scholarly journals Volatilitas Harga Saham: Leverage, Ukuran Perusahaan, Pertumbuhan Aset

2020 ◽  
Vol 4 (2) ◽  
pp. 196-208
Author(s):  
Hasna Rosyida ◽  
Amrie Firmansyah ◽  
Setyo Baskoro Wicaksono
Keyword(s):  
Stock Price ◽  
Price Volatility ◽  
Company Size ◽  
Stock Price Volatility ◽  
Share Prices ◽  
Management Evaluation ◽  
Final Sample ◽  
Study Results ◽  
Negative Effect ◽  
Asset Growth

This study examines the effect of leverage, company size, and asset growth on stock price volatility. This study uses data from all companies listed on the LQ45 index (BEI) from 2017 to 2019. Based on purposive sampling, this study obtained 31 financial statement data so that the final sample in this study amounted to 93 firm-year observations. Data analysis was analyzed using multiple regression analysis with Eviews 10 software. The study results concluded that leverage has a positive effect on stock price volatility, company size has a negative effect on stock price volatility, and asset growth has no effect on stock price volatility. This study's results can be used as material for management evaluation in increasing share prices so that this condition can attract investors' interest in investing in the company.

scholarly journals Pengaruh Asset Growth, Leverage, dan Dividend Payout Ratio pada Volatilitas Harga Saham

2020 ◽  
Vol 30 (5) ◽  
pp. 1270
Author(s):  
I Kadek Rama Artikanaya ◽  
Gayatri Gayatri
Keyword(s):  
Stock Price ◽  
Stock Exchange ◽  
Linear Regression Analysis ◽  
Price Volatility ◽  
Sampling Technique ◽  
Multiple Linear Regression Analysis ◽  
Stock Price Volatility ◽  
Dividend Payout ◽  
Negative Effect ◽  
Asset Growth

This study aims to obtain empirical evidence about the effect of asset growth, leverage, and dividend payout ratio on stock price volatility. This research was conducted on companies listed in the LQ 45 index on the Indonesia Stock Exchange in 2014 - 2018. The number of samples used was 13 companies using the nonprobability sampling method with a purposive sampling technique, so the number of samples for 5 years became 65 samples. The data analysis technique used is multiple linear regression analysis. Based on the results of the analysis found that asset growth has a negative effect on stock price volatility. Leverage has a positive effect on stock price volatility. Dividend payout ratio has a negative effect on stock price volatility. Keywords: Asset Growth; Leverage; Dividend; Volatility.

scholarly journals FAKTOR YANG MEMPENGARUHI VOLATILITAS HARGA SAHAM PADA EMITEN YANG TERDAFTAR DI JAKARTA ISLAMIC INDEX

2021 ◽  
Vol 8 (6) ◽  
pp. 706
Author(s):  
Nurul Hidayati ◽  
Puji Sucia Sukmaningrum
Keyword(s):  
Stock Price ◽  
Trading Volume ◽  
Dividend Policy ◽  
Price Volatility ◽  
Share Price ◽  
Company Size ◽  
Stock Price Volatility ◽  
Dividend Payout ◽  
Earnings Volatility ◽  
Panel Data Regression

