ANALISIS PERBEDAAN RETURN SAHAM, TRADING VOLUME ACTIVITY DAN BID-ASK SPREAD SEBELUM DAN SESUDAH STOCK SPLIT

STUDI KASUS PADA PERUSAHAAN YANG TERDAFTAR DI BURSA EFEK INDONESIA TAHUN 2010-2014

Authors

  • Arif Widiatmoko Fakultas Ekonomi dan Bisnis Universitas Jenderal Achmad Yani
  • V. Santi Paramita Fakultas Ekonomi dan Bisnis Universitas Jenderal Achmad Yani

DOI:

https://doi.org/10.25170/jm.v14i1.795

Keywords:

stock return, trading volume activity, bid-ask spread

Abstract

The purpose of this research is to know stock return, trading volume activity and ¬bid-ask spread before and after stock split at company listed in Indonesia Stock Exchange. This study was conducted on all companies listed in Indonesia Stock Exchange 2010-2014 period with the number of research samples of 30 companies through purposive sampling technique. Data collection method used is non-participant technique with data analysis technique Paired Samples T-Test. Based on the result found that there is no difference between stock return, trading volume activity and ¬bid-ask spread before and after stock split.

References

Bachtiar, Zainul. (2013). Pengaruh Stock Split Terhadap Likuiditas Dan Return Saham Pada Perusahaan Go Public Di Bursa Efek Indonesia. Skripsi Universitas Muhammadiyah Surakarta.

Fakhrudin dan Darmadji. (2006). Pasar Modal Di Indonesia : Pendekatan Tanya Jawab. Jakarta: Salemba Empat.

Griffin, Carroll Howard Ph.D. (2010). Abnormal Returns and Stock Splits: The Decimalized vs. Fractional System of Stock Price Quotes. International Journal of Business and Management Vol. 5, No. 12: 3 - 13

Hanif, Prakoso I. (2013). Pengaruh Kebijakan Stock Split Terhadap Abnormal Return, Volume Perdagangan Saham Dan Bid-Ask Spread pada Per vusahaan Go Public Yang Terdaftar Di Bursa Efek Indonesia. Skripsi Universitas Brawijaya.

Hernoyo, Muhammad Ade. (2013). Pengaruh Stock Split Announcement Terhadap Volume Perdagangan Saham dan Return. Management Analysis Journal vol 2 : 110-116.

Hua, and Ramesh (2013). A Study on Stock Split Announcements and itsImpact on Stock Prices in Colombo Stock Exchange (CSE) of Sri Lanka. Global Journal of Management and Business Research Finance Volume 13 Issue 6.: 25 – 34

Jogiyanto, H.M. (2010). Teori Portofolio dan Analisis Investasi Edisi Ketujuh. Yogyakarta: BPFE-Yogyakarta.

Lasmanah, dan Bagia. (2014). Abnormal Return and Stock Trading Volume Analysis on the Company Taking Stock Split at Indonesia Stock Exchange Period 2010-2013. International Journal of Science and Research (IJSR) vol 2 isue 4 : 566 – 572.

Purnamasari, A.A. (2013). Pengaruh Stock Split Terhadap Likuiditas perdagangan Saham Di BEI 2007-2012. E-Jurnal Akuntansi Universitas Udayana 3.2: 258-276

Ross, Westerfield and Jaffe. (2010). Corporate Finance, Ninth Edition. Singapore : Mc Graw – Hill.

Sekaran, Uma. (2011). Metodologi Penelitian untuk Bisnis Edisi Keempat. Jakarta : Salemba Empat

Simatupang, Mangasa. (2010). Pengetahuan Praktis Investasi Saham dan Reksadana.Jakarta: Mitra Wacana Media.

Subekti, Dwi Agus. (2014). Pengaruh Stock Split Terhadap Abnormal Return Dan Volume Perdagangan Saham Pada Perusahaan Yang Terdaftar Di Efek Syariah Periode 2011 - 2013. Skripsi Universitas Islam Negeri Sunan Kalijaga Yogyakarta.

Sugiama, A. Gima. (2014). Metode Riset Bisnis dan Manajemen. Bandung: CV. Guardaya Intimarta.

Sugiyono. (2014). Metode Penelitian Kuantitatif, Kualitatif dan R&D. Bandung: Alfabeta.

Soeratno dan Arsyad. (2008). Metodologi Penelitian. Yogyakarta: AMP YKPN.

Sutrisno. (2009). Manajemen Keuangan: Teori, Konsep, dan Aplikasi. Yogyakarta: Ekonisia.

Tandelilin, Eduardus. (2010). Portofolio dan Investasi: Teori dan Aplikasi. Yogyakarta: Kanisius

Undang-undang No. 8 tahun 1995 tentang Pasar Modal, Pasal 1 ayat 13

Widyahari, Bagia dan Yudiatmaja. (2014). Analisis Perbedaan Volume Perdagangan Saham Dan Return Saham Sebelum Dan Sesudah Stock Split. E-Journal Bisma Universitas Pendidikan Ganesha Jurusan Manajemen Vol 2,2014.

Wijanarko dan Prasetiono. (2012). Analisis Pengaruh Pemecahan Saham terhadap likuiditas saham dan return saham. Diponegoro Journal of Management Vol 1 No 2: 189-199

Wiyono, Eko. (2010). Perbedaan Actual Return Dan Trading Volume Aktivity Antara Sebelum Dan Sesudah Stock Split. Skripsi Universitas Negeri Malang.

Zein dan Hariyani. (2009). Pengaruh Stock Split Terhadap Harga Dan Likuiditas Saham. Journal Economy Vol 17 No 2: 145-153.

www.idx.co.id

Downloads

Published

2017-05-01

Issue

Vol. 14 No. 1 (2017): Jurnal Manajemen

Section

Articles

License

Authors who publish with this journal agree to the following terms:

Authors retain copyright and grant the journal right of first publication with the work simultaneously licensed under a Creative Commons Attribution-NonCommercial-ShareAlike License that allows others to share the work with an acknowledgement of the work's authorship and initial publication in this journal.

Authors are able to enter into separate, additional contractual arrangements for the non-exclusive distribution of the journal's published version of the work (e.g., post it to an institutional repository or publish it in a book), with an acknowledgement of its initial publication in this journal.

Authors are permitted and encouraged to post their work online (e.g., in institutional repositories or on their website) prior to and during the submission process, as it can lead to productive exchanges, as well as earlier and greater citation of published work (See the Effect of Open Access).

Abstract views: 194 | PDF downloads: 154