Sulistyo Sulistyo
Universitas Gadjah Mada

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

Found 1 Documents
Search

FAKTOR TINGKAT KEMAHALAN HARGA SAHAM, KINERJA KEUANGAN PERUSAHAAN DAN KEPUTUSAN PEMECAHAN SAHAM (STOCK SPLITS): APLIKASI ANALISIS DISKRIMINAN Khomsiyah Khomsiyah; Sulistyo Sulistyo
Journal of Indonesian Economy and Business (JIEB) Vol 16, No 4 (2001): October
Publisher : Faculty of Economics and Business, Universitas Gadjah Mada

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (190.822 KB)

Abstract

This paper applied the discriminant analysis to examine whether the corporateĀ  financial performance and share overprices provide information about stock split decision. We used earnings price ratio and earnings growth as a proxy of corporate financial performance and price earnings ratio and price to book value as a proxy of share overprices. We also detected the assumptions underlying application of the discriminant analysis. A hundred and fifteen listed companies of The Jakarta Stock Exchange are selected as the unit of analysis. The result of this study indicates that splitting firms differ from non-splitting firms by price earning ratio and earning per share factors.