PENGARUH KEBIJAKAN STOCK SPLIT TERHADAP RETURN DAN VOLUME PERDAGANGAN SAHAM

Abstract

This study aims to obtain proven explanatory findings on differences in stock returns before and after the stock split, and differences in stock trading volume before and after the stock split policy in companies that do stock split policies on the Indonesia Stock Exchange 2016 period. The samples was carried out by purposive sampling technique. Analysis of data normality tests and different tests of paired t-tests were also carried out. The analytical tool used in this study was Wilcoxon Signed Ranks. The results showed that there were differences in stock returns before and after the stock split policy, and there were no differences in stock trading volume before and after the stock split policy in companies that conducted a stock split policy on the Indonesia Stock Exchange 2016 period.