Analisis Perbedaan Likuiditas Saham Sebelum Dan Sesudah Stock Split Pada Perusahaan Yang Terdaftar Di Bursa Efek Indonesia

Abstract

This study aims to analyze the differences in stock liquidity before and after stock splits in companies listed on the Indonesia Stock Exchange. Stock liquidity in this study is measured by Trading volume Activity (TVA). The research method is quantitative using secondary data obtained from www.idx.co.id. and www.finance.yahoo.com. The sample in this study amounted to 34 companies that did a stock split in 2019-2023 with the sampling technique, namely purposive sampling technique. The study used the Wilcoxon Signed Rank Test which compared the average Trading Volume Activity 9 days before and after the stock split. The results of the H1 hypothesis test state that there is a difference in stock liquidity (TVA) before and after the stock split is rejected because the results show greater than 0.05, namely 0.059. So this study shows that there is no difference in stock liquidity (TVA) before and after a stock split in companies listed on the Indonesia Stock Exchange.