Pengaruh Harga, Volume Perdagangan, dan Volatilitas Harga Saham pada Bid-Ask Spread Perusahaan yang Melakukan Stock Split  

Oleh:

I.R. Styawan ; Susanti, M.F.A.F. Arozzy A.

Jenis: Article from Journal - ilmiah nasional - tidak terakreditasi DIKTI
Dalam koleksi: Manajemen Usahawan Indonesia vol. 34 no. 10 (Oct. 2005), page 36-46.
Topik: trading; trading volume and stock price volatility; stock price; bid-ask spread; stock split
Fulltext: MM15.25 34(10) 36-46.pdf (2.31MB)

Ketersediaan

Perpustakaan Pusat (Semanggi) Nomor Panggil: MM15.25 Non-tandon: 1 (dapat dipinjam: 0) Tandon: tidak ada

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Isi artikel

Issue of this research is analyzing the impact of price, trading volume and stock price volatility toward (bid-ask) spread at many company's stock split in Jakarta Stock Exchange. This study is conducted to examine consistency between theory and empiric (practice) about the effect of stock split toward stock liquidity. To measure stock liquidity as reaction to stock split, we use bid-ask spread theorem. Our result indicates there are significance differences among average stock price before & after stock split. The similar condition is also to average trading volume & stock price volatility. Thus, in general our results of study rather support the previous study from Fatmawati & Asri (1999), which stated stock price & trading volume during stock split influence significantly toward stock liquidity as measured by bid-ask spread. As for implication, the phenomenon of stock split in Jakarta Stock Exchange could be explained by bid-ask spread theorem.

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