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

Shinta Heru Satoto, Hasa Nurrohim KP

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

Keywords


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

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

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Jurnal Keuangan dan Perbankan (Journal of Finance and Banking)

Diploma Program of Banking and Finance, Faculty of Economics and Business, University of Merdeka Malang

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