ABSTRAKTujuan dari penelitian ini yaitu meneliti pengaruh kebijakan dividen, volume perdagangan, volatilitas laba, ukuran perusahaan dan tingkat hutang terhadap volatilitas harga saham di emiten yang terdaftar di JII dari tahun 2015 sampai 2019. Adapun manfaat dari penelitian ini dalam eksistensi pasar finansial secara global karena dapat mengukur tingkat risiko. Penelitian ini dibantu dengan alat analisis Eviews 10. Regresi data panel dipilih dalam penelitian ini. Hasil penelitian membuktikan bahwa secara individual dividend payout ratio, volume perdagangan dan volatilitas laba secara positif memiliki pengaruh yang signifikan, ukuran perusahaan secara negatif memiliki pengaruh signifikan, dan tingkat hutang tidak memiliki pengaruh signifikan terhadap volatilitas harga saham. Secara simultan, variabel dividend payout ratio, volume perdagangan, ukuran perusahaan, volatilitas laba, dan tingkat hutang signifikan berpengaruh terhadap volatilitas harga saham. Kata Kunci: Volatilitas harga saham, emiten syariah, regresi data panel. ABSTRACTThe purpose of this study is to examine the effect of dividend policy, trading volume, earnings volatility, company size and level of debt on stock price volatility in issuers listed in JII from 2015 to 2019. The benefits of this research are in the existence of global financial markets because it can measure the level of risk. This research is assisted by the analysis tool Eviews 10. Panel data regression. selected in this study. The results showed that partially the dividend payout ratio, trading volume and earnings volatility had a positive and significant effect, company size had a negative and significant effect, and the level of debt had no significant effect on stock price volatility. Simultaneously, the variable dividend payout ratio, trading volume, company size, earnings volatility, and level of debt have a significant effect on stock price volatility. Keywords: Stock price volatility, sharia company, panel data regression. DAFTAR PUSTAKABawono, A., & Shina, A. F. I. (2018). Ekonometrika terapan untuk ekonomi dan bisnis Islam aplikasi dengan Eviews. Salatiga: Lembaga Penelitian dan Pengabdian kepada Masyarakat (LP2M) IAIN Salatiga Press.Brigham, E. F., & Houston, J. F. (2011). Dasar-dasar manajemen keuangan, buku kedua. Jakarta: Salemba Empat.Camilleri, S. J., Grima, L., & Grima, S. (2019). The effect of dividend policy on share price volatility: an analysis of Mediterranean banks’ stocks. Managerial Finance, 45(2), 348–364. https://doi.org/10.1108/MF-11-2017-0451Dewi, S., & Paramita, R. A. S. (2019). Pengaruh kebijakan dividen, volume perdagangan, earning volatility, leverage, dan firm size terhadap volatilitas harga saham perusahaan LQ45. Jurnal Ilmu Manajemen, 7(3), 761–771.Fakhruddin, H. M. (2008). Istilah pasar modal A-Z. Jakarta: Elex Media Komputindo.Gumanti, T. A. (2013). Kebijakan Dividen (Pertama). UPP STIM YKPN.Jahfer, A., & Mulafara, A. H. (2016). Dividend policy and share price volatility: Evidence from Colombo stock market. Internaltional Journal Managerial and Financial Accounting, 8(2), 97–108. DOI:10.1504/IJMFA.2016.077947Jannah, R., & Haridhi, M. (2016). Pengaruh kebijakan dividen, earning volatility, dan leverage terhadap volatilitas harga saham pada perusahaan non-financing yang terdaftar di bursa efek Indonesia tahun 2010-2014. Jurnal Ilmiah Mahasiswa Ekonomi Akuntansi, 1(1), 133–148.Mehmood, A., Ullah, M. H., & Ul Sabeeh, N. (2019). Determinants of stock price volatility: Evidence from cement industry. Accounting, 5(4), 145–152. https://doi.org/10.5267/j.ac.2019.2.002Muhamad. (2016). Manajemen keuangan syari’ah analisis fiqh & keuangan. Yogyakarta: UPP STIM YKPN.Novius, A. (2017). Analisis pengaruh kebijakan deviden ( Dividen payout ratio dan devidend yield) terhadap volatilitas harga saham (Studi empiris pada perusahaan kelompok LQ45 yang terdaftar di BEI). Jurnal Al-Iqtishad, 13(1), 67. https://doi.org/10.24014/jiq.v13i1.4389Rowena, J., & Hendra. (2017). Earnings volatility, kebijakan dividen, dan pertumbuhan asset berpengaruh terhadap volatilitas harga saham pada perusahaan manufaktur di BEI periode 2013 – 2015. Jurnal Administrasi Kantor, 5(2), 231–242.Sarmanu. (2017). Dasar metodologi penelitian. Surabaya: Airlangga University Press.Septyadi, M. A., & Bwarleling, T. H. (2020). Pengaruh volume perdagangan saham, leverage, dan kebijakan dividen terhadap volatilitas harga saham, 2, 149–162.Shah, S. A., & Noreen, U. (2016). Stock price volatility and role of dividend policy: Empirical evidence from Pakistan. International Journal of Economics and Financial Issues, 6(2), 461–472.Spence. (1973). Job market signaling. The Quarterly Journal of Economics, 87(3), 355–374. https://doi.org/10.2307/1882010Tandelilin, E. (2010). Manajemen portofolio dan investasi. Surabaya: Kanisius.Yulinda, E., Pujiastuti, T., & Haryono, S. (2020). Analisis pengaruh dividend payout ratio, leverage, firm size, volume perdagangan, earning volatility, dan inflasi terhadap volatilitas harga saham pada perusahaan yang terdaftar dalam indeks LQ45 tahun 2014-2017. Jurnal Ilmiah Indonesia Ilmiah Indonesia, 5(5), 76. DOI:10.36418/syntax-literate.v5i5.1106Zainudin, R., Mahdzan, N. S., & Yet, C. H. (2018). Dividend policy and stock price volatility of industrial products firms in Malaysia. International Journal of Emerging Markets, 13(1), 203–217. https://doi.org/10.1108/IJoEM-09-2016-0250

