Analysis of Differences in Abnormal Return and Stock Liquidity Before and After the Rights Issue

Rendy Ardiansyah (), Krisnawuri Handayani and Dyah Setyawati
Additional contact information
Rendy Ardiansyah: University of Merdeka Malang
Krisnawuri Handayani: University of Merdeka Malang
Dyah Setyawati: University of Merdeka Malang

A chapter in Proceedings of the 20th International Symposium on Management (INSYMA 2023), 2024, pp 68-73 from Springer

Abstract: Abstract This research aims to determine differences in strange returns and stock liquidity before and after the rights issue. The objects of this research were companies registered on the 2018–2021 Indonesian Stock Exchange. This research used a quantitative approach with secondary data. Documentation techniques were used for data collection. This study used purposive sampling so that out of 111 companies, only 38 companies met the sample criteria—data analysis techniques using descriptive analysis, normality tests, and difference tests. The results of this research show that: there are differences in strange stock returns before and after the rights issue. The Wilcoxon test results show a value of 0.002 which is less than 0.05. There is also no difference in stock liquidity before and after the rights issue. The Wilcoxon test results obtain a value of 0.446, greater than 0.05.

Keywords: Abnormal Return; Liquidity; the Rights Issue (search for similar items in EconPapers)
Date: 2024
References: Add references at CitEc
Citations:

There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:spr:advbcp:978-94-6463-244-6_13

Ordering information: This item can be ordered from
http://www.springer.com/9789464632446

DOI: 10.2991/978-94-6463-244-6_13

Access Statistics for this chapter

More chapters in Advances in Economics, Business and Management Research from Springer
Bibliographic data for series maintained by Sonal Shukla () and Springer Nature Abstracting and Indexing ().