ANALISIS PERBANDINGAN HARGA DAN VOLUME PERDAGANGAN SAHAM SEBELUM DAN SESUDAH STOCK SPLIT

Abstract

Stock split is an activity which is carried out by go public company in order to increase the amount of
stocks that have been issued by conducting stock splitof the amount of their stocks by multiplying
them in order to make the price of the share affordable or quite cheap to be bought by the investor and
it is expected that the sale of the stocks can increase or it can be said the stock is getting liquid. Stock
split is done based on two theories i.e. trading range theory and signalling theory. This research is
meant to find out whether there is a difference stock price and stock trading volume before and after
conducting stock split. Event window which has been carried out in this research is 10 days which
consist of 5 days before and 5 days after stock split. There are two data analysis instruments i.e.
normality test and paired sample t-test. The result of the research shows that there is a significant
difference in stock price and significant difference in stock trading volume before and after the stock
split has not been found.

Keywords:Stock split, Trading range theory, Signalling theory