Analisis Harga Saham dan Rata-Rata Abnormal Return Sebelum dan Sesudah Ex-Dividend Date (Studi pada Emiten Indeks Kompas-100)

  • Alvin Mulya Hidayati Fakultas Ekonomi dan Bisnis Universitas Telkom

Abstract

The research is aimed at finding out the stock prices before and after the disclosure of dividend distribution and the difference in abnormal return before and after the disclosure of dividend distribution. The research object is companies consistent in the Index Kompas-100 from February 2009 to January 2014. The type of this research is comparative descriptive. The sample used is 54 issuers obtained by conducting purposive sampling. The research periods are 31 days consisting of 15 days before the disclosure of dividend distribution, 1 day at the disclosure of dividend distribution, and 15 days after the disclosure of dividend distribution. This research uses market adjusted model to obtain the value of expected return. While paired sample t-test is used in hypothesis testing. The result of this research shows that there is no significant difference in stock prices as well as in average abnormal return between 15 days before the disclosure of dividend distribution and 15 days after the disclosure of dividend distribution.

Downloads

Download data is not yet available.
Published
Jun 28, 2014
How to Cite
HIDAYATI, Alvin Mulya. Analisis Harga Saham dan Rata-Rata Abnormal Return Sebelum dan Sesudah Ex-Dividend Date (Studi pada Emiten Indeks Kompas-100). TRIKONOMIKA, [S.l.], v. 13, n. 1, p. 101-107, june 2014. ISSN 2355-7737. Available at: <https://journal.unpas.ac.id/index.php/trikonomika/article/view/488>. Date accessed: 25 jan. 2021. doi: http://dx.doi.org/10.23969/trikonomika.v13i1.488.
Section
Articles