PENGARUH IDIOSYNCRATIC RISK DAN LIKUIDITAS SAHAM TERHADAP RETURN SAHAM
:
https://doi.org/10.9744/jmk.15.1.33-40Keywords:
Idiosyncratic Risk, Stock Liquidity, Stock ReturnAbstract
This study examined the effect of idiosyncratic risk and liquidity of shares on stock return. It used data of 50 companies on the Indonesia Stock Exchange 2009–2011 period. The independent variable was the idiosyncratic risk and the liquidity of the shares, as well as control variables such as firm size. Using panel data and pooled least square, result show that idiosyncratic risk had a significant negative effect on stock return, liquidity of the shares had significant positive and significant negative effect of firm size. This means that firms with small idiosyncratic risk that small investors will be preferred, so the demand from individuals and institutions simultaneously will push stock prices and provide a higher return.Downloads
How to Cite
R. Murhadi, W. (2013). PENGARUH IDIOSYNCRATIC RISK DAN LIKUIDITAS SAHAM TERHADAP RETURN SAHAM. Jurnal Manajemen Dan Kewirausahaan, 15(1), 33-40. https://doi.org/10.9744/jmk.15.1.33-40
Issue
Section
Articles
License
Authors who publish on this journal agree to the following terms:
- Authors retain copyright and grant the journal right of first publication with the work simultaneously licensed under a Creative Commons Attribution License that allows others to share the work with an acknowledgement of the work's authorship and initial publication in this journal.
- Authors are able to enter into separate, additional contractual arrangements for the non-exclusive distribution of the journal's published version of the work (e.g., post it to an institutional repository or publish it in a book), with an acknowledgement of its initial publication in this journal.
- Authors are permitted and encouraged to post their work online (e.g., in institutional repositories or on their website) prior to and during the submission process, as it can lead to productive exchanges, as well as earlier and greater citation of published work (See The Effect of Open Access).