Open AccessKANDUNGAN INFORMASI PADA PENGUMUMAN REVERSE STOCK SPLIT
Author(s) -
I Putu Sugiartha Sanjaya
Publication year - 2009
Publication title -
manajemen dan bisnis
Language(s) - English
Resource type - Journals
eISSN - 2477-1783
pISSN - 1412-3789
DOI - 10.24123/jmb.v6i2.106
Subject(s) - business , stock (firearms) , stock market , stock exchange , monetary economics , financial system , finance , economics , mechanical engineering , paleontology , horse , engineering , biology
The objective of this study is to investigate whether market reacts to reverse stock split announcement. If market reacts to the announcement therefore the announcement has information content and vice versa. Reverse stock split is an interesting issue regarding financial policies. The study uses companies listed in Jakarta Stock Exchange (JSX) announcing reverse stock split. The research uses data from 2001 to 2007, because several companies informs reverse stock split to the market during the period. This study expects that the announcement has a market reaction. The result of this study is market reacts to the announcement. Therefore, the announcement has information content.
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