scholarly journals THE EFFECT OF ASSET GROWTH AND DEBT SOLVENCY ON STOCK PRICE VOLATILITY (CASE STUDY OF BANKING CORPORATIONS LISTED IN THE INDONESIA STOCK EXCHANGE FOR THE PERIOD OF 2011-2018)

2021 ◽  
Vol 10 (1) ◽  
pp. 27
Author(s):  
Mario Yohanis Thomas ◽  
Ventje Ilat
Keyword(s):  
Stock Price ◽  
Quantitative Methods ◽  
Stock Exchange ◽  
Hypothesis Test ◽  
Linear Regression Analysis ◽  
Price Volatility ◽  
Secondary Data ◽  
Coefficient Of Determination ◽  
Stock Price Volatility ◽  
Asset Growth

This study aims to determine the effect of asset growth and debt solvency on stock price volatility. The population in this study is financial sector companies listed as issuers of shares on the Indonesia Stock Exchange (IDX). The sample is taken by the purposive method so that there are 6 banking companies that meet the criteria. The research data is secondary data for the period 2011-2018 obtained from the Indonesia Stock Exchange. This study uses quantitative methods with multiple linear regression analysis techniques with t-test, F test, and analysis of the coefficient of determination. Hypothesis test results show a significant effect on the asset growth variable and an insignificant effect on the debt solvency variable.

scholarly journals FLUCTUATION OF INFLATION VALUE AND BI RATE AGAINSTVOLATILITY OF STOCK PRICE IN PT. UNILEVER INDONESIA Tbk

2020 ◽  
Vol 3 (2) ◽  
pp. 333-342
Author(s):  
Nely Supeni ◽  
Helmi Agus Salim
Keyword(s):  
Stock Price ◽  
Quantitative Research ◽  
Stock Exchange ◽  
Price Volatility ◽  
Secondary Data ◽  
Stock Price Volatility ◽  
Industry Sector ◽  
Significant Negative Effect ◽  
Negative Effect ◽  
Share Value

PT. Unilever Indonesia Tbkis one of the companies in the Consumer Goods Industry sector on the Indonesia Stock Exchange (BEI) with the highest share value throughout 2018. The purpose of this study is 1) To partially determine the effect of inflation and the BI Rate on Stock PriceVolatility at PT . Unilever Indonesia Tbk, 2) To find out the effect of simultaneous Inflation and BI Rate on Stock Price Volatility at PT. Unilever Indonesia Tbk.This type of research is quantitative research with secondary data type then the analysis used is Multiple Linear Regression. The results of the analysis state that partially Inflation has a significant negative effect on Stock Price Volatility while the BI Rate has a significant negative effect on Stock Price Volatility. Then the results of thesimultaneous analysis state that inflation and the BI Rate have a significant effect on stock price volatility. Keywords:Inflation, BI Rate, Stock Price Volatility

scholarly journals FAKTOR PENENTU BID-ASK SPREAD SAHAM LQ45

2020 ◽  
Vol 2 (1) ◽  
pp. 43-54
Author(s):  
Sabna Ainazah Fatikhah ◽  
Siti Puryandani
Keyword(s):  
Stock Prices ◽  
Stock Price ◽  
Trading Volume ◽  
Linear Regression Analysis ◽  
Price Volatility ◽  
Multiple Linear Regression Analysis ◽  
Company Size ◽  
Stock Price Volatility ◽  
Company Stock ◽  
Bid Ask Spread

