The Effect of Trading Volume Activities, Earning Per Share and Stock Returns on Market Value Added (Empirical Study on LQ45 Companies)

International Journal of Economics and Management Studies
© 2021 by SSRG - IJEMS Journal
Volume 8 Issue 2
Year of Publication : 2021
Authors : Andalan Tri Ratnawati
pdf
How to Cite?

Andalan Tri Ratnawati, "The Effect of Trading Volume Activities, Earning Per Share and Stock Returns on Market Value Added (Empirical Study on LQ45 Companies)," SSRG International Journal of Economics and Management Studies, vol. 8,  no. 2, pp. 79-82, 2021. Crossref, https://doi.org/10.14445/23939125/IJEMS-V8I2P111

Abstract:

This study aims to examine the effect of Trading Volume Activity, Earning Per Share, Stock Return on Market Value Added (Empirical study in LQ 45 Companies). The numbers of samples are 45 companies, carried out by census. While the data processing method used by researchers is multiple linear regression analysis. The results showed that Trading Volume Activity and Earning Per Share had a positive and significant effect on Market Value Added, but stock return had a negative and insignificant effect on Market Value Added.

Keywords:

Trading Volume Activity, Earning Per Share, Stock Return, Market Value Added

References:

[1] Ambarwati, S. D. A., Pengaruh Return Saham, Volume Perdagangan Saham Dan Varian Return Saham Terhadap Bid Ask Spread Saham Pada Perusahaan Manufaktur Yang Tergabung Dalam Indeks Lq 45 Periode Tahun 2003-2005. Jurnal Siasat Bisnis, 12(1)(2008) 27-38.
[2] Brigham, E. F., Dasar-Dasar Amanjemen Keuangan; Essentials Of Financial Management. Jakarta: Salemba Empat. (2010).
[3] Cahyadi, H., & Darmawan, A., Pengaruh Economic Value Added, Market Value Added, Residual Income, Earnings Dan Arus Kas Operasi Terhadap Return Saham (Studi Empiris pada perusahaan LQ-45). Media Ekonomi, 16(1)(2016) 176-195.
[4] Ftiti, Z., Jawadi, F., Louhichi, W., & Madani, M. A., On the relationship between energy returns and trading volume: a multifractal analysis. Applied Economics, 51(29)(2019) 3122-3136.
[5] Ghozali, I., Aplikasi analisis multivariate dengan program IBM SPSS 23.[Multivariate analysis application with the IBM SPSS 23 program]. . Semarang: : Badan Penerbit Universitas Diponegoro., (2017).
[6] Jogiyanto, H., Teori portofolio dan analisis investasi. Yogyakarta: BPFE., (2010).
[7] Pioh, H. T., Tommy, P., & Sepang, J., Pengaruh debt to equity ratio, earning per share dan return on asset terhadap nilai
perusahaan sub sector food and beverages di bursa efek indonesia. Jurnal EMBA: Jurnal Riset Ekonomi, Manajemen, Bisnis dan Akuntansi, 6(4)(2018) 3018 – 3027.
[8] Pourali, M. R., & Roze, Z., The Relationship between market value-added with refined economic value-added and performance accounting criteria in the firms listed in the Tehran Stock Exchange. International Research Journal of Applied and Basic Sciences, 4(6)(2013) 1636-1645.
[9] Nicodemus Simu, Anneke Margaret Pangaribuan, Determinants of Indonesian Share Price: Do Capital Structure, Sales Growth, and Profitability Matter? , SSRG International Journal of Economics and Management Studies 7(1) (2020) 174-181.
[10] Suad, H., Dasar-Dasar Teori Portofolio dan Analisis Sekuritas. Yogyakarta: BPFE., (2005).
[11] Sugiyono, D., Statistika untuk Penelitian (28th editi). Bandung: Alfabeta., (2017).
[12] Tandelilin, E., Portofolio dan Investasi: Teori dan aplikasi. Yogyakarta: Kanisius., (2010).
[13] Wulandani, C. S., & Priantinah, D., Pengaruh EPS, EVA dan MVA Terhadap Return Saham Pada Perusahaan Sektor Industri Barang Konsumsi. Jurnal Profita: Kajian Ilmu Akuntansi, 5(5)(2017) 1-16.
[14] Yamani, E., & Rakowski, D., The endogeneity of trading volume in stock and bond returns: An instrumental variable approach. Financial Review, 54(2)(2019) 303-344.