SHELLY MIDESIA
Program Studi Akuntansi, Fakultas Ekonomi, Universitas Syiah Kuala
Program Studi Akuntansi, Fakultas Ekonomi, Universitas Syiah Kuala
ABSTRACT
This study aimed to test whether there are differences in share performance before and after reverse stock split to the companies listed on the Indonesia Stock Exchange in the year 2002-2010. Share performance in this study proxied with share price dan volume shares. By using the census method, there were 23 companies that meet the criteria of population that is the company which conducted reverse stock split.
The type of data used are secondary data obtained from BNI Securities and Pusat Informasi Pasar Modal Banda Aceh. Hypothesis testing is done by comparing the average value of the variant share performance indicators.
The results of hypothesis testing showed that, (1) there is a difference between Abnormal Return (AR) before and after reverse stock split and (2) there is a difference between Trading Volume Activity (TVA) before and after reverse stock split.
Keywords: Abnormal Return (AR), Trading Volume Activity (TVA), reverse stock split
The type of data used are secondary data obtained from BNI Securities and Pusat Informasi Pasar Modal Banda Aceh. Hypothesis testing is done by comparing the average value of the variant share performance indicators.
The results of hypothesis testing showed that, (1) there is a difference between Abnormal Return (AR) before and after reverse stock split and (2) there is a difference between Trading Volume Activity (TVA) before and after reverse stock split.
Keywords: Abnormal Return (AR), Trading Volume Activity (TVA), reverse stock split
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