Determinasi Faktor Yang Mempengaruhi Beta Saham Dengan Der Sebagai Variabel Moderating

Bachri, Khamidatuzzuhriyah Syamsul

doi:10.21009/wahana.15.011

Cited by 3 publications

(8 citation statements)

References 2 publications

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“…Using the modified Fama & MacBeth (1973) model, research by Pettengill et al, (1995) in the context of the US capital market concluded that stock beta has a significant positive effect on realized returns. This is consistent with the findings of research by Fletcher (1997) in the UK context, Elsas et al, (2003) in Germany, Jagannathan & Wang (1996) in Taiwan, as well as (Awaluddin et al, 2019;Azhari et al, 2020;Syamsul Bachri, 2020) in the context of the Indonesian capital market, which found that stock beta has a positive effect on stock return.…”

Section: Beta and Stock Returnsupporting

confidence: 92%

“…However, the direct influence of beta on stock return is not significant. This finding aligns with the studies conducted by Choudhary & Choudhary S, 2010;Surjandari &Wati, 2020, andSeptiani &Supadmi (2014), but contradicts the research by Awaluddin et al, 2019;Elsas et al, 2003;Fletcher, 1997;Jagannathan & Wang, 1996;Pettengill et al, 1995;Syamsul Bachri, 2020 andAzhari et al, (2020). Furthermore, the statistical analysis reveals a negative correlation or a weakening effect of green image on the relationship between beta and stock return at a significance level of 5%.…”

Section: Discussionsupporting

confidence: 67%

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Moderating Effect of Green Image: The Influence of Beta on Stock Return

Sailendra

2023

J. Bus. Manag. Econ. Development.

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This study aims to analyze the influence of green image on beta and stock return by considering the moderating effect of green image. The research sample consists of 44 proper companies listed in the Indonesia Stock Exchange (IDX) from 2018 to 2022, with a total of 220 year-observations. The study was analyzed using SEM-PLS statistics. The results indicated that green image does not have a significant impact on stock returns but shows a positive directional relationship. Similarly, beta also has no significant effect on stock returns but shows a positive relationship. As a moderating variable, green image moderates the effect of beta on stock returns in a negative direction. This study concludes that companies with a weak green image tend to experience a decrease in stock returns, and vice versa. In this case, green image acts as a moderating factor that affects the strength of the relationship between beta and stock returns. The findings of this study have important implications for practitioners and decision makers in evaluating and improving corporate image related to environmental issues. In addition, this study contributes to the academic literature in the accounting, finance and sustainability by providing a better understanding of the relationship between green image, beta, stock returns, and relevant moderating factors.

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Section: Beta and Stock Returnsupporting

confidence: 92%

Section: Discussionsupporting

confidence: 67%

Moderating Effect of Green Image: The Influence of Beta on Stock Return

Sailendra

2023

J. Bus. Manag. Econ. Development.

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“…Perusahaan yang berkembang tersebut dalam keadaan baik, sehingga semakin besar asset growth risiko akan semakin besar juga. Hal tersebut dapat dijadikan sinyal bagi investor dalam melakukan investasi (Khamidatuzzuhriyah (2020). H3: Diduga asset growth berpengaruh positif signifikan terhadap risiko sistematis.…”

Section: Pengaruh Asset Growth Terhadap Risiko Sistematisunclassified

“…Akibatnya, likuiditas yang hasilnya tidak signifikan terhadap risiko sistematis karena investor yang hendak berinvestasi pada perusahaan tertentu mempertimbangkan faktor ekonomi mikro dan makro. Hal ini mengindikasikan bahwa hal tersebut akan mempengaruhi return saham secara konstan tanpa mempengaruhi beta saham (Khamidatuzzuhriyah, 2020).…”

Section: Pengaruh Likuiditas (Cr) Terhadap Risiko Sistematisunclassified

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Faktor-Faktor Yang Mempengaruhi Risiko Sistematis Perusahaan Index Lq-45

Irana,

Damayanti

2023

J-MACC

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This study aims to prove the effect of leverage, liquidity, and asset growth on systematic risk in companies that are members of the LQ-45 index on the Indonesia Stock Exchange. The population used in this study is companies that are members of the LQ-45 index on the Indonesia Stock Exchange in 2017-2021. The sample selection technique uses purposive sampling. Data analysis technique using multiple linear regression analysis. The results of this study indicate that leverage has a significant positive effect on systematic risk, liquidity has an insignificant positive effect and asset growth has an insignificant negative effect on systematic risk of companies listed on the LQ-45 index on the Indonesia Stock Exchange. The value of Adjusted R² is 0.210, which means that 21% of the variation in the systematic risk of companies listed on the LQ-45 index on the Indonesia Stock Exchange can be explained by the three independent variables, namely leverage, liquidity and asset growth. While the remaining 79% is explained by other variables not examined in this study.

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Peran profitabilitas dalam memediasi leverage dan total asset turnover tehadap beta saham

Wahyuningsih¹,

Nabhan²

2022

J. Account. Digit. Financ.

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This study aims to determine the effect of leverage and total asset turnover on stock beta with profitability as an intervening variable in companies listed on the Jakarta Islamic Index 70 (JII70) for the 2018–2020 period with a sample of 38 companies taken based on purposive sampling technique. The analysis used includes descriptive tests, classical assumption tests, hypothesis testing, and path analysis. The results of the analysis show that the leverage variable has a significant positive effect on stock beta. while the variables of total asset turnover and profitability have no effect on stock beta. And in the path analysis, it is known that the effect of leverage and total asset turnover on stock beta cannot be mediated by the profitability variable.

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Determinasi Faktor Yang Mempengaruhi Beta Saham Dengan Der Sebagai Variabel Moderating

Cited by 3 publications

References 2 publications

Moderating Effect of Green Image: The Influence of Beta on Stock Return

Moderating Effect of Green Image: The Influence of Beta on Stock Return

Faktor-Faktor Yang Mempengaruhi Risiko Sistematis Perusahaan Index Lq-45

Peran profitabilitas dalam memediasi leverage dan total asset turnover tehadap beta saham

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