ANALISIS PENGARUH PENGUMUMAN PEMBAGIAN DIVIDEN TERHADAP ABNORMAL RETURN PADA PERUSAHAAN YANG TERDAFTAR DI BURSA EFEK INDONESIA TAHUN 2013-2015
DOI:
https://doi.org/10.25170/jara.v10i2.45Keywords:
dividend, abnormal return, asymetric information, market reaction, efficiency marketAbstract
This study aims to determine the effect of the dividend's announcement to abnormal return from companies that registered in the Indonesia Stock Exchange. The study conducted by calculating the abnormal return by testing the hypothesis by using samples of 14 companies that registered IPO (Initial Pubilic Offer) on the Indonesian Stock Exchange in 2013-2015. From the analysis conducted, showed that there is significant effect between the announcement of the dividend’s announcement of the abnormal return. The result came out from the significant abnormal return that happen before, during and after the event's date.
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Budiarto, Arif. (1999). Pengaruh pengumuman right issue terhadap tingkat keuntungan dan likuiditas saham di Bursa Efek Jakarta periode 1994--1996. Jurnal Riset Akuntansi Indonesia, 2 (1), 91-115.
Fama, E. (1970). Efficient capital markets – A review of theory and empirical work, Journal of Finance, 25, 2.
Hartono, J. (1998). Analisis dan desain sistem informasi :Pendekatan terstruktur teori dan praktek aplikasi bisnis. Yogyakarta: Andi Offset.
Hartono, J. (2008). Teori portofolio dan analisis investasi. Yogyakarta: BPFE.
Hartono, J. (2009). Teori portofolio dan analisis investasi. Edisi keenam. Cetakan pertama. Yogyakarta: BPFE.
Hartono, J. (2013). Teori portofolio dan analisis investasi. Edisi kedelapan. Yogyakarta: BPFE.
Pramastuti, S. (2007). Analisis kebijakan dividen : Pengujian dividend signaling theory dan rent extraction hypothesis. Tesis. Universitas Gajah Mada. Yogyakarta.
Sielvia, Ayu A. (2009). Pengaruh Dividen Inisiasi dan Dividen Omisi Terhadap Return Saham di Bursa Efek Indonesia. Jurnal Siasat Bisnis, 13 (2), 113-128
Tjandra, R. (2006). Pengujian efisiensi pasar setengah kuat secara informasi terhadap pengumuman inisiasi dividen (Studi empiris pada perusahaan-perusahaan yang terdaftar di Bursa Efek Jakarta periode tahun 2000--2003). Skripsi. Yogyakarta: Akademi Akuntansi YKPN.
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Published
2017-04-01
How to Cite
Sumani, S., & Larasati, D. (2017). ANALISIS PENGARUH PENGUMUMAN PEMBAGIAN DIVIDEN TERHADAP ABNORMAL RETURN PADA PERUSAHAAN YANG TERDAFTAR DI BURSA EFEK INDONESIA TAHUN 2013-2015. Jurnal Akuntansi, 10(2), 180–190. https://doi.org/10.25170/jara.v10i2.45
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