THE EFFECT OF EARNINGS PER SHARE ON ABNORMAL RETURN IN INDONESIA

Prabawa, Albertius Galang (2021) THE EFFECT OF EARNINGS PER SHARE ON ABNORMAL RETURN IN INDONESIA. S1 thesis, Universitas Atma Jaya Yogyakarta.

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Abstract

This research tries to find the effect of earnings per share on abnormal return in LQ 45 list in Indonesia. Population selected in this research is all type of companies which listed on LQ 45 for 1 year in row from 2016-2018. Purposive sampling technique used to take the samples which results in 110 samples from total 66 companies that fulfil the criteria of samples in this research. Result concluded from this research will shows that earnings per share has positive non-significant impact to abnormal return. Net profit margin also has positive beta but non-significant impact on abnormal return. Meanwhile, return on asset and leverage shows that it has negative and non-significant impact to abnormal return. This study find that investor might not see earnings per share as information content that have no impact to market reaction.

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