Analysis of the effect of stock split corporate action on stock prices with liquidity as an intervening variable

Maulana, Muhammad Ilham and Yuliana, Indah ORCID: https://orcid.org/0000-0002-6346-7850 (2022) Analysis of the effect of stock split corporate action on stock prices with liquidity as an intervening variable. Jurnal Manajemen dan Kewirausahaan (JMDK), 10 (1). pp. 42-48. ISSN 25408259

Preview

Text 11966.pdf - Published Version Available under License Creative Commons Attribution Share Alike. Download (628kB) | Preview

Abstract

This research aims to look at the effect of stock splits on stock prices with variable liquidity as intervening. The research sample consisted of 83 companies on the Indonesia Stock Exchange (IDX) that conducted a stock split corporate action in the period 2015-2020 with the requirement that the stock be active in stock trading (no suspension for a long time). The data taken on the study was 5 days before the stock split and 5 days after the stock split. Analysis tools used in the form of IBM SPSS 25 with methods of Path Analysis and Sobel Test. The results of the study found that: 1) stock split has a significant positive effect on stock prices and liquidity, 2)liquidity has a significant effect on stock prices, but is unable to mediate the effect of stock splits on stock prices.

Item Type:	Journal Article
Keywords:	liquidity; stock price; stock split
Subjects:	15 COMMERCE, MANAGEMENT, TOURISM AND SERVICES > 1502 Banking, Finance and Investment > 150201 Finance
Divisions:	Faculty of Economics > Department of Management
Depositing User:	indah yuliana
Date Deposited:	07 Nov 2022 15:46

Downloads

Origin of downloads

Actions (login required)

View Item