Free Float Dan Likuiditas Pasar Di Bursa Efek Indonesia

Fitriani, Deuis (2020) Free Float Dan Likuiditas Pasar Di Bursa Efek Indonesia. Magister thesis, Universitas Brawijaya.

Abstract

Penelitian ini bertujuan untuk menginvestigasi pengaruh free float terhadap likuiditas pasar di Bursa Efek Indonesia, sebagai bukti efektifitas regulasi/peraturan Nomor: Kep-0001/BEI/01-2014. Penelitian ini melibatkan sejumlah variabel kendali yang secara bersama-sama menentukan likuiditas pasar, yaitu stock price, firm size, stock return, price to book value, earning per share, dan price to earnings ratio. Analisis dilakukan terhadap data arsip yang bersumber dari idx.co.id meliputi perusahaan manufaktur yang tercatat pada periode 2014-2018. Hasil penelitian menunjukkan bahwa free float mempunyai pengaruh positif terhadap likuiditas pasar Bursa Efek Indonesia (BEI). Kontribusi free float terjadi bersama dengan variabel kendali firm size dan price to book value, sedangkan variabel kendali lainnya tidak memengaruhi. Hasil ini menegaskan bahwa informasi tentang free float merupakan satu hal yang menjadi pertimbangan dalam keputusan investasi pasar modal, dan sekaligus menjadi bukti empiris efektifitas regulasi tersebut di atas.

English Abstract

The aim of this study is to investigate the effect of free float toward market liquidity of the Indonesia Stock Exchange (IDX), as evidence for the effectiveness of the implementation of Regulation Number Kep-0001/BEI/01-2014. This study involved a number of control variables, which consist of stock price, firm size, stock return, price to book value, earnings per share, and price to earnings ratio. These simultaneously determine market liquidity. Analysis was carried out on the archival data taken from idx.co.id, covering manufacturer companies that had been recorded in the period from 2014-2018. The results showed that free float had a positive influence on the liquidity of the Indonesia Stock Exchange. The contribution of free float occurred together with control variables of firm size and price to book value, while the other control variables had no effect. These results confirm that information about free float is one consideration that may be regarded in deciding capital market investment, and this becomes empirical evidence of the effectiveness of the above regulation.

Other obstract

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Item Type: Thesis (Magister)
Identification Number: 0420020007
Uncontrolled Keywords: Free float, likuiditas pasar, Bursa Efek Indonesia,
Subjects: 300 Social sciences > 332 Financial economics > 332.6 Investment > 332.63 Specific forms of investment > 332.632 Securities, real estate, commodities > 332.632 2 Stocks (Shares)
Divisions: S2/S3 > Magister Akuntansi, Fakultas Ekonomi dan Bisnis
Depositing User: Nur Cholis
Date Deposited: 05 Feb 2021 15:52
Last Modified: 28 Oct 2021 02:39
URI: http://repository.ub.ac.id/id/eprint/182508
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