Jurnal Ekonomi
Vol. 28 No. 2 (2023): July 2023

Analisis Faktor-Faktor yang Mempengaruhi Likuiditas Pasar Saham

Khairina Natsir (Economic and Business Faculty, Tarumanagara University, Jakarta Barat 11470, Indonesia)
Nurainun Bangun (Economic and Business Faculty, Tarumanagara University, Jakarta Barat 11470, Indonesia)
Alfredo Marthen Waani (Economic and Business Faculty, Tarumanagara University, Jakarta Barat 11470, Indonesia)



Article Info

Publish Date
10 Jul 2023

Abstract

The objective of this study is to obtain valid evidence regarding the individual effects of the variables Firm Value, earnings management, and stock risk on stock market liquidity. Stock Liquidity, Earning Management, Firm Value, and Stock Risk are measured respectively by Total Volume Activity, discretionary accrual model modified Jones, PBV, and Beta. Research in the form of causality. Samples were selected using a purposive technique. The data is extracted from the company's annual financial reports accessed from official sources. The samples were 16 companies from the infrastructure sub-sector manufacturing group listed on the IDX during the 2017-2021 period, so that 80 observation data were obtained. Multiple regression is used for data analysis, where the tests include multicollinearity tests, partial-t tests and coefficient of determination tests. The findings of this study show that Earning Management, Firm Value, and Stock Risk affect Stock Market Liquidity

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Journal Info

Abbrev

EJE

Publisher

Subject

Economics, Econometrics & Finance

Description

Jurnal Ekonomi [p-ISSN 0854-9842 : e-ISSN 2580-4901] is a peer-reviewed journal published three times a year (March, July, and November) by Faculty of Economics, Universitas Tarumanagara. Jurnal Ekonomi is intended to be the journal for publishing articles reporting the results of research on ...