Analisis Pengaruh Stock Split dan Reverse Stock Split Terhadap Abnormal return (Studi Kasus Pada Perusahaan Yang Terdaftar di Bursa Efek Indonesia Periode 2017-2018)
Abstract
Penelitian ini bertujuan untuk menemukan bukti empiris tentang pengaruh pengumuman Stock Split dan reverse Stock Split terhadap abnormal return perusahaan yang terdaftar di Bursa Efek Indonesia. Variabel-variabel yang diuji dalam penelitian ini adalah Stock Split dan reverse Stock Split . Penelitian ini menggunakan sampel 13 perusahaan terpilih yang terdaftar di Bursa Efek Indonesia yang melakukan kebijakan Stock Split dan juga 2 perusahaan terpilih yang melakukan kebijakan reverse Stock Split selama periode tahun 2017-2018 dengan menggunakan metode purposive sampling. Variabel- variabel tersebut dilakukan uji normalitas data dengan menggunakan kolmogorov smirnov. Setelah diketahui data berdistribusi normal maka dilakukan uji beda menggunakan statistik parametrik paired sample t-test pada level signifikansi 5%. Hasil penelitian ini menunjukkan bahwa tidak terdapat perbedaan abnormal return sebelum dan sesudah Stock Split begitu pula tidak terdapat perbedaan abnormal return sebelum dan sesudah reverse Stock Split .
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