Analisis Pengaruh Stock Split Terhadap Harga Saham, Volume Perdagangan Dan Return Saham Pada Perusahaan Yang Terdaftar Di Bursa Efek Indonesia

  • Pascalina V. S. Sesa Universitas Cenderawasih
  • Hastutie N. Andriati Universitas Cendrawasih
  • Debora Tamba Universitas Cendrawasih

Abstract

The increase in the stock price that is too high causes the demand for the purchase of the stock to decrease, and affects the liquidity of the stock. To avoid these conditions, companies can take stock split actions which are expected to increase stock liquidity. This study aims to determine the effect of stock splits on stock prices, stock trading volume and stock returns in companies listed on the Indonesia Stock Exchange. The population of this study is companies listed on the Indonesia Stock Exchange. The sample used in this study were 45 companies that carried out a stock split for the 2015-2019 period with a sampling technique using purposive sampling. The window period is 5 days before and 5 days after the stock split. This study uses the SPSS 21 test tool. The data analysis used is a non-parametric paired sample difference test, namely the Wilcoxon test because the data is not normally distributed with 5%. The results showed that there were differences in stock prices, trading volume and stock returns before and after the stock split with a significance value of 0.000, 0.000, and 0.007. Thus, stock splits affect stock prices, trading volume and stock returns.

 

Keywords : Stock price, Stock Split, Stock returns, Trading Volume

References

Basir, S & Fakhrudin, H. (2005). Aksi Korporasi (Strategi untuk Meningkatkan Nilai Saham melalui Aksi Korporasi).
Dewi, K. W., Sunarsih, N. M., & Dewi, N. P. S. (2017). Pengaruh Kebijakan Stock Split Terhadap Return Dan Volume Perdagangan Saham.
Jogiyanto. (2017). Teori Portofolio dan Analisis Investasi (Kesebelas). YOGYAKARTA : BPFE-
Khajar, I. (2016). Analisis Stock Split Terhadap Harga Saham Dan Volume Perdagangan Saham Indeks LQ-45 Periode 2010 – 2016. 20(3), 395–406.
Rahayu, D., & Murti, W. (2017). Pengaruh Pemecahan Saham (Stock Split) Terhadap Return Saham, Bid-Ask Spread Dan Trading Volume Activity Pada Perusahaan Yang Terdaftar Di Bursa Efek Indonesia Periode Tahun 2009 –2013. Jurnal Akuntansi, 11(1).
Riyadi, S., & Andrefa, S. (2013). Analisis Dampak Stock Split Terhadap Harga, Volume Dan Keputusan Investasi Pada Saham. E-Jurnal Manajemen Dan Bisnis, 1(1), Oktober 2013, 1(1), 1–24.
Sandra, A. Z., Amin, M., & Junaidi. (2018). Analis Pengaruh Stock Split Terhadap Harga Saham (Studi Pada Perusahaan Yang Terdaftar Di BEI 2014-2017). E-Jra, 07(12), 87–96.
Swari, I. G. A. W., & Wiksuana, I. G. B. (2015). Split Pada Perusahaan Yang Terdaftar Di Bursa Efek Indonesia. Universitas Udayana, 275–289.
Tandelilin, E. 2010. (2010). Portofolio dan Investasi (Teori dan Aplikasi) (Pertama). Kanisius.
Tobing, & Pratomo. (2014). Analisis Dampak Stock Split Terhadap Harga Saham dan Volume Perdagangan pada Perusahaan yang Terdaftar di BEI. Jurnal Ekonomi Dan Keuangan Universitas Sumatera Utara, 2(7), 448.
Yuniartini, N. K. W., & Sedana, I. B. P. (2020). Dampak Stock Split Terhadap Harga Saham Dan Aktivitas Volume Perdagangan Saham Di Bursa Efek Indonesia. E-Jurnal Manajemen Universitas Udayana, 9(4), 1465. https://doi.org/10.24843/ejmunud.2020.v09.i04.p12
Published
2022-10-21
How to Cite
Sesa, P., Andriati, H. N., & Tamba, D. (2022). Analisis Pengaruh Stock Split Terhadap Harga Saham, Volume Perdagangan Dan Return Saham Pada Perusahaan Yang Terdaftar Di Bursa Efek Indonesia. COSTING : Journal of Economic, Business and Accounting, 6(1), 953-959. https://doi.org/https://doi.org/10.31539/costing.v6i1.4205
Abstract viewed = 0 times
pdf downloaded = 0 times