Abstract
PT. Kalbe Farma became one of the issuers that during the Covid-19 pandemic earned alarge profit per share, so this study aims to see if there is abnormal return and tradingvolume activity around the date of dividend announcement made by PT. Kalbe Farma duringthe Covid-19 pandemic. The event study method is used to study the reaction of theIndonesian Capital Market during the observation period. The observation period is carriedout five days before the dividend announcement and five days after the dividendannouncement of PT. Kalbe Farma. Secondary data used in this study are data on the closingprice of daily shares, daily JCI, daily trading volume, and the number of outstanding shares.The results found that there were abnormal differences in returns before and after dividendannouncements, and there were also differences in trading volume of activity before and afterthe dividend announcement of PT. Kalbe Farma.
Published Version (
Free)
Talk to us
Join us for a 30 min session where you can share your feedback and ask us any queries you have
Schedule a callDisclaimer: All third-party content on this website/platform is and will remain the property of their respective owners and is provided on "as is" basis without any warranties, express or implied. Use of third-party content does not indicate any affiliation, sponsorship with or endorsement by them. Any references to third-party content is to identify the corresponding services and shall be considered fair use under The CopyrightLaw.
