| dc.contributor.author | Puspitaningtyas, Zarah | |
| dc.date.accessioned | 2019-04-22T08:15:51Z | |
| dc.date.available | 2019-04-22T08:15:51Z | |
| dc.date.issued | 2019-04-22 | |
| dc.identifier.issn | 1810-4967 | |
| dc.identifier.uri | http://repository.unej.ac.id/handle/123456789/90580 | |
| dc.description | Investment Management and Financial Innovations, Volume 16, Issue 2, 2019 | en_US |
| dc.description.abstract | Signaling theory assumes that it is necessary to signal investors to how they perceive
company’s prospects. One of them is dividend announcements. The announcement of
dividends is predicted to be a signal for investors in the investment decision making
process. This study aims to determine and analyze the effect of dividend announcements,
both
increases
and
decreases
in dividends,
on
stock
returns.
This
study
is
intended
to
find
empirical
evidence
about
market
reactions
based
on
signaling
theory
in
Indonesia
Stock
Exchange
on
the
period
2017. The
analysis
of
this
study
uses
the
event
study
method
and
hypothesis
testing
carried
out
using
different
test
paired
sample
t-test.
The
results
of
this
study
prove
that
the
market
reacts
to
the
announcement
of
dividends.
The
market
reaction
is
indicated
by
the
value
of
abnormal
returns,
namely
abnormal
returns
in the
positive
direction
when
the
announcement
of
dividend
increased
and
abnormal
returns
in the
negative
direction
when
the
announcement
of
dividend
decreased.
The
value
of
abnormal
returns
in a positive
direction
reflects
the
company’s
performance
in good
condition,
and
vice
versa.
This
result
indicates
that
dividend
announcements
are
a
signal
and
contain
information
relevant
to
investors
in
the
investment
decision
making
process. | en_US |
| dc.language.iso | en | en_US |
| dc.subject | signaling theory | en_US |
| dc.subject | announcement of dividends | en_US |
| dc.subject | stock return | en_US |
| dc.title | Empirical Evidence of Market Reactions Based on Signaling Theory in Indonesia Stock Exchange | en_US |
| dc.type | Article | en_US |