Investors always use various information to get the maximum profit in investment activities. One such information is the bid-ask spread. This study aims to determine the effect of company size, stock prices, stock price volatility and trading volume on the bid-ask spread of companies listed in the LQ45 index in the period 2015 to 2018. A total of 14 companies were taken as a purposive sampling sample in order to obtain 56 observational data. The analytical method used in this study is the method of multiple linear regression analysis. The results showed that stock prices and stock price volatility affect the bid-ask spread. While company size and trading volume do not affect bid-ask spread. Investors can consider the size of the company, stock prices, stock price volatility, and trading volume to avoid high spreads and get profit in the future.

scholarly journals DETERMINE OF STOCK PRICE VOLATILITY ON MINING COMPANIES ON THE INDONESIA STOCK EXCHANGE

2021 ◽  
Vol 1 (2) ◽  
pp. 213-224
Author(s):  
Nurhasanah Nurhasanah ◽  
Husaini Husaini ◽  
Arliansyah Arliansyah ◽  
Johanda Syahputra
Keyword(s):  
Exchange Rates ◽  
Interest Rates ◽  
Stock Price ◽  
Trading Volume ◽  
Stock Exchange ◽  
Price Volatility ◽  
Analysis Method ◽  
Stock Price Volatility ◽  
Share Prices ◽  
Mining Companies

The purpose of this study was to determine the effect of dividend policy, earning volatility, trading volume, exchange rates and interest rates on the volatility of stock prices in mining companies on the Indonesia Stock Exchange. The population studied in this study were all mining companies which were mining companies for the 2016-2019 period totaling 51. The sampling technique inthis study used a positive sampling method. The samples in this study were as many as 14 mining companies with the 2016-2019 observation year. The data analysis method used in this study is thepanel data regression analysis method. Dividend policy has a positive but insignificant effect on stock price volatility in mining companies on the Indonesia Stock Exchange. Profit volatility has a positive but insignificant effect on the volatility of share prices in mining companies on the Indonesia Stock Exchange. Trading volume has a positive and significant effect on the volatility of share prices in mining companies on the Indonesia Stock Exchange. Exchange rates have a positive and significant effect on stock price volatility in mining companies on the Indonesia Stock Exchange. Interest rates have a positive and significant effect on the volatility of share prices in mining companies on the Indonesia Stock Exchange.

scholarly journals KEBIJAKAN DIVIDEN DAN VOLATILITAS HARGA SAHAM DI BURSA EFEK INDONESIA

2019 ◽  
Vol 7 (1) ◽  
pp. 01
Author(s):  
Sutandijo Sutandijo
Keyword(s):  
Firm Size ◽  
Significant Influence ◽  
Stock Price ◽  
Dividend Policy ◽  
Stock Exchange ◽  
Price Volatility ◽  
Stock Price Volatility ◽  
Earnings Volatility ◽  
Independent Variables ◽  
Asset Growth

This studyobjectiveistoexplorethe impact of dividendpolicy(that are dividendpayout ratioanddividendyield) on the investment risks reflected by thestock price volatilityforthe Indonesia capitalmarket (IDX). Following tothestudyofBaskin(1989),the multiple leastsquaresregressionmodelisused inthispaper. Also, following Baskin (1989), other four independent variables namely firm size, asset growth, leverage and earnings volatility added to the model. The sample of data is comprisedof64public firms in the Kompas100 Index for 5 consecutive yearsfrom 2012 to 2016 of whicharelistedonthe Indonesia Stock Exchange (IDX).Theresultsindicatethatthedividendyield andthe dividend payout ratio do not have significant influence to the stock pricevolatility  In addition, firm size isnegatively relatedtothestockpricevolatility andithasastatistically significantrelationship. The result also indicate earnings volatility positively  has influence to the stock price volatility. But, as for leverage and asset growth the results are not statistically significant. As for a conclusion, the dividend policy of the firms listed in Indonesia Stock Exchange (IDX) is not effective to influencethestocks’risksoraffect investors’investment decisions. It seems that that firms needs a more stable and consistent dividend policy to effectively influence the stock price volatility in  Indonesia Stock Exchange (IDX).

scholarly journals DPR Sebagai Pemediasi Antara CAONS, DTAR, Dan GCG Pada Harga Saham

