PERBEDAAN HARGA SAHAM DAN VOLUME PERDAGANGAN SAHAM SEBELUM DAN SESUDAH STOCK SPLIT

Abstract

This research aimed to find out whether there were differences between stock price and trade volume, before and after stock split. While, the population was 40 manufacturing companies. Moreover, the sampling collection technique used purposive sampling in which there were 21 manufacturing companies listed on Indonesia Stock Exchange 2013-2017, as sample. The research used event study, with the observation of average stock price in daily closing and average of TVA in five days, before and after the stock split. While, the data used the date of announcement, stock price in daily closing, daily purchased stock and outstanding stock amount. Moreover, the data analysis technique used statistical description test, sample paired of T-test, and Kolmogorov-Smirnov normality test. The research result concluded there were significant differences of stock price, before and after stock split. On the other hand, there were no differences of stock trade volume, before and after stock split.
Keywords: stock split, stock price, stock trade volume