文章基本信息

标题：ANALISIS KECANGGIHAN INVESTOR TERHADAP KETEPATAN REAKSI PASAR DALAM MERESPON PENGUMUMAN DIVIDEN MENINGKAT
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作者：Ajat Sudrajat ; Lela Hindasah
期刊名称：Jurnal Ekonomi dan Bisnis
印刷版ISSN：1411-2280
出版年度：2010
卷号：11
期号：2
页码：487-499
DOI：10.30659/ekobis.11.2.487-499
出版社：Universitas Islam Sultan Agung Semarang
摘要：This research has purpose to analyze the ability of investor to accuracy of market reaction to respond announcement of increasing dividend at Indonesian Stock Exchange.This research also examine dividend information indication and accuracy of market reaction.The variable which is used to see market reaction is abnormal return, in are side the ability of investor is promoted by stock holder in institution.The sample which is used in this research is all companies which are registrated in Indonesian Stock Exchange is chosen by sampling purpose method since 2004 to 2006 it is got 127 sample of company.This result of research shows that increasing dividend announcement doesnâ€™t have information indication, investor is not correct to respond decreasing dividend market announcement or Indonesian Stock Exchange hasnâ€™t been efficient in information or in all decisions, and there is no effect or impact from analyze of ability investor toward the accuracy of market reaction to respond increasing dividend announcement.
其他摘要：This research has purpose to analyze the ability of investor to accuracy of market reaction to respond announcement of increasing dividend at Indonesian Stock Exchange. This research also examine dividend information indication and accuracy of market reaction. The variable which is used to see market reaction is abnormal return, in are side the ability of investor is promoted by stock holder in institution. The sample which is used in this research is all companies which are registrated in Indonesian Stock Exchange is chosen by sampling purpose method since 2004 to 2006 it is got 127 sample of company. This result of research shows that increasing dividend announcement doesnâ€™t have information indication, investor is not correct to respond decreasing dividend market announcement or Indonesian Stock Exchange hasnâ€™t been efficient in information or in all decisions, and there is no effect or impact from analyze of ability investor toward the accuracy of market reaction to respond increasing dividend announcement. Keywords : Dividend Increase, Information Content, Decisionally Efficient Market, Investor Sophistication, Institutional Ownership.
关键词：Dividend Increase; Information Content; Decisionally Efficient Market; Investor Sophistication; Institutional Ownership.
其他关键词：Dividend Increase; Information Content; Decisionally Efficient Market; Investor Sophistication; Institutional Ownership.