FAKTOR-FAKTOR YANG MEMPENGARUHI STOCK SPLIT

Abstract

The study was done to obtain empirical evidence about the impact of stock price factors, the frequency of trading, abnormal return on the company's decision to do a stock split. And provide empirical evidence about the difference the stock price factors, the frequency of trading, abnormal return between before and after a stock split. The results of logistic regression test showed that stock prices affect the company's decision to conduct a stock split. This is indicated by a P value <0.10 (0.048 <0.10). Frequency stock trading does not affect the company's decision to conduct a stock split. This is indicated by a P value (significance) > 0.10 (0.402> 0.10). Abnormal return does not affect the company's decision to do a stock split. This is shown by the P value (significance)> 0.10 (0.244> 0.10). The test results paired Sample T Test shows that there is a difference between the stock price before and after the stock split. This is indicated P value (significance) <0.10 (0.064 <0.10). There was no difference between the frequency of stock trading the second quarter, one quarter before the stock split with the frequency of stock trading second quarter, one quarter after the stock split. It was shown all the P value (significance)> 0.10. There was no difference between the abnormal return the second quarter, one quarter before the stock split abnormal return by the second quarter, one quarter after the stock split. It was shown all the P value (significance)> 0.10. Keywords: stock split, stock price, trading frequency, abnormal return