Pengumuman Dividen terhadap Harga Saham dan Abnormal Return pada Perusahaan Sektor Barang dan Konsumsi di Bursa Efek Indonesia

Authors

DOI:

https://doi.org/10.23887/jimat.v13i03.46384

Keywords:

Pengumuman Dividen, Harga Saham, Abnormal Return.

Abstract

This study aims to determine the effect of dividend announcements on stock prices and abnormal returns on goods and consumption sector companies listed on the Indonesia Stock Exchange for the period 2019-2021. The type of data used is secondary data. The sampling technique used is purposive sampling. The number of samples used was as many as 31 goods and consumption sector companies that made dividend announcements in the period 2019-2021. The data analysis technique uses a paired sample t-test with an observation period of 6 days, which is 3 days before and 3 days after the dividend announcement. The results showed the probability value of the stock price of 0.811 and the abnormal probability value of the return of 0.412, the value of Asymp. The significance of the > 0.05, means that there can be no significant difference between the average stock price and abnormal returns both before and after the dividend announcement.
Keywords : Dividend Announcement, Stock Price, Abnormal Return.

Author Biographies

Muhammad Husni, Universitas Hasanuddin

Akuntansi

Abd Rahman, Universitas Hasanuddin

Akuntansi

Yohanis Rura, Universitas Hasanuddin

Akuntansi

Syarifuddin Rasyid, Universitas Hasanuddin

Akuntansi

References

Afriyeni, A., & Marlius, D. (2019). Analisis Tingkat Pengembalian Dan Risiko Investasi (Studi Pada Industri Manufaktur Yang Terdaftar Di Bursa Efek Indonesia). Osfpreprints, 1–14.

Arijofa, M. S. & K. (2020). JAWARA : Jurnal Wawasan dan Riset Akuntansi. JAWARA: Jurnal Wawasan Dan Riset Akuntansi, 7(2), 105–124. https://jurnal.unigal.ac.id/index.php/jawara/article/view/3440/3019

Darmadji, T., & Fakhruddin, H. M. (2011). Pasar modal di indonesia. Jakarta: Salemba Empat.

Fama, E. F. (1970). Efficient Capital Markets: A Review of Theory and Empirical Work. The Journal of Finance, 25(2), 383. https://doi.org/10.2307/2325486

Hartono, Jogiyanato. (2004). Metodologi Penelitian Bisnis: salah kaprah dan pengalaman-pengalaman.

Hartono, Jogiyanto. (2017). Filosofi dan Metodologi Penelitian. Edisi Pertama. Yogyakarta.

Jamil, P. C., & Hayati, R. (2021). Pasar Modal dan Penanaman Modal Asing di Indonesia. Journal of Economic, Bussines and Accounting (COSTING), 4(2), 477–484. https://doi.org/10.31539/costing.v4i2.1990

Kemenperin.go.id. (2021). Sektor Manufaktur Tumbuh Agresif di Tengah Tekanan Pandemi. Kementerian Perindustrian. https://kemenperin.go.id/artikel/22681/Sektor-Manufaktur-Tumbuh-Agresif-di-Tengah-Tekanan-Pandemi-

MILLER, M. H., & ROCK, K. (1985). Dividend Policy under Asymmetric Information. The Journal of Finance, 40(4), 1031–1051. https://doi.org/10.1111/j.1540-6261.1985.tb02362.x

Myers, S. C., & Majluf, N. S. (1984). Corporate financing and investment decisions when firms have information that investors do not have. Journal of Financial Economics, 13(2), 187–221.

Nalole, U. P. R., Nurdin, D., & Kasim, Y. (2018). Harga Saham Dan Abnormal Return Pada Industri Manufaktur Di Bursa Efek Indonesia. 29–37.

Nazariah, M. (2020). Pengaruh Pengumuman Dividen Terhadap Perubahan Harga Saham Sebelum Dan Sesudah Ex-Dividen Date Pada Perusahaan Lq45 Yang Tercatat Di Bursa Efek Indonesia Periode 2014-2018. Jurnal Sains Riset, 10(1), 67–73. https://doi.org/10.47647/jsr.v10i1.220

Permata, C. P., & Ghoni, M. A. (2019). Peranan Pasar Modal Dalam Perekonomian Negara Indonesia. Jurnal AkunStie (JAS), 5(2), 50–61.

Rahmani, S. (2019). Manajemen Risiko Reputasi Dalam Pasar Modal Syariah. IQTISHADUNA: Jurnal Ilmiah Ekonomi Kita, 8(2), 270–282. https://doi.org/10.46367/iqtishaduna.v8i2.182

Soebiantoro, U. (2021). Perdagangan Saham yang Paling Moncer dalam Masa Pandemi Covid 19. Jurnal Ilmu Ekonomi Pembangunan, 15(01).

Sularso, R. A. (2003). Pengaruh Pengumuman Dividen Terhadap Perubahan Harga Saham (Return) Sebelum Dan Sesudah Ex-Dividend Date Di. Jurnal Akuntansi Dan Keuangan, 5(1), 1–17.

Wardani, D. K., & Susilowati, W. T. (2020). Urgensi Transparansi Informa Si Dalam Perlawanan Pajak. Jurnal Akuntansi Multiparadigma, 11(1), 127–137. https://doi.org/10.21776/ub.jamal.2020.11.1.08

Yunisari, N. W., & Ratnadi, N. M. D. (2018). Pengaruh Profitabilitas dan Kepemilikan Manajerial Pada Kebijakan Dividen dengan Likuiditas Sebagai Variabel Moderasi. E-Jurnal Akuntansi, 23, 379. https://doi.org/10.24843/eja.2018.v23.i01.p15

Downloads

Published

2022-10-10