ANALISIS RETURN SAHAM SEBELUM DAN SESUDAH PENGUMUMAN RIGHT ISSUE PADA PERUSAHAAN PERBANKAN YANG TERDAFTAR DI BURSA EFEK INDONESIA (Tahun 2010 - 2014)

  • Rika Dwi Ayu Parmitasari Universitas Islam Negeri Alauddin Makassar
    (ID)
  • Rama Kandi Universitas Islam Negeri Alauddin Makassar
    (ID)
Keywords: Right issue, Return Saham

Abstract

This study aimed to analyze the differences in stock returns  before and after  the announcement of the rights issue. The announcement of the rights issue is one of information  needed by investors as  a  basis  for making investment decisions.  By because it will be tested whether the announcement of the rights issue have information content that is strong enough to make the market react. Whether there is a market reaction will be indicated by the difference in stock returns. The population in this study is a banking company listed on the Indonesia Stock Exchange that perform announcement right issue in 2010 to 2014, with a sample of 26 banking. The sampling method is purposive sampling method. This study is event study. Hypothesis testing is done with a  simple t- test paired  t-test because  they normally distributed data. These results indicate that there are  significant differences between stock returns before and after the announcement of the rights issue in the banking company rights issue in 2010 - 2014. The period specified study period ie 11 days can reflect the state of the market that reacts based on the content of the information from the announcement. The market reaction indicated by the price change and stock returns by events there.

Author Biography

Rika Dwi Ayu Parmitasari, Universitas Islam Negeri Alauddin Makassar

Jurusan Manajemen

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Published
2016-06-13
How to Cite
Parmitasari, R. D. A., & Kandi, R. (2016). ANALISIS RETURN SAHAM SEBELUM DAN SESUDAH PENGUMUMAN RIGHT ISSUE PADA PERUSAHAAN PERBANKAN YANG TERDAFTAR DI BURSA EFEK INDONESIA (Tahun 2010 - 2014). Jurnal Minds: Manajemen Ide Dan Inspirasi, 3(1), 70-85. https://doi.org/10.24252/minds.v3i1.4613
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