LECTURER JOURNAL
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Browsing LECTURER JOURNAL by Subject "Abnormal Returns"
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- ItemTHE MEASUREMENT OF STOCK PERFORMANCE ON STOCK SPLITAND REVERSE STOCK(Solid State Technology Volume: 63 Issue: 3, 2020) Riantani, Suskim; Hendayana, YanaThe purpose of this research to analyze performance of stock measured through abnormal returns before and after the event of stock split and reverse stock. This research applied event study with descriptive and comparative method. The observed consisted of 30 issuers that conducted stock splits and reverse stock during the research period 2018-2019. The data of investigation applied statistical analysis using the mean difference test (paired sample t test). The research results showed that the mean abnormal returns of stocks increased after the stock split and reverse stock event. This showed that the market reacts to the stock split and reverse stock event. The results of paired t test showed that systematic risk has not significant in the differences between before and after the event of stock split and reverse stock. Abnormal returns showed has significant differences between before and after the stock split and reverse stock event.