Summary from our
analysis of PT Gowa Makassar Tourism Development,Tbk.
After we
calculate and we got beta from Gowa Makassar Tourism Development, Tbk. that is 0.040393562. It means, the stock of the company is defensive
stock. The beta of defensive is less than 1. Defensive stock means, the stocks
are not very sensitive to the market fluctuation. It happened because the
movement of Ri is less than the movement of Rm. So, if we invest in Gowa Makassar Tourism Development, Tbk. we can’t get the high return but we got low
risk.
The Impact of Dividend Payment to Stock
Return
From the
calculation of t-test, we can see that the t-stat is -0.5553 and the t-critical
is 1.8331. The t-stat is less than the t-critical so the stock return of PT. Gowa
Makassar Tourism Development, Tbk is not affected by the dividend payment.
From the analysis we can see the stock of the company is defensive stock, because the beta is less than 1. So, if we invest in Gowa Makassar Tourism Development, Tbk. We can't get high return low but we got low risk. The t-test is less than the t-critical, so the stock return of Gowa Makassar Tourism Development,Tbk. is not affected by dividend payment.
