Indonesian Journal of Law and Economics Review
Vol 16 (2022): August

Effect of Foreign Flow, Stock Transaction Volume and Bid-Ask Spread on Stock Prices

Amaliasari Nurcahyani (Universitas Muhammadiyah Sidoarjo)
Herlinda Maya Kumala Sari (Universitas Muhammadiyah Sidoarjo)



Article Info

Publish Date
31 Aug 2022

Abstract

This study aims to determine the effect of foreign flow, stock transaction volume and bid-ask spread on stock prices. This research is a type of quantitative research and population collection and the sample of the research object is carried out using the purposive sampling method, namely pharmaceutical companies listed on the IDX during the 2018-2020 period. The type of data used in this study is secondary data taken from the annual reports of each company sourced from the Indonesia Stock Exchange website. The data analysis technique used panel data regression using Eviews 10. The results showed partially that the Foreign Flow variable did not have a significant effect on the Stock Price, the Stock Transaction Volume had a significant positive effect on the Stock Price and the Bid-Ask Spread had a significant negative effect on the Stock Price. . Meanwhile, simultaneously all independent variables have a significant effect on stock prices.

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Journal Info

Abbrev

ijler

Publisher

Subject

Economics, Econometrics & Finance Law, Crime, Criminology & Criminal Justice

Description

Indonesian Journal of Law and Economics Review (IJLER) is published by Universitas Muhammadiyah Sidoarjo four times a year. This journal provides immediate open access to its content on the principle that making research freely available to the public supports a greater global exchange of ...