The Effect of Stock Price, Stock Trading Volume and Market Capitalization on the Stock Return of Health Sector Companies Listed on the Indonesia Stock Exchange during Covid 19 (Period 2020-2022)

Elsye Fatmawati; Parulian Parulian

doi:10.35877/454RI.daengku2653

Authors

Elsye Fatmawati Universitas Pelita Bangsa
Parulian Universitas Pelita Bangsa

DOI:

https://doi.org/10.35877/454RI.daengku2653

Keywords:

Stock Price, Stock Trading Volume, Market Capitalization, Stock Return, Indonesia Stock Exchange (IDX

Abstract

The purpose of this study was to analyze the effect of stock prices, stock trading volume and market capitalization on stock returns of health sector companies listed on the Indonesia Stock Exchange (IDX) during the Covid 19 period (2020-2022 period). The capital market is a place where investors can provide a portion of their capital to invest in a company issuer to gain profit. The type of research used in this study uses quantitative research, namely research conducted using numbers as objects in conducting analysis. The data used is secondary data in the form of quarterly data over a period of 3 years. The samples used in this study were 17 health sector companies listed on the Indonesia Stock Exchange. As for the data collection method by means of documentation and sampling using purposive sampling method. The results of this study indicate that the stock price variable has a significant level of value on stock returns with the results of the t test which is worth 0.000 so it can be interpreted that the stock price variable has a significant effect on stock returns. The stock trading volume variable has a significant effect on stock returns, this can be seen by the significance value of the t test results of 0.042. The market capitalization variable has no significant effect on stock returns, this can be proven by the significance value of the t-test results of 0.212.

References

Adnyana, I. M. (2020). Manajemen Investasi dan Protofolio.
Ghozali, Imam. (2018). Aplikasi Analisis Multivariate dengan Program IBM SPSS 25. Semarang; Badan Penerbit Universitas Diponegoro
Handini, S., & Astawinetu, E. dyah. (2020). Teori Portofolio dan Pasar Modal Indonesia. In Scopindo Media Pustaka.
Indonesia, P. R. (2020). KEPPRES NO 12 TH 2O2O Tentang Penetapan Bencana Nonalam Penyebaran Corona Virus Disease 2019 Sebagai Bencana Nasional. Fundamental of Nursing, 01, 18=30.
Ivani, K. A., Defung, F., & Fakhroni, Z.(2022). Analysis of Exchange Rate, Market Capitalization, Trading Volume Activity toward Return and Abnormal Return on Manufacturing Company (Event Study …. Budapest International Research …,14647–14661.
https://www.bircu-journal.com/index.php/birci/article/view/5343
Nasution, L. Z., Sulistyo, S., & halim, abdul. (2016). Pengaruh Volume Perdagangan Saham, Frekuensi Perdagangan Saham, Volatilitas Harga Saham, dan Kapitalisasi Pasar Terhadap Return Saham Perusahaan Makanan dan Minuman yang Terdaftar di Bursa Efek Indonesia. Jurnal Riset MahasiswaAkuntansi,4(2). https://ejournal.unikama.ac.id/index.php/jrma/article/view/1382
Novirman, A. A. (2013). Pengaruh Volume Perdagangan, Frekuensi Perdagangan, Kapitalisasi Pasar, Dan Dividend Payout Ratio Terhadap Return Saham Jakarta Islamic Index. In Journal of Chemical Information and Modeling (Vol. 53, Issue 9).
Novitasari, R. (2019). Vol. 8, No. 1, Tahun 2019. Teknologi Pertanian, 8(1), 21–28.
Otoritas Jasa Keuangan. (2020). Undang-Undang Republik Indonesia Nomor 8 Tahun 1995 Tentang Pasar Modal Dengan. Covering Globalization, 2–131. https://www.ojk.go.id/id/kanal/pasar-modal/regulasi/undang-undang/Pages/undang-undang-nomor-8-tahun-1995-tentang-pasar-modal.aspx
Ramadini, I. F. (2018). Pengaruh Faktor Keuangan dan Non Keuangan Perusahaan terhadap terjadinya Underpricing pada Pasar Perdana di Bursa Efek Indonesia (Studi pada Perusahaan Go Publik di Bursa Efek Indonesia Tahun 2017-2018 ). 1–19.
Riduwan & Sunarto. (2017). Pengantar Statistika Untuk Penelitian Pendidikan, Sosial, Komunikasi, Ekonomi. Bandung; Alfabeta
Sujarweni, V. Wiratna. (2019). Metodologi Penelitian Bisnis & Ekonomi. Yogyakarta; Pustaka Baru Press
Taslim, A., & Wijayanto, A. (2016). Pengaruh frekuensi perdagangan saham, volume perdagangan saham, kapitalisasi pasar dan jumlah hari perdagangan terhadap return saham. Management Analysis Journal, 5(1), 1–6. http://maj.unnes.ac.id
Wahyudi. (2020). Analisis Pengaruh Kapitalisasi Pasar Dan Rasio Keuangan. Volume 12, Page 9-16
Y Yuana, J Barata. (2020). Pengaruh Frekuensi Perdagangan, Volume Perdagangan Dan Kapitalisasi Pasar Terhadap Return Saham Sektor Pertambangan Batu Bara Yang Terdaftar Di BEI. Jurnal Revitalisasi, Vol 11
Yusra, M. (2019). Pengaruh Frekuensi Perdagangan , Trading Volume, Nilai Kapitalisasi Pasar, Harga Saham, Dan Trading Day Terhadap Return Saham Pada Perusahaan Kosmetik Dan Keperluan Rumah Tangga Di Bursa Efek Indonesia. Jurnal Akuntansi Dan Keuangan, 7(1), 65. https://doi.org/10.29103/jak.v7i1.1841
Zulfikar. (2016). Pengantar Pasar Modal Dengan Pendekatan Statistik Edisi Pertama.Yogyakarta; Gramedia