The Effect of Investment Risk on Stock Returns in Companies Listed on The LQ-45 Index
DOI:
10.47353/ecbis.v2i1.113Published:
2024-03-07Downloads
Abstract
This study aims to analyze the effect of investment risk on stock returns for the LQ45 index for the 2016-2021 period. This research uses quantitative methods. Sampling using several criteria so that the data obtained were 27 companies. The analysis technique used is simple linear regression analysis using the SPSS version 22 program. The results of this study indicate that the significance value is 0.781> 0.05 and the coefficient is 0.008, which means that Beta has a positive and insignificant effect on stock returns. The results of this study do not support the hypothesis that has been put forward.
Keywords:
Investment Risk Stock ReturnReferences
Gerson, RF (2004). Measuring Customer Satisfaction. Jakarta: PPM.
Alwi, I. Z. (2003). Capital Markets: Theory and Applications. First Edition. Jakarta: Nasindo Internusa.
Andes, S. L., Puspitaningtyas, Z., & Prakoso, A. (2017). The Effect of Inflation, Rupiah Exchange Rate and Interest Rate on Stock Returns of Manufacturing Companies. Journal of Financial and Business Accounting, Vol. 10, No. 2.
Ardhi, H. S., Hasan, A., Efni, Y., Rokhmawati, A., & Gusnardi. (2017). The Effect of Macroeconomic Variables and Financial Performance on Stock Returns in the Automotive Industry on the Indonesia Stock Exchange. E-Journal Pelita Indonesia, 2527-8215.
Brigham, E. F., & Houston, J. F. (2010). Fundamentals of Financial Management. Third Edition. Jakarta: Fourth Edition
Brigham, F. E., & Houston, J. F. (2016). Fundamentals of Financial Management. Book 1 Translation of N. I. Sallama and F. Kusumastuti. Jakarta: Fourth Edition.
Dewangga, C., Saptantinah, D., & Harimurti, F. (2020). The Effect of Financial Performance and Macroeconomics on Stock Prices in the Case Study of Manurfaktur Companies Listed on the Indonesia Stock Exchange in 2014-2018. Journal of Accounting and Information Technology Systems, 332-340.
Dilisaufika, F. (2018). The Effect of Financial Performance and Risk on Stock Returns of Mining Sector Companies on the Indonesia Stock Exchange for the 2014-2017 Period. Indonesia Banking School.
Fahmi, I. (2012). Financial Performance Analysis. Bandung: Alfabeta.
Geriadi, M. D., & Wiksuana, I. B. (2016). The Effect of Inflation on Stock Returns in Property and Real Estate Companies Listed on the Indonesia Stock Exchange (systematic risk and profitability as mediating variables). Journal of Management and Business Unud, 2337-3067
Ghozali, I., & Latan, H. (2015). Concepts, Techniques, Applications Using Smart PLS 3.0 for Empirical Research. Semarang: Undip Publishing Agency.
Hartono, J. (2017). Portfolio Theory and Investment Analysis Eleventh Edition. Yogyakarta: BPFE.
Kurniawan, A. (2017). The Effect of Financial Performance on Stock Returns by Making Dividend Policy as a Moderate Variable in Companies Listed in JII 2007-2011. Acquisition Journal, Vol. 13, No. 1.
Kurniawan, A. W., Rauf, D. I., & Arif, H. M. (2023). Efforts to Improve Performance in Managing Regional Finance Through Human Resources, Organizational Culture and Organizational Commitment. Journal Management & Economics Review (JUMPER), 1(1), 33–38. https://doi.org/10.59971/jumper.v1i1.26
Lisnawati, & Budiyanti, E. (2011). Capital Market Development and Economic Growth in Indonesia: A Vector Autoregression (VAR) Analysis. Journal of Economics & Public Policy, Vol. 2, No. 2.
Nidianti, P. I. (2013). The Influence of Internal and External Company Factors on Food and Baverages Stock Returns on the Indonesia Stock Exchange. E-Journal of Accounting, 130-146.
Pratiwi, I., & Winarto, W. W. (2021). The Effect of Beta Shares, Debt to Equity Ratio and Return On Asset on Stock Returns (Case Study on LQ45 Stocks for the 2018 - 2019 Period). IAKP Journal, Vol. 2, No. 1.
Sugiyono. (2015). Quantitative, Qualitative, and R&D Research Methods. Bandung: Alfabeta.
Suriyani, N. K., & Sudiartha, G. M. (2018). The Effect of Interest Rates, Inflation and Exchange Rates on Stock Returns on the Indonesia Stock Exchange. E-Journal of Management Unud, 3172-3200.
Haefner, JE, Deli-Gray, Z., & Rosenbloom, A. (2011), “The importance of brand liking and brand trust in consumer decision making: Insights from Bulgarian and Hungarian consumers during the global economic crisis”, Managing Global Transitions.
License
Copyright (c) 2023 Nurman, Anwar Ramli, Dwi Anugerah Lestari Musa, Asniwati
This work is licensed under a Creative Commons Attribution 4.0 International License.
Downloads
How to Cite
