Analisis Perbandingan Reaksi Pasar Modal Sebelum Dan Sesudah Pengumuman Divid…

ABSTRAK This study aims to analyze the stock market reaction to dividend announcements of companies listed in the LQ45 and Jakarta Islamic Index (JII) for the 2021–2024 period. An event study approach was employed with an observation window of five days before and after the announcement. The variables examined were Abnormal Return (AR), Cumulative Abnormal Return (CAR), and Trading Volume Ac…