Analisis Analisis Ratio Free Float, Risiko Likuiditas, dan Risiko Keuanganpada Return Saham Indeks IDXV 30 Tahun 2020-2021
Anggit Anggrahito1, Nekky Rahmiyati2 Fakultas Ekonomi Universitas 17 Agustus 1945 Surabaya anggitanggrahito90@gmail.com 1, nekky@untag-sby.ac.id 2
Abstract
The objective of this research is to investigate how three factors impact the outcome, namely free float ratio, liquidity risk, and ï¬nancial risk on the stock returns of the IDXV 30 index in 2020-2021. The information utilized in this research were acquired as secondary data from IDX during the period of January 2020 to December 2021. The technique utilized for analyzing the data was multiple linear regression. The results of the study indicate that there is a simultaneous effect between free float ratio, liquidity risk, and ï¬nancial risk on stock returns in the IDXV 30 index in 2020-2021. This study also shows that liquidity risk has a greater influence on stock returns than free float ratio and ï¬nancial risk inthe IDXV 30 index in 2020. The results of this study can provide important contributions to investors in making investment decisions in the IDXV 30 index in 2020-2021. Investors canpay attention to liquidity risk as one of the factors that can affect the stock returns of the IDXV 30 index. Furthermore, this study can also serve as a reference for future researchers in developing research on the influence of certain factors on stock returns of the index.
References
Khan, M. Y., & Jain, P. K. (2017). Ratio Analysis for Investors: A Practical Guide to Analysing Stocks. McGraw Hill Education.
Li, X., Liu, Y., & Zhang, L. (2020). Liquidity risk and corporate cash holdings. Journal of Corporate Finance, 60, 101555.
Bollen, N. P., & Whaley, R. E. (2004). Does net buying pressure affect the shape of implied volatility functions?. Journal of Finance, 59(2), 711-753.
Brown, S. J., & Cliff, M. T. (2004). Investor sentiment and the near-term stock market.
Journal of Empirical Finance, 11(1), 1-27.
Altman, E. I. (1968). Financial ratios, discriminant analysis and the prediction of corporate bankruptcy. The Journal of Finance, 23(4), 589-609.
Merton, R. C. (1974). On the pricing of corporate debt: The risk structure of interest rates.
The Journal of Finance, 29(2), 449-470.
Fama, E. F., & French, K. R. (1992). The cross-section of expected stock returns. The Journal of Finance, 47(2), 427-465.
Sharpe, W. F. (1964). Capital asset prices: A theory of market equilibrium under conditions of risk. The Journal of Finance, 19(3), 425-442.
Kassim, S. H., Masih, M., & Masih, A. M. (2014). Do diversiï¬ed conglomerates have hidden advantages? Evidence from affiliated ï¬rms in Indonesia. Economic Modelling, 43, 381- 390.
Gunawan, H., & Purwanto, E. (2016). Portfolio optimization of IDX30 using mean-variance method. International Journal of Business and Society, 17(S1), 1-14.
Ramadhan, A. A., Kurniawan, D. A., & Handayani, T. (2017). Pengaruh rasio likuiditas, rasio proï¬tabilitas, rasio solvabilitas, dan rasio aktivitas terhadap harga saham perusahaan manufaktur di Bursa Efek Indonesia. Jurnal Pendidikan Ekonomi Dan Bisnis (JPEB), 5(2), 104-120.
Iswanto, A., Nofriansyah, & Winarno, W. W. (2017). Analisis faktor-faktor yang mempengaruhi risiko pasar saham di Indonesia. Jurnal Ilmu Manajemen Dan Akuntansi Terapan (JIMAT), 8(2), 118-129.
Darwanto, D., Sari, I. P., & Suhardjanto, D. (2020). Pengaruh rasio keuangan terhadap risiko saham pada perusahaan manufaktur di Indonesia. Jurnal Akuntansi Dan Keuangan Indonesia, 17(2), 113-130.
This work is licensed under a Creative Commons Attribution 4.0 International License.
This work is licensed under a Creative Commons Attribution 4.0 International License