Determinants of stock return in 10 biggest market capitalization on the indonesian stock exchange
Several research results on the capital market in Indonesia fall into the category of market efficiency in the weak form, so the results of previous research do not reflect the theory of capital market efficiency in the strong form. The purpose of this research is to analyze and answer the existence...
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| Format: | Article |
| Language: | English |
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Indonesian Institute for Counseling, Education and Therapy (IICET)
2024-06-01
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| Series: | JPPI (Jurnal Penelitian Pendidikan Indonesia) |
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| Online Access: | https://jurnal.iicet.org/index.php/jppi/article/view/4150 |
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| author | Sri Yanthy Yosepha Kampono Imam Yulianto Zulfitra Zulfitra Sahroni Sahroni Luqman Hakim |
| author_facet | Sri Yanthy Yosepha Kampono Imam Yulianto Zulfitra Zulfitra Sahroni Sahroni Luqman Hakim |
| author_sort | Sri Yanthy Yosepha |
| collection | DOAJ |
| description | Several research results on the capital market in Indonesia fall into the category of market efficiency in the weak form, so the results of previous research do not reflect the theory of capital market efficiency in the strong form. The purpose of this research is to analyze and answer the existence of inconsistencies in the results of previous research as well as the phenomenon of stock returns which are not as described in capital market theory in strong form. This is what prompted researchers to do it again using different time series and cross-sectional data. This type of research is quantitative descriptive with a panel data multiple regression analysis method using 10 sample companies that are members of 50 large capitalization companies for 7 years. This research formula is to maximize the Stock Return value through leverage as an intervening variable using research objects of companies on the Indonesia Stock Exchange. Two research models are integrated into one and each goes through a model selection test stage, namely the Chow Test, Hausman Test, and Lagrange Multiplier Test using the eviews12 application. The results of this research explain that increasing ROA can have an impact on reducing Leverage (DER) and through DER it can explain the impact on Stock Returns, but ROA cannot directly explain Stock Returns. It is hoped that these results can help as a guide for investors to get maximum Stock Returns. |
| format | Article |
| id | doaj-art-3e9b753a387c462f93a8ad5431328734 |
| institution | Kabale University |
| issn | 2477-8524 2502-8103 |
| language | English |
| publishDate | 2024-06-01 |
| publisher | Indonesian Institute for Counseling, Education and Therapy (IICET) |
| record_format | Article |
| series | JPPI (Jurnal Penelitian Pendidikan Indonesia) |
| spelling | doaj-art-3e9b753a387c462f93a8ad54313287342025-01-27T12:35:03ZengIndonesian Institute for Counseling, Education and Therapy (IICET)JPPI (Jurnal Penelitian Pendidikan Indonesia)2477-85242502-81032024-06-0110279079810.29210/0202441502061Determinants of stock return in 10 biggest market capitalization on the indonesian stock exchangeSri Yanthy Yosepha0Kampono Imam Yulianto1Zulfitra Zulfitra2Sahroni Sahroni3Luqman Hakim4Universitas Dirgantara Marsekal SuryadarmaInstitut Bisnis dan Informatika Kosgoro 1957Universitas Pamulang – TangerangUniversitas Pamulang – TangerangUniversity of Persada Indonesia Y.A.I - JakartaSeveral research results on the capital market in Indonesia fall into the category of market efficiency in the weak form, so the results of previous research do not reflect the theory of capital market efficiency in the strong form. The purpose of this research is to analyze and answer the existence of inconsistencies in the results of previous research as well as the phenomenon of stock returns which are not as described in capital market theory in strong form. This is what prompted researchers to do it again using different time series and cross-sectional data. This type of research is quantitative descriptive with a panel data multiple regression analysis method using 10 sample companies that are members of 50 large capitalization companies for 7 years. This research formula is to maximize the Stock Return value through leverage as an intervening variable using research objects of companies on the Indonesia Stock Exchange. Two research models are integrated into one and each goes through a model selection test stage, namely the Chow Test, Hausman Test, and Lagrange Multiplier Test using the eviews12 application. The results of this research explain that increasing ROA can have an impact on reducing Leverage (DER) and through DER it can explain the impact on Stock Returns, but ROA cannot directly explain Stock Returns. It is hoped that these results can help as a guide for investors to get maximum Stock Returns.https://jurnal.iicet.org/index.php/jppi/article/view/4150earnings per-share, return on assets, debt to equity ratio, stock return |
| spellingShingle | Sri Yanthy Yosepha Kampono Imam Yulianto Zulfitra Zulfitra Sahroni Sahroni Luqman Hakim Determinants of stock return in 10 biggest market capitalization on the indonesian stock exchange JPPI (Jurnal Penelitian Pendidikan Indonesia) earnings per-share, return on assets, debt to equity ratio, stock return |
| title | Determinants of stock return in 10 biggest market capitalization on the indonesian stock exchange |
| title_full | Determinants of stock return in 10 biggest market capitalization on the indonesian stock exchange |
| title_fullStr | Determinants of stock return in 10 biggest market capitalization on the indonesian stock exchange |
| title_full_unstemmed | Determinants of stock return in 10 biggest market capitalization on the indonesian stock exchange |
| title_short | Determinants of stock return in 10 biggest market capitalization on the indonesian stock exchange |
| title_sort | determinants of stock return in 10 biggest market capitalization on the indonesian stock exchange |
| topic | earnings per-share, return on assets, debt to equity ratio, stock return |
| url | https://jurnal.iicet.org/index.php/jppi/article/view/4150 |
| work_keys_str_mv | AT sriyanthyyosepha determinantsofstockreturnin10biggestmarketcapitalizationontheindonesianstockexchange AT kamponoimamyulianto determinantsofstockreturnin10biggestmarketcapitalizationontheindonesianstockexchange AT zulfitrazulfitra determinantsofstockreturnin10biggestmarketcapitalizationontheindonesianstockexchange AT sahronisahroni determinantsofstockreturnin10biggestmarketcapitalizationontheindonesianstockexchange AT luqmanhakim determinantsofstockreturnin10biggestmarketcapitalizationontheindonesianstockexchange |