Analisis Komparatif Volume Perdagangan Saham dan Return Saham Sebelum dan Sesudah Pengumuman Earnings  

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Jenis: Article from Journal - ilmiah nasional - terakreditasi DIKTI
Dalam koleksi: Journal of Economics, Business, & Accountancy: ventura vol. 12 no. 1 (Apr. 2009), page 49-60.
Topik: Stock Trading Volume; Stock Return; Efficient Securities Market; Earnings Announcement

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Perpustakaan Pusat (Semanggi) Nomor Panggil: VV5.6 Non-tandon: 1 (dapat dipinjam: 0) Tandon: tidak ada

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Isi artikel

This study attempts to investigate comparative stock trading volume and stock return, before and after earnings announcement on the Indonesian Stock Exchange. In such an effort, efficient securities market hypotheses are strongly used to explain how market price fully reflected all available information. However, in this case, efficiency is defined as relative to a stock of information. First of all, it examines a sample of 38 LW-45 firms with narrow windows t-5 to t+5. The hypothesis is whehter there is difference, on average, of stock trading volumen adn stoc return, before and after earnings announcement. Using independent sample test, is can be concluded that, significantly, there is no difference, statistically between stock trading volumen and earnings announcement. However, it was found that there is difference signfiicantly at 5% level, again statistically, between stock return and earnings announcement. It is suggested that this situation is driven by many factors except the concept of efficient market hypothesis false.

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