ANALISIS PERBEDAAN LIKUIDITAS SAHAM, HARGA SAHAM, DAN RETURN SAHAM SEBELUM DAN SESUDAH STOCK SPLIT (Studi pada Perusahaan Go Public yang Melakukan Stock Split Periode 2011-2014)

Abstract

Abstract. This study aims to determine the difference between the stock price,
stock returns and trading volume before and after the announcement of a stock
split. The research data is the daily data for a period of four years (2011-2014).
The used sampling method was purposive sampling. Out of a population of 39
companies which conduct a stock split, 38 companies that meet the criteria to be
sampled. The analytical method used in this research is a Independent t - test. The
results showed there was no significant difference between the stock price before
and after the stock split, there was a significant difference between return before
and after stock split, and there was no significant difference between trading
volume activity before and after the stock split.
Keywords: stock prices, returns, stock trading volume activity, stock split