REAKSI PASAR TERHADAP PERISTIWA RIGHT ISSUE DI BURSA EFEK INDONESIA

Steven Christianto, Ida Bagus Anom Purbawangsa
2022 E-Jurnal Manajemen  
A rights issue is a limited public offering activity to current investors to give preemptive rights. The purpose of this study is to determine the market reaction to the rights issue as measured by abnormal returns and trading volume activity using. 52 companies used as sample that carried out corporate rights issues in 2018-2019 listed on the Indonesia Stock Exchange usingt with purposive sampling. Data collection was done by observing and recording data from reports and archives from several
more » ... ources, analyzed using normality test and hypothesis testing using the nonparametric Wilcoxon signed rank test tool. The results show that the announcement of the rights issue has a significant impact on abnormal returns. Rights issue announcements also have a significant effect on trading volume activity. Keywords: Right Issue, Abnormal Return, Trading Volume Activity
doi:10.24843/ejmunud.2022.v11.i02.p10 fatcat:sophkwd6wbf7hp54nw5oaxhz6y