FINANCIAL PERFORMANCE ANALYSIS BEFORE AND AFTER STOCK SPLIT AT PT. ASIA'S CENTRAL BANKS

Daris Purba; Asih Purwana Sari; V. Ade Arianto CP; Suratman Suratman; Rina Rina

doi:10.51742/akuntansi.v4i1.785

Daris Purba Sekolah Tinggi Ilmu Ekonomi Galileo
Asih Purwana Sari Sekolah Tinggi Ilmu Ekonomi Galileo
V. Ade Arianto CP Sekolah Tinggi Ilmu Ekonomi Galileo
Suratman Suratman Sekolah Tinggi Ilmu Ekonomi Galileo
Rina Rina Sekolah Tinggi Ilmu Ekonomi Galileo

DOI: https://doi.org/10.51742/akuntansi.v4i1.785

Keywords: Financial management, Investment management, Stock split, Signaling theory

Abstract

The stock split by PT Bank Central Asia in October 2021 is expected to improve the company's financial performance. However, the sample shows that the RoA a year before and the year after the stock split does not show significant difference. Previous research has shown that stock splits do not necessarily affect financial performance. This study seeks to determine differences in financial performance at PT Bank Central Asia between before and after the stock split. The hypothesis of this study is that there are differences in the performance of the corporation before and after the stock split. This study used quantitative methods with 8 samples before the stock split and 8 samples after the stock split. The hypothesis testing used is paired t-tests. The conclusion of this study shows that the stock split done by PT Bank Central Asia in October 2021 made a significant difference to the company's financial performance afterwards.