Analisis Pengaruh Bid Ask Spread, Market Value dan Earning Per Share Terhadap Holding Period Saham Perusahaan LQ45 di Bursa Efek Indonesia
Abstract
This study aims to determine and prove the effect of bid-ask spread, market value, and earnings per share on the holding period of LQ45 company shares on the Indonesia Stock Exchange. The population in this study were companies listed on the LQ45 Index from 2017 to 2019. A sample of 30 companies with a total of 90 data was determined by purposive sampling technique. The analysis technique used in this research is multiple linear regression. The data used in this study are closing price, number of outstanding shares, stock trading volume, and bid and ask prices. The results of the Adjusted R2 study indicate that holding period variations can be explained by three variables, namely bid-ask spread, market value and earnings per share. The results of the t test show that the bid-ask spread variable has a positive and significant effect on the holding period, market value has a negative and insignificant effect and earnings per share has a negative and significant effect on the holding period. The three results have been tested with a significance of = 5% and the most influential on the holding period is earnings per share. From the results of the F test, there is evidence that the bid-ask spread, market value and earnings per share simultaneously have an effect on the holding period of the stock.
Downloads
Published
How to Cite
Issue
Section
License
Authors who publish with this journal agree to the following terms:
- Authors retain copyright and grant the journal right of first publication with the work simultaneously licensed under Creative Commons Attribution 4.0 International License that allows others to share the work with an acknowledgment of the work's authorship and initial publication in this journal.
- Authors are able to enter into separate, additional contractual arrangements for the non-exclusive distribution of the journal's published version of the work (e.g., post it to an institutional repository or publish it in a book), with an acknowledgment of its initial publication in this journal.
- Authors are permitted and encouraged to post their work online (e.g., in institutional repositories or on their website) prior to and during the submission process, as it can lead to productive exchanges, as well as earlier and greater citation of published work (Refer to The Effect of Open Access).