Path: Top Journal Jurnal_Keuangan_dan_Perbankan 2011

REAKSI INVESTOR TERHADAP PENGUMUMAN DIVIDEN DI BURSA EFEK INDONESIA

Jurnal Keuangan dan Perbankan, Volume 15, Nomor 2, Mei 2011
Journal from JIPTUNMERPP / 2012-01-11 06:22:38
Oleh : Sugeng Haryanto, Diploma 3 of Finance and Banking Merdeka University Malang (jurkubank@yahoo.com)
Dibuat : 2011-05-01, dengan file

Keyword : Dividend announcement, abnormal return, event study

This study analyzed the investor reaction to dividend announcements. The sampling technique used was purposive sampling with the criteria that these companies entered LQ45 2007-2009 and distributed cash dividends continuously. The purpose of this study was to investigate investor reaction to announcements of cash dividends at Indonesia Stock Exchange. This research was an event study, the research analyzed the market reaction to an event. This study aimed to test whether the information dividend announcements was important information for investors and it affected investor reaction. Statistical analysis techniques was used in different test against the Average Abnormal Return (AAR) before and after the dividend announcement. The results showed that investors did not react to that information. This was indicated by the absence of differences in AAR before and after the dividend announcements.

Deskripsi Alternatif :

This study analyzed the investor reaction to dividend announcements. The sampling technique used was purposive sampling with the criteria that these companies entered LQ45 2007-2009 and distributed cash dividends continuously. The purpose of this study was to investigate investor reaction to announcements of cash dividends at Indonesia Stock Exchange. This research was an event study, the research analyzed the market reaction to an event. This study aimed to test whether the information dividend announcements was important information for investors and it affected investor reaction. Statistical analysis techniques was used in different test against the Average Abnormal Return (AAR) before and after the dividend announcement. The results showed that investors did not react to that information. This was indicated by the absence of differences in AAR before and after the dividend announcements.

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PropertiNilai Properti
ID PublisherJIPTUNMERPP
OrganisasiD
Nama KontakDra. Wiwik Supriyanti, SS
AlamatJl. Terusan Halimun 11 B
KotaMalang
DaerahJawa Timur
NegaraIndonesia
Telepon0341-563504
Fax0341-563504
E-mail Administratorperpus@unmer.ac.id
E-mail CKOwsupriyanti@yahoo.com

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  • Editor: Wiwik Supriyanti, Dra. SS.