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Jurnal Ekonomi dan Bisnis Jagaditha
Published by Universitas Warmadewa
ISSN : 23554150     EISSN : 25798162     DOI : 10.22225/jj
Core Subject : Economy,
JAGADITHA: Jurnal Ekonomi & Bisnis P-ISSN: 2355-4150, E-ISSN: 2579-8162 is a journal of economic and bussiness published by Management Deparment, Postgraduated Program, Warmadewa University, provides a forum for publishing research articles or review articles. This journal has been distributed by WARMADEWA PRESS started from Volume 1 Number 1 Year 2014 to present. The scope of journal is restricted to the fields of economic and business study. The journal is published twice a year every march and september.
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Search results for , issue "189-196" : 1 Documents clear
Analysis of Abnormal Stock Returns Before and After The Rights Announcement Ni Putu Yuria Mendra; Putu Wenny Saitri
Jurnal Ekonomi dan Bisnis Jagaditha 189-196
Publisher : Universitas Warmadewa

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.22225/jj.12.2.2025.189-196

Abstract

Right issue is a public offering that is only offered to old shareholders on a limited basis and provides a price lower than the market price which results in investors interested in buying it. An announcement that contains information will give an abnormal return to the market, otherwise if it does not contain it. Information then does not provide abnormal returns, abnormal returns can be used as a measuring instrument to see market reactions that occur. This study aims to identify whether there are differences in abnormal returns before and after the announcement of the rights issue. The analysis technique used in this research is an eleven-day event window consisting of five days before the announcement, one day of the announcement, and five days after the announcement. The population in this study are manufacturing companies listed on the Indonesia Stock Exchange in 2019-2022. Determination of the sample using purposive sampling method and obtained as many as 50 samples of manufacturing companies. The data analysis technique used is the Wilcoxon Signed Rank Test.The results showed that there was no difference in abnormal returns before and after the announcement of the rights issue. The next researcher can add to the research period, pay more attention to the observation period (event window) used, and consider the company sector to be studied.

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