Dhyanti, Anggi Adellia Rietma Dhyanti Adellia Rietma
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Pebandingan Harga Saham, TVA, Abnormal Return Before After Stock Split Pada BEI Dhyanti, Anggi Adellia Rietma Dhyanti Adellia Rietma; Widodo, Agustina Widodo AgustinaWidodo
REVITALISASI : Jurnal Ilmu Manajemen Vol 15 No 1 (2026): REVITALISASI : Jurnal Ilmu Manajemen
Publisher : Universitas Islam Kadiri

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.32503/revitalisasi.v15i1.8544

Abstract

The capital market is an organized financial system that plays a strategic role in supporting national economic development. It functions as an intermediary between parties requiring funding, such as companies, and those with surplus funds, namely investors. Stocks are one of the most widely traded instruments in the capital market, offering potential returns through dividends and capital gains. However, stock price fluctuations also involve investment risk, making market reactions to corporate actions an important subject of study. One such corporate action is a stock split, which aims to increase stock liquidity and attract investors. This study aims to analyze differences in stock prices, trading volume activity, and abnormal retrns before and after stock split events. The research employs an event study approach by comparing conditions prior to and following the stock split. The findings of this study are expected to provide empirical evidence regarding market reactions to stock split announcements and contribute to the literature on capital market efficiency.