ANALISIS PENGARUH BID-ASK SPREAD, MARKET VALUE DAN VARIANCE RETURN TERHADAP HOLDING PERIOD SAHAM SEKTOR PERTAMBANGAN
ABSTRACT: The formulation of
the problem is to know the influence of bid-ask spread, market value and
variance return on
stock holding period
in mining sector.
The objective of this research to analyze the influence of
bid-ask spread, market value and variance return on stock holding period in
mining sector. The data
used were 10
companies selected using
purposive sampling technique with the criteria (1) The companies in
mining sectorregistered in Jakarta
Exchange. (2) The companies which
were actively consistent during in
the period 2009
up to 2011
in Jakarta Exchange.
(3) The companies fulfilling the indicator of dependent
and independent variables during in the period 2009 up to 2011.
The data to
analyze in this
research were panel
data using Multiple
Linier Regression with Fixed Effect
Model (FEM) in
accordance with this
model having the intercept equation
and it was
not constant or
with difference
on every individual. Before
analyzing the data, it was tested
firstly with Normality test and Hausman test to know the
normality of data and to know
which method is appropriate with fixed effect model in this
research. Further, data
processing was done using Eviews 7 program.The results of research showed that simultaneously through
f-statistic test the variable of bid-ask spread, market value
and variance return had significant influence to stock holding period in mining
sector on significance rate 95%,whereas based on t-statistic test, it can be concluded that the
variable of bid-ask
spread and market
value had positive influence and insignificant influence to
stock holding period in mining sector and variance return with negative
significant to stock holding period of mining sector in period of 2009 up to 2011 with
significance rate 95%. In addition, the coefficient of determination
showed that the variable of
bid-ask spread, market
value, and variance
return are capable
only to explain that the variable of stock holding period in mining
sector for 65.15%.
Penulis: Novita Selvia M
Perangin-angin, Syarief Fauzie
Kode Jurnal: jpakuntansidd130188
