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标题：A DIFFERENCE ANALYSIS OF PERFORMANCE SHARES BEFORE AND AFTER BUYBACK ANNOUNCEMENT: A CASE STUDY AT PT RAMAYANA LESTARI SENTOSA TBK AND PT ACE HARDWARER INDONESIA TBK OVER A PERIOD OF 2015
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作者：Husaini Achmad ; Husaini Achmad ; Supriono 等
期刊名称：Eurasia: Economics & Business
电子版ISSN：2522-9710
出版年度：2018
卷号：10
期号：4
页码：70-78
DOI：10.18551/econeurasia.2018-04.09
语种：English
出版社：Grodno State Agrarian University
摘要：Stock buyback is a share repurchase by the company (issuer) which is one of the ways the company does to generate profits for shareholders. Stock buyback is part of investment strategy in order to increase company value. This study tries to observe the information content of the buyback policy that uses a variable of Return (R), Abnormal Return (AR), and Cumulative Abnormal Return (CAR). This was a descriptive research with a quantitative approach. The form of this research was an event study. The research result reveals that there is a significant difference in return before and after the stock buyback. The Abnormal Return shows that there is no significant difference in Abnormal Return before and after the stock buyback. The Cumulative Abnormal Return shows that there is a significant difference of Cumulative Abnormal Return before and after the stock buyback.
关键词：Stock buyback; return; abnormal return; cumulative abnormal return