Pengaruh Stock Split dan Kinerja Keuangan terhadap Return Saham
DOI:
https://doi.org/10.32493/ekop.v2i2.12457Abstract
This study aims to prove empirically the effect of Stock Split and Financial Performance on Stock Return. The independent variables used in this study are Stock Split and Financial Performance, while the dependent variable is Stock Return. This research was conducted on all companies listed on the Indonesia Stock Exchange in 2015-2019 that carried out a Stock Split. The research method used is descriptive quantitative. The type of data used is secondary data in the form of published financial reports for all companies listed on the Indonesia Stock Exchange. Samples were collected by the purposive sampling method. The number of companies sampled in this study was 12 companies with a research period of 5 years so that 60 samples were obtained. Data processing using Eviews 11. Simultaneous test results show that Stock Split and Financial Performance simultaneously have an effect on Stock Returns. While the partial test results show that Stock Split partially has a significant effect on Stock Returns, Financial Performance partially has a significant effect on Stock Returns.
Keywords: Stock Split, Financial Performance, Stock Return
References
Alexander, N., & Destriana, N. (2013). Pengaruh kinerja keuangan terhadap return saham. Jurnal Bisnis dan Akuntansi, 15(2), 123-132.
Bachtiar, Z. (2013). Pengaruh Stock Split Terhadap Likuiditas Dan Return Saham Pada Perusahaan Go Public Di Bursa Efek Indonesia. Universitas Muhammadiyah Surakarta.
Bisara, C., & Amanah, L. (2015). Pengaruh kinerja keuangan terhadap return saham. Jurnal Ilmu dan Riset Akuntansi, 4(2).
D. Bhuvaneshwari & Dr. K. Ramya (2014). Impact Of Stock Split Announcement on Stock Prices. International Journal of Management, Vol.5, Issue 3, pp: 33-46.
Dewi, R. K. (2019). Pengaruh Pemecahan Saham (Stock Split) Terhadap Volume Perdagangan Saham Dengan Inflasi Sebagai Variabel Moderasi (Studi Kasus Perusahaan Yang Terdaftar Di Bursa Efek Indonesia Tahun 2014-2016) (Doctoral dissertation, Universitas Mercu Buana Yogyakarta).
Eksandy, A. (2018). Metode Penelitian Akuntansi Dan Manajemen. FEB UMT.
Fahmi, Irham. (2012). Pengantar Pasar Modal. Bandung : Alfabeta
Ghozali, I., & Ratmono, D. (2017). Analisis Multivariat dan Ekonometrika dengan Eviews 10. Badan Penerbit Universitas Diponegoro: Semarang.
Hanafie, L., & Diyani, L. A. (2016). Pengaruh Pengumuman Stock Split Terhadap Return Saham, Abnormal Return dan Trading Volume Activity. Jurnal Bisnis dan Komunikasi, 3(2), 13-20.
Hartono, Jogiyanto. (2000). Teori Portofolio dan Analisis Investasi. Yogyakarta: BPFE.
Hartono, Jogiyanto. (2013). Teori Portofolio dan Analisis Investasi. Yogyakarta: BPFE.
Hartono, Jogiyanto. (2017). Teori Portofolio dan Analisis Investasi, Edisi. Kesepuluh. Yogyakarta: BPFE.
Hernoyo, M. A. (2013). Pengaruh stock split announcement terhadap volume perdagangan dan return. Management Analysis Journal, 2(1).
Irawati, W. (2018). The Effect of Free Cash Flow, Size, and Growth with Profitability as Moderating Variable on Earning Response Coefficient in Property Sector. EAJ (Economic and Accounting Journal), 1(1), 76-86.
Legiman, Fachreza Muhammad, et al. (2015). Faktor-faktor yang mempengaruhi return saham pada perusahaan agroindustry yang terdaftar di Bursa Efek Indonesia periode 2009-2012. Jurnal EMBA, vol.3 No.3.
Marinda, Dzulkirom, Saifi. (2014). Pengaruh investment opportunity set dan struktur modal terhadap kinerja keuangan
Paramita Oktaviana Sakti dan Irene Rini. (2013). Analisis Pengaruh Stock split terhadap Abnormal return dan Volume Perdagangan Saham Pada Perusahaan Bertumbuh dan Tidak Bertumbuh. Diponegoro Journal of Management. Vol 2. No 3. Hal 1-13.
Putri, N. R., & Irawati, W. (2019). Pengaruh Kepemilikan Manajerial dan Effective Tax Rate terhadap Kebijakan Dividen dengan Likuiditas sebagai Variabel Moderating. Jurnal Kajian Akuntansi, 3(1), 93-108.
Sugiyono, P. (2017). Metodologi penelitian kuantitatif kualitatif dan R&D. Alpabeta, Bandung.
Sutrisno, W., Susilowati, S., & Yuniartha, F. (2000). Pengaruh stock split terhadap likuiditas dan return saham di Bursa Efek Jakarta. Jurnal Manajemen dan Kewirausahaan, 2(2), 1-13.
Verawaty, V., Jaya, A. K., & Mendala, T. (2015). Pengaruh Kinerja Keuangan Terhadap Return Saham Pada Perusahaan Pertambangan Yang Terdaftar Di Bursa Efek Indonesia. Akuisisi: Jurnal Akuntansi, 11(2).
Downloads
Published
Issue
Section
License
Authors who publish with this journal agree to the following terms:- Authors retain copyright and grant the journal right of first publication with the work simultaneously licensed under a Creative Commons Attribution License that allows others to share the work with an acknowledgement of the work's authorship and initial publication in this journal.
- Authors are able to enter into separate, additional contractual arrangements for the non-exclusive distribution of the journal's published version of the work (e.g., post it to an institutional repository or publish it in a book), with an acknowledgement of its initial publication in this journal.
- Authors are permitted and encouraged to post their work online (e.g., in institutional repositories or on their website) prior to and during the submission process, as it can lead to productive exchanges, as well as earlier and greater citation of published work (See The Effect of Open Access).
<a rel="license" href="http://creativecommons.org/licenses/by-sa/4.0/"><img alt="Creative Commons License" style="border-width:0" src="https://i.creativecommons.org/l/by-sa/4.0/88x31.png" /></a><br />This work is licensed under a <a rel="license" href="http://creativecommons.org/licenses/by-sa/4.0/">Creative Commons Attribution-ShareAlike 4.0 International License</a>.