Pengaruh Insider Ownership Terhadap Likuiditas Saham Pada Perusahaan Yang Listing di Bursa Efek Jakarta

Wira, Variyetmi (2008) Pengaruh Insider Ownership Terhadap Likuiditas Saham Pada Perusahaan Yang Listing di Bursa Efek Jakarta. Jurnal R & B, 3 (2). pp. 172-182. ISSN 1412-5080

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Abstract

Insider ownership represents stock ownersip by the managers who are the insider of the company, as a reward from stockholders to managers. Liquidity represents the ability of a financial asset owned by an investor to be converted into cash or on the contrary from cash into asset, whenever they want to do so, in a short time at a minimum risk. This research aims to get empirical evidence that Insider ownership have significant influence to the level of company’s liquidity in the capital market. The examination is conducted from the year of 2000 to 2005. the objects of this research are the companies which have Insider ownership above 10 %. There are about 107 companies selected. The assessment to determine this liquidity uses two proxies. There are trading frequency and TVA. The examination uses annual analysis and six-year comprehensive analysis. The result indicates that there is no significant influence between insider ownership and the liquidity by using both trading frequency and TVA. Although Insider Ownership does not have significant influence to liquidity at the level of 0.05 of trading frequency and TVA, significant attention should be given to frequency. Because during examination years, insider ownership given a higher influence at trading frequency than TVA.

Item Type:Article
Subjects:C Social Sciences > CB Economic Theory
Divisions:Jurusan Administrasi Niaga > Prog.Studi Administrasi Bisnis-D3 > Jurnal/Karya Ilmiah
ID Code:249
Deposited By:Mr. OP Repo-4 Puskom
Deposited On:13 Oct 2016 09:27
Last Modified:08 Nov 2016 14:25

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