PENGUJIAN EFISIENSI PASAR BENTUK SETENGAH KUAT SECARA INFORMASI: ANALISIS PENGUMUMAN DIVIDEN MENINGKAT (Studi Empiris Pada Perusahaan Yang Terdaftar Di Bursa Efek Indonesia Periode Tahun 2016 -2017)

Abstract

ABSTRACT
This research was conducted with the purpose to know the difference of
the content of market information, the speed of market reaction and the accuracy
of market reaction before and after the announcement event of dividend increase.
This research was conducted on all companies which registered in Indonesia
Stock Exchange (BEI) on period 2016-2017. The research’s sample in this
research used purposive sampling method. The count of sample in this research
was 37 companies. The data were analyzed by using a t-test (paired sample ttest).
The result of this research showed that there was no difference at variable
of the content of market information before and after the announcement event of
dividend increase. At the speed variable of market reaction also indicate there
was no difference of before and after the announcement event of dividend
increase. However, at the accuracy variable of market reaction there was a
difference of before and after the announcement event of dividend increase.
Key words : The content of market information, The speed of market reaction,
The accuracy of market reaction, The announcement event of
dividend increase.