COMPETITIVE DAN CONTAGION EFFECTS DALAM TRANSFER INFORMASI INTRA INDUSTRI TERHADAP PENGUMUMAN STOCK SPLIT

Authors

  • Shinta Heru Satoto Jurusan Manajemen Fakultas Ekonomi UPN “Veteran” Yogyakarta SWK 104 (Lingkar Utara) Condong Catur, Yogyakarta 55283
  • Hasa Nurrohim KP Jurusan Manajemen Fakultas Ekonomi UPN “Veteran” Yogyakarta SWK 104 (Lingkar Utara) Condong Catur, Yogyakarta 55283

DOI:

https://doi.org/10.26905/jkdp.v12i2.883

Keywords:

competitive and contagion effect, stock split announcement splitting and nonsplitting firms

Abstract

The purpose of this research was to investigate the intra industry informationtransfers on stock split announcement at manufactured industries. This research would alsoinvestigate the contagion and competitive effect of the announcement and the factors thatinfluenced this effect. Result of this research showed that there was an abnormal return onsplitting and nonsplitting firms, and the competitive effects that influenced this research(industry characteristic, firms specific characteristics, earning correlation and return variance).However, those factors could not explain the information transfers. This reaction did notinfluence the earning changes of nonsplitting firms

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Issue

Vol. 12 No. 2 (2008): May 2008

Section

FINANCE AND BANKING

License

Creative Commons License
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