PERBEDAAN REAKSI PASAR SEBELUM DAN SESUDAH PENGUMUMAN PEMBELIAN KEMBALI SAHAM (BUYBACK) (PERUSAHAAN YANG TERDAFTAR DI BEI PERIODE 2016-2018)

Sastradi, Caca (2019) PERBEDAAN REAKSI PASAR SEBELUM DAN SESUDAH PENGUMUMAN PEMBELIAN KEMBALI SAHAM (BUYBACK) (PERUSAHAAN YANG TERDAFTAR DI BEI PERIODE 2016-2018). Undergraduate thesis, Universitas Katolik Musi Charitas Palembang.

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Abstract

Share buyback is a corporate action where the issuer repurchases shares that have been circulating. The implementation of the buyback aims to increase stock liquidity, reduce paid-up capital, and gain profits from the resale of buyback shares. The purpose of this study was to analyze the effect of buyback announcements on market reactions reflected in the abnormal return and trading volume activity in 2016-2018. The samples tested in this event study amounted to 51 companies listed on the IDX and made buybacks during the observation period. Analysis of the data used is descriptive analysis, namely the One Sample t-test, and t test (Paired Sample t-test) with a significance level of 0.05. The results showed that there was no significant effect of average abnormal returns before and after the buyback announcement. Some companies experienced price declines when after making a buyback announcement. The decline in stock prices is because the company is not consistent in increasing profits each year. The results of this study also indicate that there is a significant influence on average trading volume activity before and after the buyback announcement which is shown to be a significance value of 0.013 less than 0.05. Keywords: Buyback, Average Abnormal Return, Average Trading Volume Activity

Item Type: Thesis (Undergraduate)
Uncontrolled Keywords: Buyback ; Average Abnormal Return ; Average Trading Volume Activity
Subjects: H Social Sciences > H Social Sciences (General)
Divisions: Theses - S1 > Accounting Study Program
Depositing User: Student Staf Chatarinedesi Kurniawati
Date Deposited: 06 Jun 2022 10:39
Last Modified: 06 Jun 2022 10:39
URI: http://eprints.ukmc.ac.id/id/eprint/8007

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