Pengaruh Pengumuman Right Issue Dan Good Corporate Governance (GCG) Terhadap Return Saham Pada Perusahaan Yang Terdaftar Di Bursa Efek Indonesia

Abstract

The role of the capital market becomes very important as a means to raise funds from business and society. The presence of capital markets in Indonesia is one source of national development financing. This study aims to obtain empirical evidence from the influence of right issue announcement and good corporate governance (GCG) on stock returns on companies listed on the Indonesian Stock Exchange (BEI) for 2006-2015 period. The sample of this research is done by purposive sampling method that is the non-random sample selection whose information is obtained by using certain consideration which is generally adjusted to the purpose or problem of research. The number of data samples used is the financial statements of companies listed on the Indonesia Stock Exchange which exercised Preemptive Rights (HMETD) at least 3 times during the last 10 years ie from 2006-2015. The research data obtained as many as 45 from 13 companies. The result of this research is partially proves right issue and good corporate governance (GCG) have positive and significant effect to stock return