Pengaruh Ukuran Perusahaan, Volume Perdagangan Saham, Volatilitas Return Saham, dan Dividend Yield terhadap Bid-Ask Spread

Rio, Pebra Perdana; Husnatarina, Fitria; Oktavia, Rini

doi:10.37194/jpmb.v2i1.38

Cited by 3 publications

(4 citation statements)

References 1 publication

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“…The phenomenon of securities traded in the capital market can be detected from the transaction volume. The total quantity of securities traded during a specific period and the number of securities outstanding during that time are measured by volume activity (Rio et al, 2020). The large trading volume at the time of supply and demand for shares affects the tendency of the ups and downs of stock prices.…”

Section: Trading Volume Activitymentioning

confidence: 99%

Market Reactions to Dividends Announcement: An Event Study of Bris and BTPS

Amal,

Darmawan,

Lamondo

2023

JEBA

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Introduction: A dividend announcement is an information disclosed by a public company regarding the distribution of its corporate profits, whether in the form of dividends or retained earnings to strengthen the company in funding future investments. Dividend announcements might have either a positive or negative effect on the market. Methods: This quantitative research uses the event study method in the data collection period of 20 days, ten days before and ten days after the ex-dividend date. The analysis used is a descriptive statistical test, Shapiro-Wilk normality test, and hypothesis test. Results: The study results indicate that the market reaction is a change in the share price of PT. Bank Syariah Indonesia Tbk (BRIS), there is no significant difference between before and after the ex-dividend date but at PT. National Sharia Pension Savings Bank Tbk (BTPS) changes stock prices before and after the ex-dividend date, and there is a significant difference. Furthermore, for abnormal returns at PT. Bank Syariah Indonesia Tbk (BRIS) and PT. National Sharia Pension Savings Bank Tbk (BTPS) before and after the ex-dividend date, there is no significant difference, as well as the trading volume activity of PT. Bank Syariah Indonesia Tbk (BRIS) and PT. National Sharia Pension Savings Bank Tbk (BTPS) before and after the ex-dividend date, there is no significant difference. Conclusion and suggestion: This is because the dividend policy is not a factor of investor interest in investing in the company but is determined through the earning power of the company's assets

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Section: Trading Volume Activitymentioning

confidence: 99%

Market Reactions to Dividends Announcement: An Event Study of Bris and BTPS

Amal,

Darmawan,

Lamondo

2023

JEBA

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“…The bid-ask spread actually measures asymmetric information or asymmetric information between brokers and investors. Therefore, the bid-ask spread is very important to obtain information about asymmetric information in the capital market (Rio et al, 2020).…”

Section: Preliminarymentioning

confidence: 99%

“…Table1.649 and the value of Prob. 0.5268 > 0.05, it can be concluded that Ha is rejected, so it can be concluded that the Stock Return Volatility variable in this study has no effect on the Bid-Ask Spread.According to Husnan inRio et al (2020), an efficient investment is one that provides a certain risk with the greatest rate of return, or the highest level of return with the smallest risk. In other words, if there are two investment proposals that provide the same level of profit, but have different risks, a rational investor will choose an investment that has a smaller risk.…”

mentioning

confidence: 99%

The Effect Of Stock Price, Share Trading Volume And Stock Return Volatility On Bid-Ask Spread On Lq45 Companies Listed On Idx In 2019

Zatira

Alamsyah

Suharti

2022

Primanomics : Jurnal Ekonomi & Bisnis

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The purpose of this study was to determine the effect of stock prices, stock trading volume, and stock return volatility on the bid-ask spread on the LQ45 index of companies listed on the Indonesia Stock Exchange. The period used in this study is four quarters during 2019. The technique used in sampling is by using purposive sampling and obtained 32 companies. The data analysis technique used is multiple linear regression analysis. The results showed that partially the stock price had a negative and significant effect on the bid-ask spread as indicated by the t-count value of -3.964077 > t-table 1.649 and the value of Prob. 0.001 < 0.05 . The stock trading volume variable partially has no effect on the bid-ask spread as indicated by the t-count value of 0.177347 < t Table 1.649 and the value of Prob. 0.8595 > 0.05. Then the stock return volatility variable has no effect on the bid-ask spread as indicated by the t arithmetic value of 0.634639 < t Table 1.649 and the value of Prob. 0.5268 > 0.05. Simultaneously F-statistic 5.93433 > F Table 2.68 and the value of Prob (Fstatistic) 0.000814 <0.05, it can be concluded that the variables of Stock Price (X1), Stock Trading Volume (X2) and Stock Return Volatility (X3) jointly affect the Bid-Ask Spread (Y).

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“…Tingginya harga saham menunjukkan semakin kuatnya persaingan diantara para pelaku pasar. Ketatnya persaingan berpengaruh terhadap harga beli (bid) yang relatif naik dan harga jual (ask) yang relatif turun sehingga menyebabkan spread akan menyempit Volume perdagangan merupakan rasio dari keseluruhan lembar saham yang diperjual belikan pada suatu waktu dibandingkan dengan keseluruhan saham yang beredar waktu tersebut (Rio, Husnatarina and Oktavia, 2020). Investor lebih tertarik dengan saham yang memiliki return yang cukup tinggi meski mempunyai resiko.…”

Section: Pendahuluanunclassified

Analisis Bid Ask Spread Pada Masa Sesudah Right Issue Ditinjau Dari Harga Saham, Volume Perdagangan Dan Return Saham

Yeni

Putri

Elfiswandi

et al. 2021

JIMT

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Salah satu hal yang perlu diperhatikan investor dalam perdagangan saham adalah bid ask spread terutama bagi investor yang berharap menerima capital gain atas investasinya, hal ini dikarenakan dianggap merupakan biaya dalam perdagangan saham. Tujuan penelitian ini adalah untuk melihat sejauh mana harga saham, volume perdagangan dan return saham mempengaruhi bid ask spread. Populasi dari penelitian yaitu seluruh perusahaan yang terdaftar di Bursa Efek Indonesia tahun 2015-2019 yaitu 714 perusahaan dengan jumlah sampel 41 perusahaan. Penarikan sampel menggunakan metode purposive sampling dengan kriteria yang telah ditetapkan. Analisis data menggunakan regresi linier berganda dengan aplikasi program eviews 9. Temuan dari penelitian ini bahwa harga saham berpengaruh negatif dan signifikan terhadap bid ask spread sedangkan volume perdagangan berpengaruh positif dan signifikan terhadap bid ask spread dan return saham tidak berpengaruh signifikan terhadap bid ask spread.

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Pengaruh Ukuran Perusahaan, Volume Perdagangan Saham, Volatilitas Return Saham, dan Dividend Yield terhadap Bid-Ask Spread

Cited by 3 publications

References 1 publication

Market Reactions to Dividends Announcement: An Event Study of Bris and BTPS

Market Reactions to Dividends Announcement: An Event Study of Bris and BTPS

The Effect Of Stock Price, Share Trading Volume And Stock Return Volatility On Bid-Ask Spread On Lq45 Companies Listed On Idx In 2019

Analisis Bid Ask Spread Pada Masa Sesudah Right Issue Ditinjau Dari Harga Saham, Volume Perdagangan Dan Return Saham

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