Maryam, Merry and Rini, Indriani (2012) REAKSI PASAR DI SEKITAR EX-DIVIDEND DATE (Studi Peristiwa pada Perusahaan yang Terdaftar di Bursa Efek Indonesia). ['eprint_fieldopt_thesis_type_ut' not defined] thesis, Fakultas Ekonomi UNIB.
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Abstract
Ex-dividend date is the day loss of the right to obtain a dividend
announced over shares owned by investors. This study aims to test market
reaction around the Ex-dividend date on the Indonesia Stock Exchange (IDX) in
2008-2010. This research is event study that will be observed the movement
closing prices in the capital market. Period of this research is for 21 until 24 days
(ten days before ex-dividend date, ex-dividend date, and ten days after ex-
dividend date).
This research has a final sample of 497 companies from all types of
industries that they were taken using the technique in the purposive sample. There
are two hypothesis advanced by in this research. Testing of hypotheses used one
sample t-test and paired sample t-test. As for the variable of this research is return
as measured by average abnormal return and average trading volume activity.
The test results rejects the hypotheses 1 and support the hypothesis 2. This
research concludes that there was no reaction in the capital market against ex-
dividend date measured by average abnormal return, and there was no difference
reaction in the stock market measured by average abnormal return before and after
ex-dividend date. Then, there was a reaction in the capital markets against the ex-
dividend date measured by average trading volume activity and there is no
difference reaction of the stock market measured by average trading volume
activity before and after ex-dividend date.
Item Type: | Thesis (['eprint_fieldopt_thesis_type_ut' not defined]) |
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Subjects: | H Social Sciences > HB Economic Theory |
Divisions: | Faculty of Economy > Department of Accounting |
Depositing User: | 014 Abd. Rachman Rangkuti |
Date Deposited: | 24 Dec 2013 12:41 |
Last Modified: | 24 Dec 2013 12:41 |
URI: | https://repository.unib.ac.id/id/eprint/5745 |