Pasaribu, Hiras and Marliatunnisya, Wina (2012) Hubungan price to book value, price to earning ratio dan BID ASK spread dengan stock split dan implikasinya terhadap econmic value added. In: Prosiding Seminar dan Call for Paper Pengentasan Kemiskinan melali UMKM komparasi model Indonesia dan malaysia, 5 Des 2019, Fak Ekonomi Universitas Pembangunan Nasional "Veteran" Yogyakarta.
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HUBUNGAN PRICE TO BOOK VALUE, PRICE TO EARNING RATIO, DAN BID-ASK SPREAD DENGAN STOCK SPLIT DAN IMPLIKASINYA TERHADAPECONOMIC VALUE ADDED.pdf Download (2MB) | Preview |
Abstract
The research objective was to obtain empirical data and to determine: (1) The relationship between the Price to Book Value (PBV), Price to Earning Ratio (PER), and the Bid-Ask Spread; (2) Effect of Price to Book Value (PBV), Price to Earning Ratio (PER), and the Bid-Ask Spread, partial and simultaneous management action against the stock-split; and (3) Effect of Price to Book Value (PBV), Price to Earning Ratio (PER), Bid-Ask Spread, and partial stock split and simultaneously the Economic Value Added (EVA). Appropriate criteria are met in the sampling, this study applied to 60 observations in 12 companies of 135 publicly listed manufacturing companies in Indonesia Stock Exchange during 2005 to 2009. The research concludes: (1) The correlation coefficient between PBV with high PER. While the correlation coefficient PBV and PER of the Bid-Ask Spread is very low; (2) PBV, PER, and the Bid-Ask Spread partial and simultaneous significant effect on the response management perform Stock Split; and (3) partially PBV and PER no significant effect on EVA, while the Bid-Ask Spread, and Stock Split partially significant effect on EVA. Simultaneously PBV, PER, Bid-Ask Spread, and Stock Split significant effect on EVA.Keywords: Stock Split and Economic Value Added
| Item Type: | Conference or Workshop Item (Paper) |
|---|---|
| Subjects: | H Social Sciences > H Social Sciences (General) |
| Divisions: | Faculty of Law, Arts and Social Sciences > School of Social Sciences |
| Depositing User: | Dr.MSi Akt Hiras Pasaribu |
| Date Deposited: | 15 Jul 2020 08:12 |
| Last Modified: | 15 Jul 2020 08:12 |
| URI: | http://eprints.upnyk.ac.id/id/eprint/23077 |
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