ANALISIS PENGARUH KEPUTUSAN AKUISISI PT. HM SAMPOERNA TBK OLEH PT. PHILIP MORRIS INDONESIA PADA HARGA DAN VOLUME PERDAGANGAN SAHAM PERUSAHAAN LAIN YANG SEJENIS

Abstract

Acquisition is a published emittent corporate event. It will effect the efficiency of the capital market indicated by the changes of the security price. This thesis is to analyzing if the reare any sign if i cant effect that caused by acquisition decision of HMSP by Philip Morris to another company stock price and Trading Volume Activity (TVA) in one manufacture industries. This research using Paired Sample T test to the sample that consist of some manufacturing company which listed in BEJ from January April 2005 beside of HMSP it self The sample are 31 manufacture company that toke with purposive sampling. The survei period are 22 days before, a day durring and 22 days after announcement The reseacrh indicated that acquisition announcement HMSP by Philip Morris is not affected significancy to another company stock price and Trading Volume Activity in manufacture industry sector.