REAKSI PASAR TERHADAP PENGUMUMAN SAHAM BONUS DI BURSA EFEK INDONESIA

  • Ni Putu Desy Ratna Dewi FAKULTAS EKONOMI DAN BISNIS UNIVERSITAS UDAYANA
  • I Made Sukartha FAKULTAS EKONOMI DAN BISNIS UNIVERSITAS UDAYANA

Abstract

The announcement of bonus shares is policies issued by the company as a form of information published about the company's future prospects. The purpose of this study is to determine the market reaction to the announcement of bonus shares on the Indonesia Stock Exchange. Market reaction may be indicated by the presence of abnormal return in the event period. Event period is set for 7 days with a sample of firms that do bonus shares amounting to 14 companies and 17 events of bonus shares. Testing hypothesis 1 using a one sample t-test and the test results show that there is a negative and significant AAR that occurred on the date of announcement of bonus shares. Testing hypothesis 2 using paired sample t-test and the test results showed that there was no significant difference in abnormal returns before and after the announcement of bonus shares.

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Published
2015-01-14
How to Cite
RATNA DEWI, Ni Putu Desy; SUKARTHA, I Made. REAKSI PASAR TERHADAP PENGUMUMAN SAHAM BONUS DI BURSA EFEK INDONESIA. E-Jurnal Akuntansi, [S.l.], v. 10, n. 1, p. 150-163, jan. 2015. ISSN 2302-8556. Available at: <https://ojs.unud.ac.id/index.php/akuntansi/article/view/9915>. Date accessed: 21 nov. 2024.
Section
Articles

Keywords

Abnormal return, Bonus Shares, Event Study, Market Reaction

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