LEVERAGE KEUANGAN DAN LIKUIDITAS SAHAM PERUSAHAAN MANUFAKTUR YANG TERDAFTAR DI BURSA EFEK JAKARTA
ABSTRACT: This research focus
on the effect of financial leverage on stock liquidity, with control variables
included stock risk, return on assets, market capitalization, volume,
institutional ownership during 2003-2004. This research used 86 manufacture
company that listing in Jakarta Stock Exchange. Analysis method use
multivariate regression. The result of partial multivariate regression
indicates that financial leverage as independent variable and control variables
include stock risk, return on assets, market capitalization, volume,
institutional ownership have positive impact on stock liquidity. Independent
variable is financial leverage and control variables include return on assets,
volume, institutional ownership have significant impact on stock liquidity,
while other control variables such as stock risk and market capitalization have
not significant impact on stock liquidity. Simultaneously, financial leverage,
stock risk, return on assets, market capitalization, volume, institutional
ownership have significant impact on stock liquidity.
Keywords: financial leverage,
stock risk, return on assets, market capitalization, volume, institutional
ownership
Penulis: I Made Sudana, Nurul
Intan
Kode Jurnal: jpmanajemendd080126