2021 ◽  
Vol 17 (1) ◽  
pp. 202-224
Author(s):  
Ainun Jariah
Keyword(s):  
Path Analysis ◽  
Stock Prices ◽  
Stock Price ◽  
Investment Decisions ◽  
Price Volatility ◽  
Share Price ◽  
Stock Price Volatility ◽  
Research Results ◽  
Share Prices ◽  
Dividend Policies

The company's performance projections are the focus of investors, especially investment decisions, funding decisions, and dividend policies, plus GCG which contribute to stock price volatility. The purpose of his research to detect the influence of CAONS, DTAR, and GCG individually and simultaneously on DPR and share prices, with DPR as a mediator. The number of samples 37 industry company registered on the BEI during 5 years since 2012. Analysis of data is path analysis and sobel tests for mediation variables. The research results explain that partially DTAR and GCG have a significant effect on DPR. but the share prices all three variables have no significant impact . Simultaneously CAONS, DTAR, and GCG have a significant impact on DPR and than no significant on share price. DPR has an effect and significant on share prices. Partially and simultaneously CAONS, DTAR, and GCG have no relationship to stock prices through DPR, and DPR is only able to mediate CAONS to stock prices. Keyword: CAONS, DTAR, GCG, DPR, and Stock Prices.

scholarly journals Analisis Leverage, Firm Size, Deviden Payout terhadap Stock Price Volatility Pada Perusahaan LQ45 di BEI Tahun 2015-2019

2021 ◽  
Vol 12 (1) ◽  
pp. 113
Author(s):  
Arna Suryani
Keyword(s):  
Firm Size ◽  
Stock Price ◽  
Stock Exchange ◽  
Linear Regression Analysis ◽  
Price Volatility ◽  
Company Size ◽  
Analysis Tool ◽  
Positive Contribution ◽  
Stock Price Volatility ◽  
Dividend Payout

This study examines and analyzes the effect of Leverage, Firm Size, Dividend Payout on Stock Price Volatility. This research was conducted on companies listed in the LQ45 index on the Indonesia Stock Exchange in 2015-2019. The sample was selected based on purposive sampling so that 27 sample companies were selected. Multiple linear regression analysis tool with classical assumption test and hypothesis testing. The results based on the analysis show that Leverage has a positive effect on Stock Price Volatility, while Company Size, Dividend Payout has a negative effect on Stock Price Volatility. This research can prove that the actions taken from the company's management can be seen from how the company should position the company's assets and liabilities as well as the distribution of dividends. This research is expected to make a positive contribution to all parties, especially investors in investing in the capital market while still paying attention to the level of leverage, company size and dividend payout ratio of the company to be invested.

scholarly journals The influence of CSR and corporate governance on the risk of share prices in banking in Indonesia

2020 ◽  
Vol 5 (02) ◽  
pp. 89
Author(s):  
Agnessa Britannia Paragina ◽  
Farah Margaretha Leon
Keyword(s):  
Corporate Governance ◽  
Social Responsibility ◽  
Multiple Regression ◽  
Stock Prices ◽  
Stock Price ◽  
Price Volatility ◽  
Share Price ◽  
Price Risk ◽  
Company Size ◽  
Stock Price Volatility

Abstract: This research was conducted to determine whether social responsibility and corporate governance actually have a significant effect on the risk of the company's stock price. The independent variable in this study is social responsibility and corporate governance, while the dependent variable is the risk of stock prices. There are four control variables in this study, namely company size, return on equity (ROE), earnings per share (EPS), and stock price volatility. This study collects data from 26 banking companies listed on the Indonesia Stock Exchange over a period of 5 years (2014-2018) and uses a multiple regression model for testing. The findings of this study indicate that social responsibility, company size, ROE, EPS, and stock price volatility have no significant effect on stock price risk. Meanwhile, corporate governance has a significant positive effect on stock price risk. The results of this research can be used to present a successful model for banking companies in Indonesia to concentrate more on social responsibility and corporate governance in mitigating their share price risk. All studies have used NCSKEW and DUVOL as measures of share price risk. In the novelty of this study, the Coefficient of Variation is used to measure the dependent variable so that the measurement can be distinguished from previous studies. Keywords: Banking Industry, Corporate Social Responsibility, Corporate Governance, Multiple Regression, Stock Price Risk

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