International Journal of Contemporary Accounting
Vol. 4 No. 2 (2022): December

FACTORS THAT DETERMINE STOCK RETURNS MODERATED BY STOCK TRADING VOLUME IN MANUFACTURING COMPANIES LISTED ON THE INDONESIAN STOCK EXCHANGE FOR THE 2017-2021 PERIOD

Siti Rahmi Hidayatullah (Universitas Putra Indonesia YPTK, Padang)
Elfiswandi Elfiswandi (Master of Management Program, Faculty of Economic and Business Putra Indonesia University “YPTK” Padang, West Sumatera, Indonesia)
Zefri Yenni (Master of Management Program, Faculty of Economic and Business Putra Indonesia University “YPTK” Padang, West Sumatera, Indonesia)



Article Info

Publish Date
12 Dec 2022

Abstract

This research is motivated by the movement of the average stock return in manufacturing companies that are fluctuating or unstable. This study aims to determine and analyze the effect of return on assets, current ratio, earnings per share on stock returns with stock trading volume as a moderating variable in manufacturing companies listed on the Indonesia Stock Exchange for the 2017-2021 period. This study is a quantitative study with a total population of all manufacturing companies listed on the Indonesia Stock Exchange for the 2017-2021 period with a total of 191 companies. The sampling technique of this research is purposive sampling technique with a total sample of 56 manufacturing companies listed on the IDX. The research data is secondary data in the form of financial reports which are accessed through the official website of the IDX (www.idx.co.id). This study was analyzed through MRA (Moderated Analysis Regression) analysis using Eviews 9. The results of this study found that return on assets, current ratio, and earnings per share partially had a significant effect on stock returns in manufacturing companies listed on the Indonesia Stock Exchange (IDX). period 2017-2021. The results of the Moderated Regression Analysis (MRA) test show that stock trading volume (TVA) moderates the effect of the current ratio on stock returns, but stock trading volume (TVA) cannot moderate the effect of return on assets and earnings per share on stock returns in manufacturing companies. listed on the Indonesia Stock Exchange (IDX) for the period 2017-2021.

Copyrights © 2022






Journal Info

Abbrev

ijca

Publisher

Subject

Economics, Econometrics & Finance

Description

The International Journal of Contemporary Accounting is an international, peer-reviewed, and research published by the Lembaga Penerbit Fakultas Ekonomi dan Bisnis, Universitas Trisakti, or Economics and Business Publishing Institution, Faculty of Economics and Business, Trisakti University. IJCA ...