Kinerja Saham Antara Perusahaan yang Melakukan Stock Split dengan Perusahaan yang tidak Melakukan Stock Split

The objectives of this research are to examine a difference of the operat-ing company performance that conduct a stock split and disconduct a stock split. In this research there are 28 companies sub-divided into issuers and non issuers have been chosen as samples. The independent samples t-test is applied to test the hyphothesis. The analysis shows some of the ratios such as price earning ratio, price to book ratio, and earnings per share do not have a significant result statistically in a sense that the stock performance of companies conducting a stock split are worse compared to that of without a stock split conduction . This research does not support the signaling hypothesis accordingly. words: stock split, kinerja saham, harga saha