Pengaruh Pengumuman Dividen terhadap Perubahan Harga Saham Perusahaan Industri Barang Konsumsi Sebelum dan Sesudah Ex-Dividen Date di Bursa Efek Indonesia

Gunawan, Hendry Lesmana (0751400) (2011) Pengaruh Pengumuman Dividen terhadap Perubahan Harga Saham Perusahaan Industri Barang Konsumsi Sebelum dan Sesudah Ex-Dividen Date di Bursa Efek Indonesia. Undergraduate thesis, Universitas Kristen Maranatha.

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Abstract

This research is aimed to examine the influence of ex-dividend date announcements on stock price changes Consumer Goods Industry in the Indonesian Stock Exchange. By taking 10 samples of stocks. There are two parts of samples, increasing dividend and decreasing dividend. Increasing dividend group consisted of 8 companies and decreasing dividend group consisted of 2 companies. A 19-days of observation, divided into 9-days period before the ex-dividend date, a day when the ex-dividend date, and 9-days period after the ex-dividend date. Analized by using an event study method that will observe the movement of stock prices in the capital market. To examine the existence of price reaction during the event period, the abnormal return test will be conducted during the event period with analysis based on the concept of Capital Assets Pricing Model. The results showed overall of both group, increasing dividend or decreasing dividend affect the company stock price changes in consumer goods industry during 2009-2010. This indicates that, there are significant changes in stock prices during the observation period between the two group of dividend because dividend announcement.

Item Type: Thesis (Undergraduate)
Uncontrolled Keywords: dividend, ex-dividend date, stock price, CAPM (Capital Assert Pricing Model)
Subjects: H Social Sciences > HF Commerce > HF5601 Accounting
Divisions: Faculty of Economics > 51 Accounting Department
Depositing User: Perpustakaan Maranatha
Date Deposited: 24 Mar 2015 09:55
Last Modified: 24 Mar 2015 09:55
URI: http://repository.maranatha.edu/id/eprint/11404

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