THE EFFECT OF ASSET GROWTH AND DEBT SOLVENCY ON STOCK PRICE VOLATILITY (CASE STUDY OF BANKING CORPORATIONS LISTED IN THE INDONESIA STOCK EXCHANGE FOR THE PERIOD OF 2011-2018)

Authors

  • Mario Yohanis Thomas Sam Ratulangi University
  • Ventje Ilat Sam Ratulangi University

DOI:

https://doi.org/10.32400/ja.34058.10.1.2021.27-32

Keywords:

asset growth, debt solvency, stock price volatility

Abstract

This study aims to determine the effect of asset growth and debt solvency on stock price volatility. The population in this study is financial sector companies listed as issuers of shares on the Indonesia Stock Exchange (IDX). The sample is taken by the purposive method so that there are 6 banking companies that meet the criteria. The research data is secondary data for the period 2011-2018 obtained from the Indonesia Stock Exchange. This study uses quantitative methods with multiple linear regression analysis techniques with t-test, F test, and analysis of the coefficient of determination. Hypothesis test results show a significant effect on the asset growth variable and an insignificant effect on the debt solvency variable.

References

Artikanaya, I. K. R. dan Gayatri. (2020). Pengaruh asset growth, leverage, dan dividend payout ratio pada volatilitas harga saham. E-Jurnal Akuntansi, 30(5). 1270-1282. https://doi.org/10.24843/EJA.2020.v30.i05.p16

Anastassia dan Firnanti, F. (2014). Faktor-faktor yang mempengaruhi volatilitas harga saham pada perusahaan publik nonkeuangan. Jurnal Bisnis dan Akuntansi, 16(2). 95-102. http://jurnaltsm.id/index.php/JBA/article/view/80

Baridwan, Z. (2004). Intermediate accounting. Edisi kedelapan. Yogyakarta: BPFE.

Darmadji, T., dan Fakhruddin, H. M. (2012). Pasar modal di Indonesia. Edisi ketiga. Jakarta: Salemba Empat.

Fahmi, I. (2012). Pengantar manajemen keuangan: Teori dan soal jawab. Bandung: Alfabeta.

Fahmi, I. (2017). Analisis kinerja keuangan. Bandung: Alfabeta.

Ghozali, I. (2016). Aplikasi analisis multivariete dengan program IBM SPSS 23. Edisi 8. Semarang: Badan Penerbit Universitas Diponegoro.

Halim, A. (2005). Analisis investasi. Edisi kedua. Jakarta: Salemba Empat.

Hanafi, M. M. dan Halim, A. (2009). Analisis laporan keuangan. Edisi 4. Yogyakarta: UPP STIM YKPN.

Judokusumo, S. (2007). Pengantar derivatif dalam moneter internasional. Jakarta: Grasindo.

Kasmir. (2015). Analisis laporan keuangan. Jakarta: Rajawali Press.

Modigliani, F., and Miller, M. H. (1958). The cost of capital, corporation finance and the theory of investment. The American Economic Review, 48(3). 261-297. https://www.jstor.org/stable/1809766

Prasetyo, A. (2011). Manajemen keuangan bagi manajer non keuangan. Cetakan 1. Jakarta: PPM.

Selpiana, K. R., dan Badjra, I. B. (2018). Pengaruh kebijakan dividen, nilai tukar, leverage, dan firm size terhadap volatilitas harga saham. E-Jurnal Manajemen, 7(3). 1682-1712. https://doi.org/10.24843/EJMUNUD.2018.v7.i03.p20

Spence, M. (1973). Job market signalling. The Quarterly Journal of Economics, 87(3). 355-374. Oxford University Press. https://doi.org/10.2307/1882010

Weygandt, J. J., Kimmel, P. D., and Kieso, D. E. (2015). Financial accounting: IFRS edition. 3rd Edition. United States: Wiley.

Yulinda, E., Astuti, T. P., dan Haryono, S. T. (2020). Analis pengaruh devidend payout ratio, leverage, firm size, volume perdagangan, earning volatility, dan inflasi terhadap volatilitas harga saham pada perusahaan yang terdaftar dalam Indeks LQ 45 tahun 2014. Syntax Literate Jurnal Ilmiah Indonesia, 5(5). 76-83. http://dx.doi.org/10.36418/syntax-literate.v5i5.1106

Downloads

Additional Files

Published

2021-05-24

Issue

Vol. 10 No. 1 (2021)

Section

Articles

License

The articles published in Jurnal Accountability are licensed under Creative Commons Attribution-NonCommercial 4.0 International with authors as copyright holders.

 

Creative Commons License
This work is licensed under a Creative Commons Attribution-NonCommercial 4.0 International License.

 

Under this license then authors free to:
  • Share — copy and redistribute the material in any medium or format.
  • Adapt — remix, transform, and build upon the material.
  • The licensor cannot revoke these freedoms as long as you follow the license terms.

Under the following terms:
  • Attribution — You must give appropriate credit, provide a link to the license, and indicate if changes were made. You may do so in any reasonable manner, but not in any way that suggests the licensor endorses you or your use.
  • NonCommercial — You may not use the material for commercial purposes.
  • No additional restrictions — You may not apply legal terms or technological measures that legally restrict others from doing anything the license permits.

Notices:
  • You do not have to comply with the license for elements of the material in the public domain or where your use is permitted by an applicable exception or limitation.
  • No warranties are given. The license may not give you all of the permissions necessary for your intended use. For example, other rights such as publicity, privacy, or moral rights may limit how you use the material.