UJI BEDA HARGA SAHAM DAN VOLUME PERDAGANGAN SAHAM PADA PERUSAHAAN IPO YANG MELAKUKAN INISIASI DIVIDEN

Abstract

The purpose of this study was to examine differences in the average stock price and trading volume of shares before and after dividend initiation. This study sample was 31 companies that make initial public offering on the Indonesian Stock Exchange the period 2003 to 2007. Hypothesis testing is done by using a paired sample t-test. The results of analysis of studies found no difference between the average stock price before and after the initiation of dividends in the IPO companies listed on the Indonesian Stock Exchange and there is a difference between the average stock trading volume before and after the initiation of dividends in the IPO companies listed on the Indonesian Stock Exchange. Keywords: average stock price, average stock trading volume, initial public offering