Analisis Kandungan Informasi dan Efek Intra Industri Pengumuman Stock Split yang Dilakukan Oleh Perusahaan Bertumbuh dan Tidak Bertumbuh
| Main Author: | Perpustakaan UGM, i-lib |
|---|---|
| Format: | Article NonPeerReviewed |
| Terbitan: |
[Yogyakarta] : Universitas Gadjah Mada
, 2005
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| Subjects: | |
| Online Access: |
https://repository.ugm.ac.id/25859/ http://i-lib.ugm.ac.id/jurnal/download.php?dataId=8866 |
Daftar Isi:
- The objective of this research is to examine empirically about the information content and infra industry effect of stock split announcement. The analysis include three aspects: information content. risk (beta) and intra industry effect of stuck split announcement by growth firm and not growth firm. The sample of this research is 79 reporter firm (consist of 59 growth firm and 20 not growth firm) and 166 non reporter firms during the period of 1997 - 2002. The result of this research show that stock split has information content which is negatively respondend and statistically significant responded by the market around the date of stock split announcement. The difference between beta growth firms and nut growth firms after stock split announcement is significant. The infra industry effect of stock split announcement rs competitive effect. Key words: stock split. infra industry effect, competitive effect, information content