Research Article
Determinants of Stock Returns on the Indonesian Stock Exchange
@INPROCEEDINGS{10.4108/eai.30-7-2019.2287602, author={Aminullah Assagaf and Meithiana Indrasari and Eddy Yunus}, title={Determinants of Stock Returns on the Indonesian Stock Exchange}, proceedings={Proceedings of the 1st Asian Conference on Humanities, Industry, and Technology for Society, ACHITS 2019, 30-31 July 2019, Surabaya, Indonesia}, publisher={EAI}, proceedings_a={ACHITS}, year={2019}, month={9}, keywords={financial management portfolio management risk management}, doi={10.4108/eai.30-7-2019.2287602} }- Aminullah Assagaf
Meithiana Indrasari
Eddy Yunus
Year: 2019
Determinants of Stock Returns on the Indonesian Stock Exchange
ACHITS
EAI
DOI: 10.4108/eai.30-7-2019.2287602
Abstract
This study aimed to analyze the factors that affect stock returns in the Indonesia Stock Exchange, by selecting a sample of 20 companies listed on the stock group LQ 45 with the observation in the last three years. Our research found that variable X2 liquidity or significant effect on stock return because this variable is considered very strategic in influencing smooth operations and financial performance. Other independent variables no significant effect on stock returns, mainly due to the decision of investors tend to be oriented on short-term margin trends. Changes to some of the key variables are not responded to by the investor, it is evident in the relatively small determinant coefficient,
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