PENGARUH IDIOSYNCRATIC RISK DAN LIKUIDITAS SAHAM TERHADAP RETURN SAHAM
| Main Author: | Murhadi, Werner Ria |
|---|---|
| Format: | Article PeerReviewed application/pdf |
| Terbitan: |
Universitas Kristen Petra Surabaya
, 2013
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| Subjects: | |
| Online Access: |
http://repository.ubaya.ac.id/20911/1/werner%20IR%202012.pdf http://repository.ubaya.ac.id/20911/ |
Daftar Isi:
- This study aimed to examine the effect of idiosyncratic risk and liquidity of shares on stock return. The study used data of 50 companies listed on the Indonesia Stock Exchange 2009-2011 period. The independent variable in this study is 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 obtained results: idiosyncratic risk has a significant negative effect on stock returns, liquidity of the shares have significant positive and significant negative effect of firm size. This implies 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. Keywords: idiosyncratic risk, stock liquidity and stock return