Pertumbuhan Earning Per Share, Price To Book Value dan Price Earning Ratio Sebagai Dasar Keputusan Stock Split

• Main Authors: Djoni Budiardjo, Joshe Hana Hapsari
• Format: Article
• Language: English
• Published: Petra Christian University 2011-01-01
• Series: Jurnal Manajemen dan Wirausaha
• Subjects: Signaling hypothesis; stock split decision; trading range hypothesis; growth of earning per share; price to book value; and price earning ratio.
• Online Access: http://puslit2.petra.ac.id/ejournal/index.php/man/article/view/18247

The objective of this research is to examine the effect of earning per share, price to book value and price earning ratio on firms stock split. According to signaling hypothesis, stock split decision can be proxies with the growth of earning per share, while trading range hypothesis can be proxies with the price to book value and price earning ratio. The population of this research is manufacturing firms that did stock split between years 2003 to 2008. The samples consist of 40 firms, and the analysis using logistic regression model. The result is that the growth of earning per share did not have a significant effect to firm stock split decision, while price to book value and price earning ratio did have significant effect to the prediction of firms in doing stock split.