Hadi Suharno
Universitas Islam Syekh Yusuf Tangerang

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Price Earning Ratio and Stock Liquidity Before and After Stock Split in Indonesia Stock Exchange Hadi Suharno; Afriani Afriani
Journal of Islamic Economics Lariba Vol. 6 No. 2 (2020)
Publisher : Department of Islamic Economics, Islamic University of Indonesia

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Abstract

The purpose of this research is to analyze (1) difference of stock liquidity level before and after stock split (2) difference of Price Earning Ratio (PER) before and after stock split. The population used in this study are all companies listed on the Indonesia Stock Exchange. While the sample selection is taken by using purposive sampling method. The number of samples used by researchers are 62 companies listed on the Indonesia Stock Exchange and stock split in the period 2009-2016. Based on the results of research indicate that there is a significant difference in Price Earning Ratio (PER), either before stock split or Price Earning Ratio (PER) after stock split. With paired sample t-test results obtained t test with t count> t table (3.912> 2,000) can be concluded then Ho accepted means there is a difference between price earnings ratio (PER) of each sample company, either before stock split or price Earnings ratio (PER) after the stock split event. With paired sample t-test obtained t test results with t count> t table (1,844> 2,000) can be concluded then Ho accepted means there is no difference between the stock liquidity of each sample company, either before the stock split and the liquidity of stock after the event Stock split.