HASANUDDIN JOURNAL OF BUSINESS STRATEGY
Vol 4 No 2 (2022): Hasanuddin Journal of Business Strategy

The Effect Stock Split on Abnormal Return and Stock Trading Volume

Andi Agung Adiguna (Student of Master Management, Faculty of Economics and Business, Hasanuddin University)
Syamsu Alam (Economics and Business Faculty, Hasanuddin University)
Fauzi R Rahim (Economics and Business Faculty, Hasanuddin University)



Article Info

Publish Date
13 May 2022

Abstract

The purpose of this study is to examine and analyze the effect of stock split on abnormal return and stock trading volume in manufacturing sector companies listed on the Indonesia Stock Exchange. This type of research uses quantitative descriptive analysis. The population in this study was 40 companies registered in Manufacturing. Sampling in this study used the purposive sampling method in which the sample was taken with certain criteria to have a representative sample. Based on the results of statistical tests, it was found that the announcement of a stock split has no significant effect on abnormal returns so a positive abnormal return indicates that the stock split provides good news for investors, but a negative abnormal return indicates a stock split is a bad news so that it will affect on investor confidence to invest. While the results of the subsequent statistical tests showed that there is a significant difference between the average trading volume activity before and after the stock split announcement.

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Journal Info

Abbrev

HJBS

Publisher

Subject

Decision Sciences, Operations Research & Management Economics, Econometrics & Finance Social Sciences

Description

It is an open access online journal in the field of applied management and published four times in a year in February, May, July, and October. The journal is designed for professionals and researchers to convey their findings of business concepts, thoughts, and new strategies for business viability ...