Kemampuan Ukuran Perusahaan Memoderasi Pengaruh Kapitalisasi Pasar dan Volume Perdagangan Saham Terhadap Return Saham

Djoko Hanantijo, Valda Jelita

Abstract


This research aims to partially test and analyze the effect of market capitalization and stock trading volume on return investment, as well as test and analyze the ability of company size to moderate the effect of market capitalization and stock trading volume on return investment. The population in the research is 84 food and beverage companies registered on the IDX for the 2018-2022 period. This research uses a purposive sampling technique in sampling with a total sample selected of 25 companies in the food and beverage sector. The data source used in this research is secondary data in the form of financial report documentation. The independent variables in this research are market capitalization (X1) and stock trading volume (X2), while the dependent variable is return investment (Y). This research also uses company size (Z) as a moderating variable. The analysis models used are multiple regression analysis and moderate regression analysis (MRA). The results of this research show that market capitalization has a positive and significant effect on return investment, this is indicated by a significance value of 0,000 ((sig.) ≤ α (0,05)). Meanwhile, stock trading volume does not have a significant positive effect on stock returns, this is indicated by a significance value of 0,409 ((sig.) > α (0,05)). Then company size is able to moderate the influence of market capitalization on return investment, this is indicated by a significance value of 0,000 ((sig.) ≤ α (0,05)) with a coefficient value of 0,005 which has a positive influence direction, but company size is not able to moderate the influence of stock trading volume on on return investment is characterized by a significance value of 0,184 ((sig.) > α (0,05)).


Keywords


Market Capitalization, Stock Trading Volume, Return Investment, Company Size

Full Text:

PDF

References


Ang, R. (2015). Buku Pintar Bahasa Modal. Media Staff Indonesia.

Christina Marito, B., & Dewi Sjarif, A. (2020). The Impact of Current Ratio, Debt to Equity Ratio, Return on Assets, Dividend Yield, and Market Capitalization on Stock Return (Evidence from Listed Manufacturing Companies in Indonesia Stock Exchange). Scientific Journal of PPI-UKM Social Sciences and Economics, 7(1). https://doi.org/10.27512/sjppi-ukm/ses/a11052020.

Hanantijo, D. (2016). Pengaruh Right Issue Terhadap Return Saham Di Jakarta Stock Exchange Sebelum Dan Selama Masa Krisis Ekonomi 1997. In Jurnal Ekonomi Dan Kewirausahaan (Vol. 16, Issue Desember).

Hanantijo, D., & Kurnia, M. R. (2024). Pengaruh Earning Per Share, Dan Operating Cash Flow Terhadap Return Saham Dengan Profitabilitas Sebagai Variable Intervening Pada Jakarta Islamic Indeks (Jii). SMOOTING, 22(2), 129–142.

Hartono, J. (2022). Portofolio dan Analisis Investasi Pendekatan Modul (J. Hartono, Ed.; Edisi 2). ANDI Yogyakarta.

Herlambang, G., & Kurniawati, L. (2022). Pengaruh Fundamental Perusahaan Manufaktur Sektor Industri Barang Konsumsi Terhadap Return Saham.

Hery. (2017). Kajian Riset akuntansi Mengulas Berbagai Hasil Penelitian Terdahulu dalam bidang Akuntansi dan Keuangan. PT Grasindo.

Irma, A. D. A. (2019). Pengaruh Komisaris, Komite Audit, Struktur Kepemilikan, Size Dan Leverage Terhadap Kinerja Keuangan Perusahaan Properti, Perumahan Dan Konstruksi 2013-2017. Jurnal Ilmu Manajemen, 7.

Maysie, K. (2021). Pengaruh Frekuensi Perdagangan, Volume Perdagangan, & Kapitalisasi Pasar Terhadap Return Saham Pada Sektor Pariwisata Yang Terdaftar Di BEI. Jurnal Manajemen Sains dan Organisasi, 2.

Permatasari, D. D., & Yanti, H. B. (2022). Pengaruh Stock Split Dan Volume Perdagangan Saham Terhadap Return Saham Pada Perusahaan Go Public. Jurnal Ekonomi Trisakti, 2(2), 857–868. https://doi.org/10.25105/jet.v2i2.14761.

Rujikartawi, E. (2023). Analisis Pengaruh Kapitalisasi Pasar dan Harga Saham Terhadap Return Saham pada Perusahaan yang Terdaftar di Jakarta Islamic Index Periode 2018-2021. 8(1), 1–12. www.idx.co.id.

Siahaan, A. P., & Hanantijo, D. (2020). The Role of Profitability on Dividend Policy in Property and Real Estate Registered Subsector Company in Indonesia. International Journal of Progressive Sciences and Technologies (IJPSAT, 23(2), 376–383. http://ijpsat.ijsht-journals.org

Setiasri, R., & Rinofah, R. (2017). Pengaruh Ramadhan Terhadap Returndan Volume Perdagangan Saham Pada Jakarta Islamic Index (JII). Jurnal manajemen Dewantara, 1, 101–109.

Sulia. (2017). Analisis Faktor - Faktor Yang Mempengaruhi Harga Saham Pada Perusahaan Lq45 Yang Terdaftar Di Bursa Efek Indonesia. Jurnal Wira Ekonomi Mikroskil, 7, 129–140.

Taslim, A., Wijayanto, A., Manajemen, J., Ekonomi, F., & Negeri Semarang, U. (2016). Pengaruh Frekuensi Perdagangan Saham, Volume Perdagangan Saham, Kapitalisasi Pasar Dan Jumlah Hari Perdagangan Terhadap Return Saham. Dalam Management Analysis Journal (Vol. 5, Nomor 1).


Refbacks

  • There are currently no refbacks.