Pratama, Laode Ivan
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PENGARUH PENGUMUMAN DIVIDEN TERHADAP ABNORMAL RETURN DAN TRADING VOLUME ACTIVITY PADA PASAR MODAL INDONESIA TAHUN 2020-2021 Pratama, Laode Ivan; David Kaluge
Contemporary Studies in Economic, Finance and Banking Vol. 3 No. 1 (2024)
Publisher : Fakultas Ekonomi dan Bisnis Universitas Brawijaya

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.21776/csefb.2023.03.1.16

Abstract

The Covid-19 pandemic has had a broad impact on all sectors in Indonesia. Many investors responded by selling their shares to minimize potential losses that could be caused by continued economic uncertainty. Market conditions that continue to experience significant decline have triggered a crisis in the capital market. In an effort to calm panic in the market, dividend announcements are considered an effective strategy because they have a positive signal that can provide confidence to investors and act as a counterweight to market volatility. Therefore, this research aims to determine the effect of dividend announcements on abnormal returns and trading volume activity in the Indonesian capital market in 2020-2021. This research uses the event study method which studies the capital market's reaction to an event whose information is published as an announcement. The research results show that there is an influence of dividend announcements on abnormal returns in the Indonesian capital market, especially in the energy and consumer cyclicals sectors and there is an influence of dividend announcements on trading volume activity in the Indonesian capital market, especially in the basic materials and technology sectors. "Pengumuman dividen ; Abnormal return ; Trading volume activity ; Covid-19"