Research Article
Stock Return Cases on High Performance Companies in Indonesia: Determinants and its Intervening
@INPROCEEDINGS{10.4108/eai.17-12-2022.2333291, author={Octojaya Abriyoso and Raja Hardiansyah and Surya Kusumah and Riska Susanti and F Fatahuddin}, title={Stock Return Cases on High Performance Companies in Indonesia: Determinants and its Intervening}, proceedings={Proceedings of the International Conference on Economic, Management, Business and Accounting, ICEMBA 2022, 17 December 2022, Tanjungpinang, Riau Islands, Indonesia}, publisher={EAI}, proceedings_a={ICEMBA}, year={2023}, month={6}, keywords={macroeconomics derivatives stock liquidity stock return}, doi={10.4108/eai.17-12-2022.2333291} }- Octojaya Abriyoso
Raja Hardiansyah
Surya Kusumah
Riska Susanti
F Fatahuddin
Year: 2023
Stock Return Cases on High Performance Companies in Indonesia: Determinants and its Intervening
ICEMBA
EAI
DOI: 10.4108/eai.17-12-2022.2333291
Abstract
The capital market is an important element in the distribution of financial capital, which occurs between providers of capital or investors (creditors) and those who need capital (debtors). For a long time academics and practitioners have been interested in how stock returns that have been listed on the capital market are influenced by various factors, both economic and non-economic. This economic activity is of course also influenced by other macro factors such as government policies, movements from foreign parties, Derivative activities and others and although it is still in the form of information or issues, any information that enters the market will certainly influence investment decisions. If there is any relevant new information entering the market related to an asset, this information will be used to analyze and interpret the value of the related asset. The data analysis method in this study uses quantitative analysis techniques. Inflation, GDP, BI Rate, Derivative Activity and Stock Liquidity each have a significant effect on Stock Return. This indicates that several macroeconomic variables and measures to protect companies from risk through derivative activities and stock liquidity play a very important role in changes in a company's Stock Return, and of course it will be a separate consideration for investors in determining which company to invest in, because it determines returns.
