Faktor yang Mempengaruhi Holding Period Saham pada Indeks Kompas 100 Tahun 2015-2018

Yohana Dwi Gita Sirait, Eka Yulianti

Abstract


This study aims to determine the effect of Bid-Ask Spread, Market Value, Earning Per Share, and Return On Assets Against Stock Holding Period (Study on Kompas 100 Index Shares Listed on Indonesia Stock Exchange in 2015-2018). The approach of the research method used is quantitative with descriptive and associative methods. The population in this study were 114 companies with a sample of 53 companies in order to obtain 212 observational data. The data analysis technique used is panel data regression analysis. The results of this study indicate that partially the bid-ask spread and market value have a positive effect on the holding period of shares, while the earnings per share and return on assets do not affect the holding period of shares. Simultaneously bid-ask spreads, market value, earnings per share, and return on assets affect the holding period of shares.


Keywords


Bid-Ask Spread; Earning Per Share; Market Value; Return On Asset

Full Text:

PDF (Indonesian)

References


Abi, F. P. P. (2016). Semakin Dekat dengan Pasar Modal Indonesia. Deepublish.

Al-fath, M. (2019). Analisis Pengaruh Inflasi, Earning Per Share, Market Value, Variance Return, dan Dividend Payout Ratio Terhadap Holding Period Saham (Doctoral dissertation, Skripsi, Universitas Muhammadiyah Magelang).

Argeni, W. A. (2018). Pengaruh Bid-Ask Spread, Market Value, Variance Return dan Dividend Payout Ratio terhadap Holding Period (Studi Pada Perusahaan yang Tercatat dalam Indeks LQ45 Tahun 2014. Repository Universitas Jember, 1-62.

Chung, S., & Wei, P. (2005). The relationship between bid-ask spreads and holding periods: The case of Chinese A and B shares. Global Finance Journal, 15(3 SPEC. ISS.), 239–249. https://doi.org/10.1016/j.gfj.2004.07.001

Clarasati, D. N., & Worokinasih, S. (2018). Pengaruh Bid Ask Spread, Market Value, Dan Dividend Payout Ratio Terhadap Holding Period Saham Biasa (Studi Pada Saham Indeks LQ-45 Periode 2014-2016). Jurnal Administrasi Bisnis (JAB)|Vol 60(2), 60(2), 48–55. http://administrasibisnis.studentjournal.ub.ac.id/index.php/jab/article/view/2505

Hasanah, A. N. (2016). Analisis Pengaruh Transaction Cost Terhadap Holding Period Saham-saham LQ45 di Bursa Efek Indonesia (BEI). Jurnal Akuntansi, 3(1), 1–13.

Ida Subaida, R. K. S. (2019). the Effect of Bid Ask Spread, Return Varians, Trade Volume, and Stock Price on Share Period. 3, 1–10.

Islamiah, R. (2018). Determinants of the Industrial Manufacturing Stock’s Holding Period. Journal of Islamic Economic Laws, 1(1), 99–125. https://doi.org/10.23917/jisel.v1i1.6357

Jogiyanto, H. (2017). Teori Portofolio dan Analisis Investasi. Yogyakarta: BPFE UGM.

Karimov, A. (2017). Identifying Stock Market Bubbles: Modeling Illiquidity Premium and Bid-Ask Prices of Financial Securities. Springer.

Mustakim, F. S., Maslichah, M., & Junaidi, J. (2018). Analisis Pengaruh Bid-Ask Spread, Market Value, Variance Return Dan Dividend Payout Ratio Terhadap Holding Period Saham Biasa Pada Perusahaan Pertambangan Yang Terdaftar Di Bei Tahun 2015-2017. Jurnal Ilmiah Riset Akuntansi, 7(08).

Ningsih, T. (2017). Pengaruh Bid-Ask Spread, Market Value Dan Variance Return Terhadap Holding Period Saham Sektor Pertambangan Yang Listing Di Bursa Efek Indonesia (Bei) Tahun 2011-2015. Jurnal Ilmu Manajemen (JIM), 5(3).

Ratih, D., & Achadiyah, B. N. (2018). Pengaruh Bid-Ask Spread, Market Value dan Risk Of Return Terhadap Holding Period Saham (Studi pada Perusahaan Foods and Beverages yang Go Public di Bursa Efek Indonesia Tahun 2010-2012). Nominal, Barometer Riset Akuntansi Dan Manajemen, 7(1), 55–68. https://doi.org/10.21831/nominal.v7i1.19359

Safitri, A. M. (2018). Pengaruh ROA, ROE, dan NPM Terhadap Pertumbuhan Laba Pada Perusahaan Sektor Industri Barang Konsumsi Yang Terdaftar di Bursa Efek Indonesia. Jurnal Riset Bisnis dan Investasi, 4(1), 25-39.

Simanjuntak, T. A. (2018). Determinan Stock Holding Period (Studi pada Perusahaan Sektor Manufaktur di Bursa Efek Indonesia Periode 2013-2016). Jurnal Manajemen Bisnis Indonesia Edisi 4, 438.

Sudana, I. M. (2019). Manajemen Keuangan Perusahaan. Jakarta: Airlangga.

Tandelilin, E. (2017). Pasar Modal Manajemen Portofolio dan Investasi. Depok: Kanisius.

Utami, N. L. A. Y., & Sedana, I. B. P. (2016). Pengaruh Spread, Market Value, Variance Return Dan Dividend Payout Ratio Terhadap Holding Period Saham. Matrik : Jurnal Manajemen, Strategi Bisnis Dan Kewirausahaan, 10(2), 168. https://doi.org/10.24843/matrik:jmbk.2016.v10.i02.p07

Widiastuti, D. W. I., Ekonomi, F., & Yogyakarta, U. N. (2016). Pengaruh Market Value , Variance of Return Dan Earnings Per Share Terhadap Holding Period Pengaruh Market Value , Variance of Return Dan Earnings Per Share Terhadap Holding Period.

Wijanarko, N. A. (2018). Ananlisis Faktor yang Mempengaruhi Holding Period Saham Pada Perusahaan Go Public Yang Tercatat di Indeks LQ-45. Jurnal Manajemen Bisnis Indonesia (JMBI), 7(6), 635-646.

Winda Sari, E., & Abundanti, N. (2015). Determinan Penentu Holding Period Pada Indeks Lq45. E-Jurnal Manajemen Universitas Udayana, 4(12), 255221.




DOI: http://dx.doi.org/10.35448/jmb.v14i1.10199

Refbacks

  • There are currently no refbacks.


Copyright (c) 2021 Sains: Jurnal Manajemen dan Bisnis

Redaksi SAINS: Jurnal Manajemen dan Bisnis,

Fakultas Ekonomi dan Bisnis, Universitas Sultan Ageng Tirtayasa

Jl. Raya Palka KM 3 Sindangsari, Pabuaran, Kab. Serang, Provinsi Banten

Telp/Fax (+62254) 3204321

E-mail: jsm@untirta.ac.id

 

Creative Commons License

Sains: Jurnal Manajemen dan Bisnis is licensed under a Creative Commons Attribution-ShareAlike 4.0 International License.