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The effect of dividend announcements on the price and volume of stock trading at the Stock Exchange in 2007 (analysis of paired sample t-test) Fakhri Nurzaman
Indonesia Auditing Research Journal Vol. 11 No. 1 (2022): Maret: Auditing, Finance, IT Plan, IT Governance, Risk
Publisher : Institute of Accounting Research and Novation (IARN)

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Abstract

The main purpose of this study is to investigate the effect of dividend announcements on price and trading volume of stock. The effect is reflected from a significant difference between prices and trading volume of stock before and after dividend announcement. The object of this study is a company listed on the Indonesia Stock Exchange and doing dividend announcement in 2007. The study period is between 5 days before dividend announcement and 5 days after dividend announcement. The method using paired sample t-test to compare prices and trading volume of stock means between 5 days before dividend announcement and 5 days after dividend announcement. The results of this study show that the price and trading volume of stocks have a significant difference before and after the dividend announcement.