Article Per Year (5 Year)
p-Index From 2019 - 2024
0.23
P-Index
This Author published in this journals
All Journal Jurnal Keuangan dan Perbankan
Pardomuan Sihombing
Polytechnic of State Finance STAN Jl. Bintaro Utama Sektor V, Bintaro Jaya, Tangerang, 15222
Economics, Econometrics & Finance

Published : 1 Documents Claim Missing Document
Claim Missing Document
Check
Articles

Found 1 Documents
Search

 1 
The determinants of idiosyncratic volatility in Indonesia banking industries Amrie Firmansyah; Pardomuan Sihombing; Sri Yani Kusumastuti
Jurnal Keuangan dan Perbankan Vol 24, No 2 (2020): April 2020
Publisher : University of Merdeka Malang

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (629.949 KB) | DOI: 10.26905/jkdp.v24i2.3851

Abstract

This study aims to examine the determinants of idiosyncratic volatility. This study uses firm fundamentals, institutional ownership, interest rates as idiosyncratic volatility determinants. The firm fundamentals of this study are represented by firm size, profitability, operating performances, dividend policy, and price to earnings ratio. Institutional ownership represents the ownership of the company’s shares by financial companies. The interest rates are represented by 3-month bank deposit rates for one year. The research method uses a quantitative approach with secondary data. Hypothesis examining is conducted by panel data regression analysis. By using a purposive sampling method, the company selected is 24 banking sector companies with observation time from 2012 up to 2018. Thus, the total sample in this research amounted to 168 firm-year. The result of the study suggests that firm size, price-earnings ratio, dividend policy, profitability, and interest rates are negatively associated with idiosyncratic volatility. However, operating performance and institutional ownership are not associated with idiosyncratic volatility.JEL Classification: E43, G21, G32 How to Cite:Firmansyah, A., Sihombing, P., Kusumastuti, S. Y. (2020). The determinants of idiosyncratic volatility in Indonesia banking industries. Jurnal Keuangan dan Perbankan, 24(2), 175-188.DOI: https://doi.org/10.26905/jkdp.v24i2.3851
Co-Authors Amrie Firmansyah Sri Yani Kusumastuti