Maryam, Merry and Rini, Indriani (2012) REAKSI PASAR DI SEKITAR EX-DIVIDEND DATE (Studi Peristiwa pada Perusahaan yang Terdaftar di Bursa Efek Indonesia). Undergraduated 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 (Undergraduated) |
|---|---|
| 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: | http://repository.unib.ac.id/id/eprint/5745 |
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