ANALISIS PERBEDAAN LIKUIDITAS SAHAM SEBELUM DAN SESUDAH STOCK SPLIT PADA PERUSAHAAN YANG TERDAFTAR DI BURSA EFEK INDONESIA

Abstract

Analysis of differences in stock liquidity before and after stock split in companies listed on the Indonesian Stock Exchange. Trading Volume Activity (TVA) is a measure used to calculate stock liquidity. The research method is quantitative with the data source used, namely secondary data obtained from www.idx.co.id. and www.finance.yahoo.com. The sample consisted of 34 companies conducted a stock split policy in 2019-2023. Sampling is purposive sampling. The different test used is the Wilcoxon Signed Rank Test which compares 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 research shows that there is no significant difference in stock liquidity (TVA) before and after the stock split in companies listed on the Indonesian Stock Echange.