Sugeng Haryanto
Program D-3 Keuangan dan Perbankan Universitas Merdeka Malang Jl. Terusan Raya Dieng No.57 Malang, 65146

Published : 1 Documents Claim Missing Document
Claim Missing Document
Check
Articles

Found 1 Documents
Search

REAKSI INVESTOR TERHADAP PENGUMUMAN DIVIDEN DI BURSA EFEK INDONESIA Sugeng Haryanto
Jurnal Keuangan dan Perbankan Vol 15, No 2 (2011): May 2011
Publisher : University of Merdeka Malang

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (135.13 KB) | DOI: 10.26905/jkdp.v15i2.1016

Abstract

This study analyzed the investor reaction to dividend announcements. The sampling technique used waspurposive sampling with the criteria that these companies entered LQ45 2007-2009 and distributed cashdividends continuously. The purpose of this study was to investigate investor reaction to announcements ofcash dividends at Indonesia Stock Exchange. This research was an event study, the research analyzed themarket reaction to an event. This study aimed to test whether the information dividend announcement wasimportant information for investors and it affected investor reaction. Statistical analysis techniques were usedin different test against the Average Abnormal Return (AAR) before and after the dividend announcement. Theresults showed that investors did not react to that information. This was indicated by the absence of differencesin AAR before and after the dividend announcement.