EX-DIVIDEND DATE DAN PERUBAHAN HARGA SAHAM

Authors

  • Novriyanthi Taungke Fakultas Ekonomika dan Bisnis Universitas Kristen Satya Wacana
  • S Supramono Fakultas Ekonomika dan Bisnis Universitas Kristen Satya Wacana

DOI:

https://doi.org/10.26905/jkdp.v19i3.36

Keywords:

ex-dividend date, dividend drop-off ratio, IOS

Abstract

The aim of this study is to analyze whether the stock prices decrease at ex-dividend date in Indonesia Stock Exchange (IDX) that is determined by amount of dividend drop-off ratio (DDR). This study also attempts to investigate the differences the stock prices decrease at ex-dividend date based on Investment Opportunity Set (IOS). Sample consist of  the companiesthat announced the dividend during 2010-2012 periods. By using non-parametric tests, especially Chi-square Test and Mann Whitney Test,  the result of this study showed the stock prices decreased less than dividend amount on ex-dividend date. Besides, the non-growth firms experienced decrease more than growth firms.

Author Biographies

Novriyanthi Taungke, Fakultas Ekonomika dan Bisnis Universitas Kristen Satya Wacana

Jl. Diponegoro 52-60 Salatiga, 50711

S Supramono, Fakultas Ekonomika dan Bisnis Universitas Kristen Satya Wacana

Jl. Diponegoro 52-60 Salatiga, 50711

Downloads

Published

2015-12-27

Issue

Vol. 19 No. 3 (2015): September 2015

Section

FINANCE AND BANKING

License

Creative Commons License
This work is licensed under a Creative Commons Attribution-ShareAlike 4.0 International License.