PENGARUH COVID-19, VOLUME PERDAGANGAN, MARKET TO BOOK RATIO DAN KAPITALISASI PASAR TERHADAP RETURN SAHAM
Article Sidebar
Read Counter : 67
Download : 45
Main Article Content
Abstract
This research aims at how the covid-19, trading volume, market to book ratio, and
market capitalization toward stock return on sector transportation, telecommunication,
and mining listed on the Indonesia Stock Exchange during 2020. The sample was
selected using purposive sampling method and the valid data was 140 companies. Data
processing techniques using multiple regression analysis and helped by Eviews 10
program and Microsoft Excel 2013. The results of this study indicate that the covid-19,
trading volume, and market capitalization have a significant influence on stock return.
While market capitalization does not influence stock return. The implication of this
study is the need to increase the value of trading volume and market capitalization by
maintaining the quality of the company during a pandemic so that it can provide a good
signal for investors.
Article Details
This work is licensed under a Creative Commons Attribution-NonCommercial-ShareAlike 4.0 International License.
This work is licensed under a Jurnal Komunikasi Creative Commons Attribution-ShareAlike 4.0 International License.
References
Adil, H. U. (2016). Dasar-Dasar Hukum Bisnis. Jakarta: Mitra Wacana Media.
Amoa-Gyarteng, K. (2021). Corporate Financial Distress: The Impact of Profitability,
Liquidity, Asset Productivity, Activity and Solvency. Journal of Accounting,
Business and Management (JABM), 28(2), 104-115.
Atika, G. A., AW, J., & Kholis, A. (2020). Pengaruh Likuiditas, Profitabilitas,
Leverage, Gcg, Dan Ukuran Perusahaan Terhadap Financial Distress Perusahaan
Aneka Industri di BEI 2016-2018. Prosiding WEBINAR Fakultas Ekonomi Unimed
“Strategi Dunia Usaha Menyikapi Status Indonesia Sebagai Negara Maju: Pra dan
Pasca Covid-19”, 86-101.
Azhar, N.I.H., Lokman, N., Alam, M.M., & Said, J. (2021). Factors Determining Z
score and Corporate Failure in Malaysian Companies. International Journal of
Economics and Business Research, 21(3), 370-386.
Bae, S. M., Masud, M. A. K., & Kim, J. D. (2018). A cross-country investigation of
corporate governance and corporate sustainability disclosure: A signaling theory
perspective. Sustainability, 10(8), 1-16.
Chistian, N., & Fauziah, F. (2017). Faktor-Faktor Penahanan Dana (Cash
Holding). Global Financial Accounting Journal, 1(1), 13-24.
Christella, C., & Osesoga, M. S. (2019). Pengaruh Leverage, Profitabilitas, Kepemilikan
Institusional,
Likuiditas,
Dan Ukuran Perusahaan Terhadap Financial
Distress. Ultima Accounting: Jurnal Ilmu Akuntansi, 11(1), 13-31.
Dirman, A. (2020). Financial Distress: The Impacts of Profitability, Liquidity,
Leverage, Firm Size, and Free Cash Flow. International Journal of Business,
Economics and Law, 22(1), 17-25.
Hanafi, M. M., & Halim, A. (2016). Analisis Laporan Keuangan. Yogyakarta: UPP
STIM YKPN.
Hery. (2017). Teori Akuntansi: Pendekatan Konsep dan Analisis. Jakarta: PT Grasindo.
Isayas, Y. N. (2021). Financial Distress and Its Determinants: Evidence From Insurance
Companies In Ethiopia. Cogent Business & Management, 8(1), 1-16.
Jensen, M. C. & Meckling, W. H. (1976). Theory of the Firm: Managerial Behavior,
Agency Costs and Ownership Structure. Journal of Financial Economics 3, 305
Kartika, T. P. D. (2018). Impact Of Financial Ratio on Financial Distress in Indonesia
Manufacturing Companies. International Journal of Research Science &
Management, 5(9), 93–100.
Kasmir. (2017). Analisis Laporan Keuangan. Jakarta: PT. RajaGrafindo Persada.
Khotimah, K., & Yuliana, I. (2020). Pengaruh Profitabilitas Terhadap Prediksi
Kebangkrutan (Financial Distress) dengan Struktur Modal sebagai Variabel
Moderating. Forum Ekonomi, 22(1), 37-43.
fKurniasih, A., Sumarto, A. H., Setyawasih, R., & Pujihastuti, I. (2020). Determinant of
Financial Distress: The Case of Pulp & Paper Companies Registered in Indonesia
Stock Exchange. Jurnal Manajemen & Agribisnis, 17(3), 254-264.
Oktavianti, B., Hizazi, A., & Mirdah, A. (2020). Pengaruh Likuiditas, Profitabilitas,
Leverage dan Ukuran Perusahaan Terhadap Financial Distress pada Perusahaan
Pertambangan yang Terdaftar di Bursa Efek Indonesia Periode Tahun 2015
Jambi Accounting Review (JAR), 1(1), 20-34.
Panda, B., & Leepsa, N. M. (2017). Agency theory: Review of Theory and Evidence on
Problems and Perspectives. Indian Journal of Corporate Governance, 10(1), 74-95.
Purnama, D. (2017). Pengaruh Profitabilitas, Leverage, Ukuran Perusahaan,
Kepemilikan Institusional dan Kepemilikan Manajerial Terhadap Manajemen Laba.
Jurnal Riset Keuangan Dan Akuntansi, 3(1), 1-14.
Runis, A., Arifin, D. S., Masud, A., & Kalsum, U. (2021). The Influence of Liquidity,
Leverage, Company Size and Profitability on Financial Distress. International
Journal of Business and Social Science Research, 2(6), 11-17.
Sopian, D., & Rahayu, W. P. (2017). Pengaruh Rasio Keuangan dan Ukuran Perusahaan
Terhadap Financial Distress (Studi Empiris pada Perusahaan Food and Beverage di
Bursa Efek Indonesia). Competitive Jurnal Akuntansi Dan Keuangan, 1(2).
Surdayanti, D., & Dinar, A. (2019). Analisis Prediksi Kondisi Kesulitan Keuangan
dengan Menggunakan Rasio Likuiditas, Profitabilitas, Financial Leverage, dan
Arus Kas. Jurnal Ilmiah Bisnis dan Ekonomi Bisnis, 13(2), 101-110.
Susilowati, P., & Fadlillah, R. (2019). Faktor-Faktor yang Mempengaruhi Financial
Distress pada Perusahaan Manufaktur di Indonesia. Jurnal AKSI (Akuntansi Dan
Sistem Informasi), 4(1), 19-28.
Sutra, F. M., & Mais, R. G. (2019). Faktor-Faktor yang Mempengaruhi Financial
Distress dengan Pendekatan Altman Z-Score pada Perusahaan Pertambangan yang
Terdaftar di Bursa Efek Indonesia Tahun 2015-2017. Jurnal Akuntansi dan
Manajemen, 16(01), 34-72.
Wesa, E. W., & Otinga, H. N. (2018). Determinants of Financial Distress Among Listed
Firms At The Nairobi Securities Exchange, Kenya. Strategic Journal of Business
and Change Management, 5(4), 1057-1073.
Weygandt, J. J., Kimmel, P. D., & Kieso, D. E. (2019). Financial Accounting.
Hoboken: John Wiley & Sons.