REAKSI PASAR ATAS PELAKSANAAN STOCK SPLIT PADA PERUSAHAAN YANG TERDAFTAR DALAM LQ45 PERIODE 2017-2021

Abstrak

Stock split is an activity carried out by the company by making changes to the number of shares outstanding and the nominal value per share. The purpose of issuers to split the nominal value of shares is to increase liquidity. Stock split of a stock can occur with various ratios. This research has the objective to empirically prove the stock split. This type of research is an event study using a quantitative approach. The sample was selected by purposive sampling method, namely as many as 8 companies listed on the LQ45 BEI. The analytical tool used is the one sample t-test. The results showed that there abnormal return significant in the future, it is hoped that investors will be able to make the right decisions to gain profits or reduce risks that may occur in the capital market.