PERBANDINGAN VOLUME PERDAGANGAN SAHAM DAN ABNORMAL RETURN SEBELUM DAN SESUDAH PENGUMUMAN RIGHT ISSUE (Penelitian Pada Perusahaan Sektor Finance Yang Terdaftar Di BEI)

This research aims to determine and analyze the comparison of trading volume activity and abnormal returns before and after the announcement of the rights issue (research on finance sector companies listed on the IDX). This research uses a comparative approach. A comparative approach is research that aims to compare the values of one or more independent variables in two or more populations, samples or at different times, or a combination of all of them (Sugiyono, 2017: 20). The results of this research show that there is a difference in trading volume activity before and after the announcement of the rights issue, the average TVA of shares decreased after the company announced the rights issue. This shows that not all companies are able to increase their trading volume by carrying out corporate rights issues. Meanwhile, the results of calculating the average abnormal stock return show that there is a difference in abnormal stock returns before and after the announcement of the rights issue, the average abnormal stock return decreased after the company announced the rights issue. This shows that most companies are able to reduce their abnormal returns by carrying out corporate rights issues.

Keywords: Research Objectives, Research Methods, Research Results, Trading Volume Activity, Rights Issue, Abnormal Return