PENGARUH PENGUMUMAN RIGHT ISSUE TERHADAP TINGKAT KEUNTUNGAN PADA SAHAM PERBANKAN DAN LEMBAGA KEUANGAN DI BEI

Abstract

This main objective of this study is to test the empirically divestiture and alliance transactions announcement shown in the abnormal returns of company who doing that transactions. Particularly, this study test the implication of the divestiture  and  alliance  transactions  characteristic  and  company`s  characteristic  who doing that transactions reflected by return and abnormal returns during event windows. This study uses bank and financial company who listed in Bursa Efek Indonesia (BEI) during period 1999-2006. Hypothesis testing uses T-Test Independent to known empirically divestiture and alliance transactions announcement shown in the abnormal returns of company who doing that transactions.