case the information about the distribution of stock dividend announcements. Information that ap...
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| Format: | Thesis |
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[Yogyakarta] : Universitas Gadjah Mada
2013
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| Subjects: |
| Summary: | Information that appears in the stock market is a sign of what investors should
do to gain an advantage, either positive or negative information. Investors reacted to
the information that appears in this case the information about the distribution of
stock dividend announcements. Information that appears at the start of the time the
company announced to the media that is 2 weeks before General Meeting of
Shareholders held or at the at the General Meeting of Shareholders held. The
researcher from here trying to compare two such outstanding information and see
what step should be done by investors in response to the emerging information.
This study uses the observations from the start of 2001 to 2011 and there were
15 firms that announced a distribution about stock dividend. Used 97 of working days
for the each of company to the estimation period, 7 days to study the events and the
latter use the 97 days for the estimation period. Study the use of as many as 7 days
with events in which there is day 0 as the difference, whether the per-share price was
changed or fixed when it comes information about the distribution of a stock
dividend. The total of working days uses as many 201 a day for each company.
The results of this study indicate that the distribution of a stock dividend
based on either information that at the time of publication to media (2 weeks before
the General Meeting of Shareholders held) and during the General Meeting of
Shareholders held not give significant results to be used by investors to make the
decision to invest in the Indonesia Stock Exchange (IDX). |
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