?url_ver=Z39.88-2004&rft_val_fmt=info%3Aofi%2Ffmt%3Akev%3Amtx%3Adc&rft.title=PENGUJIAN+EFISIENSI+PASAR+BENTUK+SETENGAH+KUAT%0D%0AMELALUI+PENGUMUMAN+INISIASI+DIVIDEN%0D%0A(Studi+Pada+Perusahaan+yang+Melakukan%0D%0ACash+Dividend+di+Bursa+Efek+Indonesia)&rft.creator=RIZKA+SAFITRI%2C+1316051067&rft.subject=H+Social+Sciences+(General)&rft.description=Penelitian+ini+bertujuan+untuk+menguji+efisiensi+pasar+modal+bentuk+setengah+kuat%0D%0Amelalui+pengumuman+inisiasi+dividen+di+Bursa+Efek+Indonesia+periode+2015.+Data%0D%0Ayang+digunakan+adalah+abnormal+return+perusahaan+yang+melakukan+pengumuman%0D%0Acash+dividend.+Pemilihan+sampel+dengan+menggunakan+metode+purposive+sampling%0D%0Adan+terdapat+59+perusahaan+yang+memenuhi+kriteria.+Penelitian+ini+menggunakan+uji%0D%0Aone+sample+t-test+dengan+periode+pengamatan+(event+window)+adalah+7+hari+yaitu+t-3%0D%0A(3+hari+sebelum+pengumuman+inisiasi+dividen)%2C+t0+(1+hari+pada+pengumuman+inisiasi%0D%0Adividen)+dan+t%2B3+(3+hari+sesudah+pengumuman+inisiasi+dividen).+Hasil+penelitian%0D%0Amenunjukkan+adanya+kandungan+informasi+dari+pengumuman+inisiasi+dividen%2C+hal+ini%0D%0Aditunjukkan+dengan+adanya+abnormal+return+yang+bernilai+negatif+dan+signifikan%0D%0Ayaitu+sebesar+0%2C036+pada+hari+ketiga+sebelum+pengumuman+(t-3).+Hasil+pengujian%0D%0Akecepatan+reaksi+pasar+menunjukkan+bahwa+investor+bereaksi+lambat+dan%0D%0Aberkepanjangan+terhadap+pengumuman+inisiasi+dividen.+Hasil+uji+beda+selama+periode%0D%0Apengamatan+hanya+terjadi+pada+t-1+vs+t%2B1+dengan+nilai+probabilitas+sebesar+0%2C043%0D%0Asedangkan+hari+lainnya+seperti+t-2+vs+t%2B2+dan+t-3+vs+t%2B3+mendapatkan+nilai%0D%0Aprobabilitas+lebih+dari+0%2C005+yaitu+sebesar+0%2C290+dan+0%2C361.+Berdasarkan+hasil%0D%0Apengujian%2C+dapat+disimpulkan+bahwa+pasar+modal+Indonesia+yang+diwakili+oleh+Bursa%0D%0AEfek+Indonesia+pada+periode+2015+belum+efisien+dalam+bentuk+setengah+kuat+melalui%0D%0Apengumuman+inisiasi+dividen.%0D%0AKata+kunci%3A+Abnormal+return%2C+Dividend%2C+Efisiensi+pasar+bentuk+setengah+kuat%0D%0A%0D%0A%0D%0A%0D%0Aabstract%0D%0A%0D%0AThe+purpose+of+this+research+is+to+examine+the+semi-strong+form+of+market+efficiency%0D%0Atowards+dividend+initiation+announcement+in+the+Indonesian+Stock+Exchange+2015%0D%0Aperiod.+The+data+used+is+the+abnormal+return+of+companies+that+perform+cash%0D%0Adividend+announcement.+The+sample+was+taken+by+using+of+purposive+sampling%0D%0Amethod+and+there+are+59+companies+that+meet+the+criteria.+This+study+was+using+the%0D%0Atest+one+sample+t-test+with+the+observation+period+(event+window)+is+7+days%2C+t-3+(3%0D%0Adays+prior+to+the+announcement+of+the+initiation+of+the+dividend)%2C+t0+(1+day+at+the%0D%0Aannouncement+of+the+initiation+of+the+dividend)+and+t+%2B+3+(three+days+after+the%0D%0Aannouncement+initiation+of+dividends).+The+result+of+this+research+shows+that+there%0D%0Aare+information+content+in+dividend+initiation+announcement%2C+this+results+was%0D%0Aindicated+by+the+presence+of+negative+abnormal+return+and+significant+in+the+amount%0D%0Aof+0%2C036+on+the+third+day+prior+to+the+announcement+(t-3).+The+test+results+show+that%0D%0Athe+market+reaction+speed+is+slow+and+prolonged+investors+reacted+to+the%0D%0Aannouncement+of+a+dividend+initiation.+Results+of+different+test+during+the+observation%0D%0Aperiod+only+occurs+in+t-1+vs+t+%2B+1+with+a+probability+value+of+0.043%2C+while+other+days%0D%0Asuch+as+t-2+vs+t+%2B+2+and+t-3+vs+t+%2B+3+to+get+the+probability+value+of+more+than+0%2C005+is%0D%0Aequal+to+0.290+and+0.361.+Based+on+those+results%2C+it+can+be+concluded+that+the+capital%0D%0Amarket+of+Indonesia%2C+which+represented+by+the+Indonesia+Stock+Exchange+in+the%0D%0Aperiod+from+2015+have+not+been+efficient+in+the+form+of+a+strong+half+through+dividend%0D%0Ainitiation+announcement.%0D%0AKeywords%3A+Abnormal+return%2C+Dividend%2C+Semi+strong+form+market+efficiency&rft.publisher=FAKULTAS+ILMU+SOSIAL+DAN+ILMU+POLITIK&rft.date=2017-01-18&rft.type=Skripsi&rft.type=NonPeerReviewed&rft.format=text&rft.identifier=http%3A%2F%2Fdigilib.unila.ac.id%2F25200%2F1%2FABSTRACT%2520%2528ABSTRAK%2529.pdf&rft.format=text&rft.identifier=http%3A%2F%2Fdigilib.unila.ac.id%2F25200%2F3%2FSKRIPSI%2520TANPA%2520BAB%2520PEMBAHASAN.pdf&rft.format=text&rft.identifier=http%3A%2F%2Fdigilib.unila.ac.id%2F25200%2F2%2FSKRIPSI%2520FULL.pdf&rft.identifier=++RIZKA+SAFITRI%2C+1316051067++(2017)+PENGUJIAN+EFISIENSI+PASAR+BENTUK+SETENGAH+KUAT+MELALUI+PENGUMUMAN+INISIASI+DIVIDEN+(Studi+Pada+Perusahaan+yang+Melakukan+Cash+Dividend+di+Bursa+Efek+Indonesia).++FAKULTAS+ILMU+SOSIAL+DAN+ILMU+POLITIK%2C+UNIVERSITAS+LAMPUNG.+++++&rft.relation=http%3A%2F%2Fdigilib.unila.ac.id%2F25200%2F