Dampak Pengumuman Right Issue Terhadap Abnormal Return Dan Volume Perdagangan Saham Pada Perusahaan Yang Terdaftar Di Bursa Efek Indonesia

Abstract

This study aims to determine whether there is a difference of abnormal return and trading volume activity before and after right issue. This research used paired sampel t-test and wilcoxon signed rank to examine the effect of right issue’s announcement, using samples as much 22 firm from 2013 to 2015.The observation period was 7 days before and 7 days after the announcement’s period. The results of this study indicate that the absence of significant difference in abnormal return in the period before and after the announcement of the rights issue, while affected significant to trading volume activity in the period before and after the announcement of the rights issue Keyword : Abnormal Return, Trading Volume Activity,Trading Volume Stock and Right Issu