Reaksi Pasar Modal Indonesia Atas Pengumuman Right Issue Terhadap Abnormal Return dan Trading Volume Activity ( Event Study pada Saham yang Listing di Bursa Efek Indonesia Periode 2012-2014)

Vella, Fiticia Rizki (2016) Reaksi Pasar Modal Indonesia Atas Pengumuman Right Issue Terhadap Abnormal Return dan Trading Volume Activity ( Event Study pada Saham yang Listing di Bursa Efek Indonesia Periode 2012-2014). Diploma thesis, Universitas Andalas.

Text (Skripsi Fulltext) 1430.pdf - Published Version Restricted to Repository staff only Download (920kB)

Abstract

This study aims to test and give empirical evidence about the difference of abnormal return and trading volume activity before and after right issue announcement. Samples of this study is 38 companies listed on Indonesian Stock Exchange which attempted right issue once among the 2012 to 2014 period using purposive sampling data collecting method. Hypotheses trial was performed using paired sample ttest for normal distribution data and Wilcoxon signed rank test for abnormal distribution data with SPSS program (Statistical Program for Social Science). Result of the study shows there is no significant difference between average abnormal return before and after right issue announcement. As for trading volume activity, exist a significant difference between its average before and after right issue announcement. According to these study results can be concluded that stock market can be categorized in form of semi-strong market hypothesis. This is caused by information on right issue announcement can’t be used by the investors to gain abnormal return Keywords: Right Issue, Abnormal Return, Trading Volume Activity

Actions (login required)

View Item