ANALISIS PERBEDAAN KINERJA KEUANGAN, TINGKAT KEMAHALAN HARGA SAHAM, DAN RETURN SAHAM PERUSAHAAN YANG MELAKUKAN STOCK SPLIT DAN PERUSAHAAN NON STOCK SPLIT YANG GO PUBLIC DI BURSA EFEK INDONESIA (BEI) PERIODE 2010-2013

FERDIAN, HAMZAH (2014) ANALISIS PERBEDAAN KINERJA KEUANGAN, TINGKAT KEMAHALAN HARGA SAHAM, DAN RETURN SAHAM PERUSAHAAN YANG MELAKUKAN STOCK SPLIT DAN PERUSAHAAN NON STOCK SPLIT YANG GO PUBLIC DI BURSA EFEK INDONESIA (BEI) PERIODE 2010-2013. Diploma thesis, Universitas Andalas.

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Abstract

Stock Split is events that would change the number of shares outstanding with outchanging the amount of capital the company, so stock split is said have not economic value. Signaling theory said that the company doing stock split having good performance and increase return, so that drafted a hypothesis about the company's financial performance proxied by the ratio of ROI and company stock returns are proxied by the ratio of R, while the trading range theory states that the high price is a factor driving the company's stock company stock split, then the hypothesis formulated on the level of expensiveness is proxied by stock prices PBV. This research compare the financial performance, the level of expensiveness stock prices and stock returns for companies that conduct non-company stock split and stock split. Hypothesis testing for ROI, PBV done with parametric test independent samplet-test, while testing the hypothesis on R will be done by testing the non parametric Mann-Whitney test due to having negative number. Overall the results showed that there are significant differences between PBV and R while the results showed that there was no significant differencein the ROI that companies do stock splits and corporate non-stock split. Keyword : Stock Split, Signaling Theory, Trading Range Theory

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