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Abstract:
This study aims to determine the effect of stock split on liquidity stock in large companies, small companies, growing companies, and not growing companies. Stock prices are too high to make investors sluggish in the stock buyers. This was responded by the company by taking actions aimed at lowering the price of shares at a price range that attracts investors by carrying out a stock split, so that the stock becomes more liquid because there are many outstanding shares.
This study used 51 companies that did a stock split in the 2007-2015 period and was listed on the Indonesia Stock Exchange. The normality test showed that the data was normally distributed, so the test used was a Paired Sample T-Test.
Observations were made for 5 days before the stock split and 5 days after the stock split. The results of this study are the differences in Trading Volume Activity (TVA) between before and after a stock split in large companies, small companies, growing companies, and not growing companies. Then it can be concluded that the stock split has no effect on liquidity stock.
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