PENGARUH BID-ASK SPREAD, MARKET VALUE DAN VARIANCE RETURN TERHADAP HOLDING PERIOD SAHAM SEKTOR PERTAMBANGAN YANG LISTING DI BURSA EFEK INDONESIA (BEI) TAHUN 2011-2015
Abstract: The purpose of the
study to analyze the effect of bid-ask spread, market value, and variance
return on holding period of stock mining sector listed in Indonesia Stock
Exchange (BEI) 2011-2015. The sampling technique used purposive sampling
technique and according to the criterias can obtain 10 companies. Data analysis
technique used is multiple linear regression analysis. The result of the study
simultaneously all independent variables affect the stock holding period. The
study partially indicates that bid-ask spread and market value affect
significantly to stock holding period. While variance return didn’t affect the
stock holding period. The effect of bid-ask spread can be caused investors
prefer stock of giving bigger benefits that is reflected from spread and many
investors didn’t like the presence of risk. The effect of market value can be
caused by investors perseption of stock price risk and investor aimed to
speculate only. Variance return did’nt affect on stock holding period can
because the value of variance samples used is too low and didn’t vary
(homogeneous) caused the low stock price fluctuation during the study period
and the investors want profit from the devidend only.
Keywords: stock holding
period, bid-ask spread, market value, variance return
Penulis: TITIK RAHAYU NINGSIH
Kode Jurnal: jpmanajemendd171167
