Academia Open
Vol 7 (2022): December
Business and Economics

Analysis of the Difference in Stock Prices and Stock Returns Before and After Stock Split
Analisis Perbedaan Harga Saham dan Return Saham Sebelum dan Sesudah Stock Split


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  • Inka Ayu Suhartini,
  • Wiwit Hariyanto*
Inka Ayu Suhartini
Universitas Muhammadiyah Sidoarjo, Indonesia
Wiwit Hariyanto
Universitas Muhammadiyah Sidoarjo, Indonesia *

(*) Corresponding Author
Picture in here are illustration from public domain image or provided by the author, as part of their works
DOI: https://doi.org/10.21070/acopen.7.2022.3305
Published September 12, 2022
Keywords
  • Stock Price,
  • Stock Return,
  • Stock Split
How to Cite
Suhartini, I. A., & Hariyanto, W. (2022). Analysis of the Difference in Stock Prices and Stock Returns Before and After Stock Split. Academia Open, 7, 10.21070/acopen.7.2022.3305. https://doi.org/10.21070/acopen.7.2022.3305

Copyright (c) 2022 Inka Ayu Suhartini, Wiwit Hariyanto

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This work is licensed under a Creative Commons Attribution 4.0 International License.

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Abstract

This study aims to determine the difference between stock prices and stock returns before and after the stock split. The capital market provides investment facilities for investors who have excess funds to be able to invest their money in the hope of getting a return. The stock split is carried out on the basis of two theories, namely trading range theory and signaling theory. Research data is daily data for a five-year period (2015-2020). The sampling method used was purposive sampling, 31 companies that met the criteria were selected as samples. The analytical method used in this research is descriptive statistical test and normality test and paired sample t-test. The results of this study indicate that there is a significant difference in stock prices and there is a significant difference in stock returns before and after the stock split.

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