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Author: Ani Pinayani

Affiliation: Universitas Pendidikan Indonesia, Jl. Dr. Setiabudhi 229, Bandung, Indonesia

Keyword(s): Bonus Share, Trading Volume, Stock Return.

Abstract: The purpose of this study is to find out the bonus effect of stock announcement events on stock trading volume and stock returns in Indonesia Stock Exchange (IDX). The research method used in this study is event study. The research population consisted of companies that made the announcement of bonus shares for the period January 2001 - January 2013, the research sample was selected from 23 companies by using purposive sampling technique. Data analysis techniques to test the hypothesis using t-test with One-Sample Test, Paired-Sample Test and One-Way Anova Test. The result of the research shows that (1) The announcement of bonus shares has no effect the stock trading volume; (2) The announcement of bonus shares has no effect the stock returns; (3) The average value of trading volume of shares prior to the announcement of bonus shares is equal to after the announcement of bonus shares; (4) The average return value of shares prior to the announcement of bonus shares is equal to aft er the announcement of bonus shares; (5) The average value of stock trading volume is relatively the same among each industry sector that has announced bonus shares; (6) The average value of stock returns is relatively the same among each industry sector that has announced bonus shares. (More)

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Paper citation in several formats:
Pinayani, A. (2018). Bonus Share Issues and Announcement Effect in Indonesia Stock Exchange. In Proceedings of the 2nd International Conference on Economic Education and Entrepreneurship - ICEEE; ISBN 978-989-758-308-7, SciTePress, pages 105-109. DOI: 10.5220/0006881401050109

@conference{iceee18,
author={Ani Pinayani.},
title={Bonus Share Issues and Announcement Effect in Indonesia Stock Exchange},
booktitle={Proceedings of the 2nd International Conference on Economic Education and Entrepreneurship - ICEEE},
year={2018},
pages={105-109},
publisher={SciTePress},
organization={INSTICC},
doi={10.5220/0006881401050109},
isbn={978-989-758-308-7},
}

TY - CONF

JO - Proceedings of the 2nd International Conference on Economic Education and Entrepreneurship - ICEEE
TI - Bonus Share Issues and Announcement Effect in Indonesia Stock Exchange
SN - 978-989-758-308-7
AU - Pinayani, A.
PY - 2018
SP - 105
EP - 109
DO - 10.5220/0006881401050109
PB - SciTePress

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