Proceedings of the 20th International Symposium on Management (INSYMA 2023)

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

Authors
Rendy Ardiansyah1, *, Krisnawuri Handayani1, Dyah Setyawati1
1University of Merdeka Malang, Malang, Indonesia
*Corresponding author. Email: rendyardiansyah0705@gmail.com
Corresponding Author
Rendy Ardiansyah
Available Online 30 September 2023.
DOI
10.2991/978-94-6463-244-6_13How to use a DOI?
Keywords
Abnormal Return; Liquidity; the Rights Issue
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.

Copyright
© 2024 The Author(s)
Open Access
Open Access This chapter is licensed under the terms of the Creative Commons Attribution-NonCommercial 4.0 International License (http://creativecommons.org/licenses/by-nc/4.0/), which permits any noncommercial use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license and indicate if changes were made.

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Volume Title
Proceedings of the 20th International Symposium on Management (INSYMA 2023)
Series
Advances in Economics, Business and Management Research
Publication Date
30 September 2023
ISBN
978-94-6463-244-6
ISSN
2352-5428
DOI
10.2991/978-94-6463-244-6_13How to use a DOI?
Copyright
© 2024 The Author(s)
Open Access
Open Access This chapter is licensed under the terms of the Creative Commons Attribution-NonCommercial 4.0 International License (http://creativecommons.org/licenses/by-nc/4.0/), which permits any noncommercial use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license and indicate if changes were made.

Cite this article

risenwbib
TY  - CONF
AU  - Rendy Ardiansyah
AU  - Krisnawuri Handayani
AU  - Dyah Setyawati
PY  - 2023
DA  - 2023/09/30
TI  - Analysis of Differences in Abnormal Return and Stock Liquidity Before and After the Rights Issue
BT  - Proceedings of the 20th International Symposium on Management (INSYMA 2023)
PB  - Atlantis Press
SP  - 68
EP  - 73
SN  - 2352-5428
UR  - https://doi.org/10.2991/978-94-6463-244-6_13
DO  - 10.2991/978-94-6463-244-6_13
ID  - Ardiansyah2023
ER  -