Original Research Article
Year: 2020 | Month: July | Volume: 7 | Issue: 7 | Pages: 259-264
Performance Analysis of Spin-Off Company Stock Price in Indonesia Stock Exchange
Muhammad Ananda Fakhri1, Isfenti Sadalia2, Amlys Syahputra Silalahi3
1,2Department of Magister Management, Universitas Sumatera Utara, Jl. Sivitas Akademika Kampus USU, Medan, Indonesia
3Department of Management, Universitas Sumatera Utara, Jl. Prof. T.M Hanafiah, SH, Kampus USU, Medan, Indonesia
Corresponding Author: Muhammad Ananda Fakhri
ABSTRACT
The purpose of this study is to see a significant difference in excess return, return on equity of the parent company and spin-off companies on the Indonesia Stock Exchange. This research is an event study using data types, namely quantitative data taken from the Indonesia Stock Exchange database in 2009 - 2020. The populations in this study were 8 companies in which there were 4 companies in the construction sector, 1 company in the retail sector, 1 company in the consumer goods sector and 2 companies in the banking sector.
Keywords: Spin-off, Excess Return and Return on Equity
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