DAFTAR PUSTAKA

Aduda, Josiah Omollo dan Chemarum Caroline S.C.

2010. Market Reaction to Stock Split Empirical
Evidence from the Nairobi Stock Exchange. African
Journal of Business & Management Vol. 1.
Almilia, Luciana Spica dan Emanuel Kristijadi.
2006.Dampak
Size
Perusahaan
Terhadap
Kandungan Informasi dan Efek Intra Industri
Pengumuman Stock Split. Jurnal Bisnis dan
Ekonomi Vol. 13, No. 1. ISSN: 1412 - 3126
Anshuman, V. RavidanAvner Kalay. 2002. Can splits
create market liquidity? Theory and evidence.
Journal of Financial Markets. 5, 83125.
Bajra, Ujkan dan Burim Hasani. 2012. Event Study on
Stock Splits. JEL Classification Codes: G12,G14,
G21,G24.http://www.dukagjinicollege.eu/libri2/1
0-Bajra.pdf
Beaver, William H. 1968. The Information Content of
Annual Earnings Announcements. Jurnal of
Accounting Research. Vol.6, pp.67-92.
Bird, Rebecca B dan Eric Alden S. 2005. Signaling
Theory, Strategic Interaction, and Symbolic
Capital.
Carlos, Garcia de Andoain dan W. Frank, Bacon. 2009.
The Impact Of Stock Split Announcements On
Stock Price: A Test Of Market Efficiency.
Proceedings of ASBBS Vol. 16 No. 1.
Copeland, Thomas E. 1979. Liquidity Changes
Following Stock Splits. The Journal of Finance, Vol.
34, No. 1, (Mar., 1979), pp. 115-141.
43

Cowan, Arnold R. 1992. Nonparametric Event Study

Tests.Review
of
Quantitative
Finance
and
Accounting 2 (1992):343-358(December 1992).
Fama, F. Eugene,Lawrence Fisher, Michael C. Jensen,
dan Richard Roll. 1969. The adjustment of stock
prices to new information. International Economic
Review 10, 1-21.
Fama, F. Eugene. 1970. A Review of Theory and
Empirical Work. The Journal of Finance, Vol. 25,
No. 2, Papers and Proceedings of the TwentyEighth Annual Meeting of the American Finance
Association New York, N.Y.
Ferris, Stephen P, Chuan-Yang Hwang dan Atulya
Sarin. 1995. A Microstructure Examination of
Trading Activity Following Stock Splits. Review of
Quantitative Finance and Accounting 27-41. 1995
Kluwer
Academic
Publishers,
Boston.
Manu&ctured in The Netherlands.
Goyenko, Ruslan Y, Craih W. Holden,dan Andrey D.
Ukhov. 2006. Do Stock Split Improve Liquidity?
He, Yan dan Junbo Wang. 2012. Stock Split Decisions:
A Synthesis of Theory and Evidence.Journal Of
Applied Finance- No. 2.
Hwang, Jae-Kwang,Young Dimkpah, dan Alex I. Ogwu.
2012. Do Reverse Stock Splits Benefit Long-term
Shareholders?.
Int
Adv
Econ
Res
DOI
10.1007/s11294-012-9370-3.

International
Atlantic Economic Society 2012.
Ikenberry, David L., Graeme Rankine, dan Earl K. Stice.
1996.What Do Stock Splits Really Signal? .Journal
of Financial and Quantitative Analysis. Vol. 31, No.
3.
44

Lamoureux, C dan Percy Poon. 1987. The Market

Reaction To Stock Split. The Journal of Finance,
Vol. XI.II, No. 5. Desember 1987.
Lestari, Selamet dan Eko Arief Sudarno. 2008.
Pengaruh Stock Split: Analisis Likuiditas Saham
pada Perusahaan Go Publik di Bursa Efek
Indonesia dengan Memperhatikan Pertumbuhan
dan Ukuran Perusahaan. Jurnal Bisnis dan
Akuntansi Vol.10 No.3
Malkior, G. Burton. 2003. The Efficient Market
Hypothesis and Its Critics. Jurnal of economic
perspectives. Volume 17, Number 1. Pages 59-82.
Marchan, Barry. 2005. Reverse Stock Split: Motivations,
Effectiveness and Stock Price Reactions. A
Dissertation submitted to the Department of Finance
in partial fulfillment of the requirements for the
degree of Doctor of Philosophy.
Megasari, Dyah, Pasca stock split, saham ASII
langsung melejit!, Kontan online, Selasa 05 Juni
2012, http://investasi.kontan.co.id/news/pascastock-split-saham-asii-langsung-melejit,
diakses
tanggal 28 Juli 2013.
Mehta, Chhavi, Surendra S. Yadav, dan P.K. Jain.
2011. Managerial Motives for Stock Splits: Survey
Based Evidence from India. Journal of Applied
Finance No. 1.
Mohanty,
Sunil
dan
Doocheol
Moon.
2007.
Disentangling the signalling and liquidity effects of
stock splits. Applied Financial Economics ISSN
09603107 print.
Pooja. 2013. Stock Split Announcement and Liquidity
Effect : Evidence from India*. Vilakshan, XIMB
Journal Vol.10 (1); March 2013.
45

Rudnicki, Jozef. 2012. Stock Splits and Liquidity for

Two Major Capital Markets From CentralEastern.Europe.
Business. Management and
Education. ISSN 2029-7491 print / ISSN 20296169 online.
Sutrisno, Wang, Yuniartha, Francisca dan Soffy
Susilowati. Pengaruh Stock Split Terhadap
Likuiditas dan Return Saham di Bursa Efek
Jakarta. Jurnal Manajemen & Kewirausahaan Vol.
2, No. 2, September 2000: 1 13.
Utami, Tiwi Nurjannati, Ghozali Maski, dan H.M. Syafei
Idrus. 2009. Dampak Pengumuman Stock Split
Terhadap Return, Variabilitas Tingkat Keuntungan
dan Aktivitas Volume Perdagangan (Studi Pada
Perusahaan Manufaktur yang terdaftar di BEJ
Tahun 1997-1999). Wacana Vol. 12 No. 4. ISSN.
1411-0199.
Wang, George H. K. dan Jot Yau.2012. Would a
Financial Transaction Tax Affect Financial Market
Activity? Insights from Futures Markets. Policy
Analysis No.702.
Wijanarko, Iguh dan Prasetiono. 2012. Analisis
Pengaruh Pemecahan Saham (Stock Split)
Terhadap Likuiditas Saham Dan Return Saham
(Study Kasus Pada Perusahaan Yang Terdaftar BEI
Periode 2007-2011). Diponegoro Journal of
Manajemen. Volume 1, Nomor 2, Halaman 189199.
Wira, Veriyetmi. 2012. Pengaruh Kinerja Perusahaan
Terhadap Likuiditas Saham Menggunakan Trading
Turnover. Jurnal Manajemen dan Kewirausahaan.
Volume 3, Nomor 2. ISSN : 2086 5031.

46