Determinants of the Industrial Manufacturing Stock’s Holding Period
This study aims to identify the effect of Market Value (MV), Return on Asset (ROA), Earning per Share (EPS) and Bid-Ask Spread (BAS) over the holding period of manufacturing companies listed in Jakarta Islamic Index (JII). The data used here is period between 2014-2016. This research is a quantitati...
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| Format: | UMS Journal (OJS) |
| Language: | eng |
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Muhammadiyah University Press
2018
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| Online Access: | https://journals.ums.ac.id/index.php/jisel/article/view/6357 |
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| author | Islamiah, Rima |
| author_facet | Islamiah, Rima |
| author_sort | Islamiah, Rima |
| collection | OJS |
| description | This study aims to identify the effect of Market Value (MV), Return on Asset (ROA), Earning per Share (EPS) and Bid-Ask Spread (BAS) over the holding period of manufacturing companies listed in Jakarta Islamic Index (JII). The data used here is period between 2014-2016. This research is a quantitative research. The data used in this research are the outstandingnumber of shares, the volume of stock transactions, closing price, ROA, and EPS. The technique for data analysis which will be used in this research is panel data regression test using REM model. The results of this study show that: 1). Market value have a significant positive effect on the manufacturing company stock’s holding period, which is shown by the value of sig t 0,0075. 2). ROA has no significant effect on on the manufacturing company stock’s holding period, which is shown by the value of sig t 0.1269. 3). EPS did not significantly affect the holding period of the manufacturing company's shares which was shown by the sig t value 0.7358. 4). The variable of Bid-Ask Spread does not significantly affect the holding period of the manufacturing company's stock which is shown by the value of sig t 0.1031. 5). MV, ROA, EPS, BAS according to test of model existence / F test is the existing model used with the value of F statistics 0.000397. 5). The value of Adjusted R2 of 19.85% indicates that variations in the variable of Holding Period can be explained by independent variables, and the remaining 80.65% of the variable of Holding Period are explained by other variables outside the research model. |
| format | UMS Journal (OJS) |
| id | oai:ojs2.journals.ums.ac.id:article-6357 |
| institution | Universitas Muhammadiyah Surakarta |
| language | eng |
| publishDate | 2018 |
| publisher | Muhammadiyah University Press |
| record_format | ojs |
| spelling | oai:ojs2.journals.ums.ac.id:article-6357 Determinants of the Industrial Manufacturing Stock’s Holding Period Islamiah, Rima Holding period, Market value, REM modelling, Jakarta Islamic Index. This study aims to identify the effect of Market Value (MV), Return on Asset (ROA), Earning per Share (EPS) and Bid-Ask Spread (BAS) over the holding period of manufacturing companies listed in Jakarta Islamic Index (JII). The data used here is period between 2014-2016. This research is a quantitative research. The data used in this research are the outstandingnumber of shares, the volume of stock transactions, closing price, ROA, and EPS. The technique for data analysis which will be used in this research is panel data regression test using REM model. The results of this study show that: 1). Market value have a significant positive effect on the manufacturing company stock’s holding period, which is shown by the value of sig t 0,0075. 2). ROA has no significant effect on on the manufacturing company stock’s holding period, which is shown by the value of sig t 0.1269. 3). EPS did not significantly affect the holding period of the manufacturing company's shares which was shown by the sig t value 0.7358. 4). The variable of Bid-Ask Spread does not significantly affect the holding period of the manufacturing company's stock which is shown by the value of sig t 0.1031. 5). MV, ROA, EPS, BAS according to test of model existence / F test is the existing model used with the value of F statistics 0.000397. 5). The value of Adjusted R2 of 19.85% indicates that variations in the variable of Holding Period can be explained by independent variables, and the remaining 80.65% of the variable of Holding Period are explained by other variables outside the research model. Muhammadiyah University Press 2018-07-31 info:eu-repo/semantics/article info:eu-repo/semantics/publishedVersion application/pdf https://journals.ums.ac.id/index.php/jisel/article/view/6357 10.23917/jisel.v1i1.6357 Journal of Islamic Economic Laws; Vol 1, No 1: July 2018; 99-125 2655-9617 2655-9609 eng https://journals.ums.ac.id/index.php/jisel/article/view/6357/4004 Copyright (c) 2018 Journal of Islamic Economic Laws https://creativecommons.org/licenses/by/4.0 |
| spellingShingle | Holding period, Market value, REM modelling, Jakarta Islamic Index. Islamiah, Rima Determinants of the Industrial Manufacturing Stock’s Holding Period |
| title | Determinants of the Industrial Manufacturing Stock’s Holding Period |
| title_full | Determinants of the Industrial Manufacturing Stock’s Holding Period |
| title_fullStr | Determinants of the Industrial Manufacturing Stock’s Holding Period |
| title_full_unstemmed | Determinants of the Industrial Manufacturing Stock’s Holding Period |
| title_short | Determinants of the Industrial Manufacturing Stock’s Holding Period |
| title_sort | determinants of the industrial manufacturing stock s holding period |
| topic | Holding period, Market value, REM modelling, Jakarta Islamic Index. |
| topic_facet | Holding period, Market value, REM modelling, Jakarta Islamic Index. |
| url | https://journals.ums.ac.id/index.php/jisel/article/view/6357 |
| work_keys_str_mv | AT islamiahrima determinantsoftheindustrialmanufacturingstocksholdingperiod |