REAKSI PASAR TERHADAP PENGUMUMAN REVERSE SPLIT PADA PERUSAHAAN GO PUBLIC DI INDONESIA

Abstract

The purpose of this research was to determine how the market reacts because of the reverse split announcement. Market reaction seen from the difference in abnormal return before and after the company did a reverse split announcement. This research was conducted in 2001-2012. The samples used in this study were 20 companies. This is an 11-day observation period. The data used in this study is a secondary data and a purposive sampling method was used to determining samples. Technical analysis used for different test is wilcoxon signed rank test. The results of the study shows that the market reacted to the reverse split announcement, marked by the difference in abnormal return before and after reverse split