REAKSI PASAR TERHADAP PENGUMUMAN RIGHT ISSUE PADA PERUSAHAAN WARRANT ISSUER DAN NON WARRANT ISSUER

  • Putu Adi Susanti
  • Pt Agus Ardiana Fakultas Ekonomi dan Bisnis Universitas Udayana, Bali, Indonesia

Abstract

This research aims at testing the containing information within the announcement of right issue phenomenon at the companies of warrant issuer and non-warrant issuer at Indonesia Stock Exchange in the period of observation from 2008 until 2012. It used event study for the technique of analysis, one sample T-test and independent sample T-test. The result showed that the announcement of right issue phenomenon does not contain information either for the entire emiten sample or for emiten sample which announced right issue without warrant and with warrant. It also discovered that there is no return abnormal difference among the companies which announced right issue without warrant and those ones with warrant.

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Published
2014-10-28
How to Cite
SUSANTI, Putu Adi; ARDIANA, Pt Agus. REAKSI PASAR TERHADAP PENGUMUMAN RIGHT ISSUE PADA PERUSAHAAN WARRANT ISSUER DAN NON WARRANT ISSUER. E-Jurnal Akuntansi, [S.l.], v. 9, n. 1, p. 221-236, oct. 2014. ISSN 2302-8556. Available at: <https://ojs.unud.ac.id/index.php/akuntansi/article/view/8660>. Date accessed: 21 nov. 2024.
Section
Articles

Keywords

market reaction, abnormal return, rights issue, warrant.