M. TAUFIQ NOOR ROKHMAN
Mahasiswa Program Magister Manajemen, PPSUB

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ANALISIS RETURN, ABNORMAL RETURN, AKTIVITAS VOLUME PERDAGANGAN DAN BID-ASK SPREAD SAHAM DI SEPUTAR PENGUMUMAN STOCK SPLIT (Studi pada Perusahaan Manufaktur di BEJ) ROKHMAN, M. TAUFIQ NOOR; Affandy, Didied P. -; -, S.M. KIPTIYAH -
WACANA, Jurnal Sosial dan Humaniora Vol 12, No 4 (2009)
Publisher : Program Pascasarjana Universitas Brawijaya

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ABSTRACT Event study is a study which analyze any market reactions to an event which its information is published as announcement. The stock split can influence the market depend on the existence of the content of the information in the stock split phenomenon or not. If the stock split contains information then the market will react and vice versa. The objective of this research is to find out the difference of return, abnormal return, trade volume activity, and stock’s bid-ask spread before, in the moment, after the stock split announcement. The research sample is done by purposive sampling method, and there are 24 manufacturing companies which announce stock split between 1999-2001. Statistical experiment used is T-test experiment (paired two samples for means). The Observation period which is done in 11 day, consist of 5 day before, 1 day in the moment, and 5 day after the stock split. The result of this research shows that there is a significant difference between return and abnormal return in the period of between at the moment, and after the stock split. The result in the before-after stock split period shows that there is no significant difference. The result in the variable activity of stock’s trade volume shows that there is no signification difference in the before-at the moment and after period, but in the result of before-after period show that there is significant difference there. And the result of bid-ask spread variable shows that there is significant different in the before-at the moment and after period of stock split, but in the before-after period the result shows that there is no significant different there. And the result of bid-ask spread variable shows that there is significant different in the before-at the moment and after period of stock split, but in the before-after period the result shows that there is no significant different there. Cumulatively, this research gives a conclusion that stock split have no information contents so that the market in general give no reaction. But, the stock split it self can influence the level of stock’s liquidity which has possibility to press on the ownership proportion of the old investor. Key Word: Stock split, Return, Abnormal return, TVA and Bid-ask Spread
PENGARUH KUALITAS INFORMASI DAN KUALITAS SISTEM TERHADAP KINERJA INDIVIDU (Studi Kasus Pada PT. Bank Negara Indonesia Cabang Banyuwangi) Sugiarto, Sugiarto; Rokhman, M. Taufiq Noor
Arthavidya Jurnal Ilmiah Ekonomi Vol 19, No 2 (2017)
Publisher : Arthavidya Jurnal Ilmiah Ekonomi

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Abstract

Abstract Information systems as a set of interconnected components that function to collect, process, store and distribute information to support decision-making and supervision within the organization. The use of information system technology (SI) can improve user performance will be largely determined on the quality of the information system. Use of information system technology used by PT. Bank Rakyat Indonesia, Tbk one of them in 2008 issued the type of electronic channel that has been implemented for BRI customers are ATM, Phone Banking, SMS Banking, Kiosk, MiniATM and Cash Deposit Machine (CDM). PT. Bank Rakyat Indonesia, Tbk as a bank organization with a very large number and distribution of work units, makes information technology an important and decisive factor to create integration and optimize network utilization. The purpose of this research is to analyze the influence of information quality, system quality and service quality on individual performance as user of information system technology in PT. Bank Rakyat Indonesia Branch of Banyuwangi. The sample in this research is 90 employees of PT. Bank Rakyat Indonesia Branch of Banyuwangi. The results showed that the variable of information quality, system quality and service quality partially influence Bank Rakyat Indonesia, Tbk Banyuwangi Branch. While simultaneous testing Variable information quality, system quality and service quality together affect the performance of induvidual employees of PT. Bank Rakyat Indonesia, Tbk Banyuwangi Branch. Keywords: Quality of information, System quality, Service quality and individual employee performance
PENGARUH KUALITAS INFORMASI DAN KUALITAS SISTEM TERHADAP KINERJA INDIVIDU (Studi Kasus Pada PT. Bank Negara Indonesia Cabang Banyuwangi) Sugiarto, Sugiarto; Rokhman, M. Taufiq Noor
Arthavidya Jurnal Ilmiah Ekonomi Vol 19 No 2 (2017)
Publisher : Arthavidya Jurnal Ilmiah Ekonomi

Show Abstract | Download Original | Original Source | Check in Google Scholar

Abstract

Abstract Information systems as a set of interconnected components that function to collect, process, store and distribute information to support decision-making and supervision within the organization. The use of information system technology (SI) can improve user performance will be largely determined on the quality of the information system. Use of information system technology used by PT. Bank Rakyat Indonesia, Tbk one of them in 2008 issued the type of electronic channel that has been implemented for BRI customers are ATM, Phone Banking, SMS Banking, Kiosk, MiniATM and Cash Deposit Machine (CDM). PT. Bank Rakyat Indonesia, Tbk as a bank organization with a very large number and distribution of work units, makes information technology an important and decisive factor to create integration and optimize network utilization. The purpose of this research is to analyze the influence of information quality, system quality and service quality on individual performance as user of information system technology in PT. Bank Rakyat Indonesia Branch of Banyuwangi. The sample in this research is 90 employees of PT. Bank Rakyat Indonesia Branch of Banyuwangi. The results showed that the variable of information quality, system quality and service quality partially influence Bank Rakyat Indonesia, Tbk Banyuwangi Branch. While simultaneous testing Variable information quality, system quality and service quality together affect the performance of induvidual employees of PT. Bank Rakyat Indonesia, Tbk Banyuwangi Branch. Keywords: Quality of information, System quality, Service quality and individual employee performance