Reaction of Stock Price on Dividend Announcements
| Main Authors: | Soesanto, Angeline, Murhadi, Werner Ria, Herlambang, Arif |
|---|---|
| Format: | Proceeding PeerReviewed application/pdf |
| Bahasa: | eng |
| Terbitan: |
, 2021
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| Subjects: | |
| Online Access: |
http://repository.ubaya.ac.id/41728/ https://dx.doi.org/10.2991/aebmr.k.210628.005 |
Daftar Isi:
- This study aims to determine the existence of market reactions that can be seen from the presence of abnormal returns during the dividend announcements in companies listed on the Indonesia Stock Exchange (IDX) during the 2013-2017 period and find out what factors influence the Cumulative Abnormal Return (CAR) when there is a dividend announcement. The research objects were all Indonesian companies listed on IDX that distribute dividends to their shareholders over the 2013-2017 period. The results of this study indicate that the market responds positively to dividend announcements with abnormal returns right on the dividend announcement day when the company distributes higher, lower, and same dividend amounts. While, firm size, founder ownership, firm’s age, beta, sales growth, ROA, and dividend yield variables simultaneously have a significant effect on Cumulative Abnormal Return (CAR) during the dividend announcements.