Open AccessPERUBAHAN BID ASK SPREAD DI SEPUTAR PENGUMUMAN LABA UNTUK SAHAM PERUSAHAAN MANUFAKTUR DI BURSA EFEK INDONESIA
Author(s) -
Bayu Wijayantini
Publication year - 2017
Publication title -
benefit
Language(s) - English
Resource type - Journals
eISSN - 2541-2604
pISSN - 1410-4571
DOI - 10.23917/benefit.v1i2.3256
Subject(s) - ask price , business , earnings , stock exchange , bid–ask spread , stock (firearms) , population , economics , accounting , finance , demography , geography , archaeology , sociology
This study aimed to test whether there are significant non-financial variable to the bid ask spread around each earnings announcement on Manufacturing companies listed on the Indonesia Stock Exchange. The population of 143 listed company, selected 32 companies that meet the criteria. Analysis of the results showed that the analysis shows the variation change bid ask spread of 0.05. Where the average bid ask spread five days before the earnings announcement rat higher than the average bid-ask spread five days after the earnings announcement. So there are differences in the bid-ask spread significantly between the time before and the time after the earnings announcement. This indicates that most investors still regard the stock as a trade commodity. The analysis shows the variation change bid ask spread of 0.05. Where the average bid ask spread five days before the earnings announcement rat higher than the average bid-ask spread five days after the earnings announcement. So there are differences in the bid-ask spread significantly between the time before and the time after the earnings announcement. This indicates that most investors still regard the stock as a trade commodity.