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Journal : EL-MUHASABA

VARIABEL-VARIABEL PENENTU HOLDING PERIODS SAHAM SYARI’AH DI INDONESIA Fitriyah, Fitriyah; Rahayu, Yayuk Sri
EL MUHASABA: Jurnal Akuntansi (e-Journal) Vol 4, No 1: Januari 2013
Publisher : Jurusan Akuntansi Fakultas Ekonomi Universitas Islam Negeri Maulana Malik Ibrahim Malang

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (140.651 KB) | DOI: 10.18860/em.v4i1.2327

Abstract

This research was aimed to determine whether the variables bid-ask spread, market value, variance return and dividend payout influence holding period partially and simultaneously and to determine the variables that most influence the holding period of shares of sharia in Indonesia Stock Exchange. The population in this research are the companies listed in the Jakarta Islamic Index over the period 2007 to 2010. Sampling using a purposive sampling technique and number of sample are 10 companies.. The result shows, the variable spreads, market value, variance return, dividend payout ratio simultaneously influence the holding period. While partially, there are two variables that significantly influence the holding period that is spread and dividend payout ratio with a significant negative relationship and the spread has a significant positive relationship to the holding period at α 5%. And the most influential variable is spread. The final conclusions are on the Indonesia Stock Exchange, investors alleged psychological factor is the factor most be taken into consideration in decisions about withholding or release of a common stock.   Keyword: Holding periods, bid ask spread, market value, and variance return   Abstraksi Penelitian ini bertujuan untuk mengetahui apakah variabel bid-ask spread, market value, varians return dan dividen pay out ratio mempengaruhi holding periods secara parsial dan simultan dan untuk mengetahui variabel yang paling mempengaruhi holding period saham syariah di Bursa Efek Indonesia. Populasi dalam penelitian ini adalah perusahaan yang terdaftar di Jakarta Islamic Index selama periode 2007 sampai 2010. Sampling sebanyak 10 perusahaan ditentukan dengan  teknik purposive sampling. Hasil analisis  menunjukkan variabel bid-ask spread, market value, varians return dan dividen pay out ratio secara simultan mempengaruhi holding periods. Sedangkan secara parsial, ada dua variabel yang berpengaruh signifikan terhadap holding period yaitu dividen pay out ratio yang signifikan negatif dan bid-ask spread  signifikan terhadap holding period pada α 5%. Dan variabel yang paling berpengaruh adalah bid-ask spread . Kesimpulan terakhir adalah di Bursa Efek Indonesia, diduga faktor psikologis investor merupakan faktor yang paling dipertimbangkan dalam keputusan tentang pemotongan atau pelepasan saham biasa.   Kata Kunci: Holding periods, bid ask spread, market value, dan variance return
Co-Authors A., Alif Arsyad Adityo Wibowo, Adityo Afrianti, Tri Dessy Agung Winarno Agus Afandi Ahmad, Ribchi Kamelia aida fitria Akbari, Tauny Ali Sugih, Frasendi Alif S., Reza Muhammad Amala, Khairul Amin Pujiati Anggraeni, Novia Anindya, Farah Diva Aprilia, Yuva Dwi Ardiyansyah, Ahmad Arianti, Novi Arief Noviarakhman Zagladi Arifin, Moh. Zainal Arifin, Oki Ariyandhi, Muhamad Andy Arpan, Atika Arrohmah, Robiatus Sholichah Arrohmah, Robiatush Sholichah Arya Muharsyah, Shafa Astuti, Asri Aulia Rahma Annisa Azka, Laisa Azzahrani, Marsya B., Muhammad Agung Badawi, Badawi Baetoni, Moh Alfan Bagus Shandy Narmaditya Bakar, Muhammad S. Abu Bambang Subali Bisri, Moh Budi Setiyono Buyung Syukron, Buyung Cahyani, Zahra Dwi Citra Putri Subhi, Citra Putri Dedi Irwansyah Desriyanti, Desriyanti Diantoro, Aris Kusumo Didik Wahyudi DSP, Putriana Dwi Anggraini Dwi Handoko Dwirani, Fitri Eka Wahyu Damayanti Eldi Putra, Fiqry Elly Purwanti Fahrudin Fahrudin Fajarwati, Liasari Farida Rahmawati Farihi, Ahmad Fatma, Nur Aida Febriana, Agata Terra Febriana, Indah Karima Febriyanto, Ricky Fitria, Fella Nur Frans Setiawan, Frans Galuh Widitya Qomaro Gigih Hilmiawan Guntur Kusuma Wardana Gusti Wahyu, Pratiwi Habiburrhaman, Muhammad Ihsan Haeriyah, Haeriyah Hakim Alhaady Juhana, Hakim Alhaady Hardiansyah, Sandi Hartanti, Dyah Ayu Sri Hendri Purnomo Heri Pratikto Herlin Widasiwi Setianingrum Hilda Aqua Kusuma Wardhani Husniyah , Nahdliyatul Ibtisam, Afina Anjani Ike Lusi Meilina Ilhamy, Nabila Fara Imadduddin Imam Ghozali Imam Mukhlis Imam Turmudzi Indivia, Imey Tamara Indriani, Novita Infianto, Andreas Intan Aulia Rahman, Ajie Iswandi Iswandi Jelanti, Desi Kevin Setiawan Khodijah, Ina Khoiriyah, Umi Khozinatul Khoirunisa, Eva Khomsiyati , Siti Kustin Kusumajati, Pusparini Laila Nursafitri, Laila Lase, Rosmawati Lestari, Puja Lilis karlina, Lilis Linta Wafdan Hidayah, Linta Wafdan Listiandoko, Raden Dicky Wirawan Luana Devi, Amalia Tery Lubis, Mia Aulina Lukmanul Hakim Lukmanul Hakim Maharani, Arvina Septa Mahmud, Kendid Mardian, Fahmi Mardiana Mardiana Marissa, Sahda Marjiansa, Aris Mashudi Mashudi Maulana, Zacky Miftahuddin Miftahuddin Mizola Revanza, Mario Moh. Rifqi Rahman Mohamad Djasuli, Mohamad Mohammad Alvin Nur Rohman Morfi, Chicy Widya Muftiyah, Al Muhammad Asmuni Hasyim Muhammad Japar Muhammad Khairul Rijal Muhammad Muhammad Muhammad Saefi Muhtar Muhtar Mukminatin, Zakia Nur Mulyani, Mirna Mulyo, Budi Mukhamad Munasib, Najat Munawaroh Munawaroh mungin eddy wibowo, mungin eddy Mustaji Mustaji, Mustaji Mutoharoh, Mutoharoh N., Bella Risky Najimah, Nur Nalim Nalim Neneng Hasanah Nerisa Agnesia Widiyanto, Nerisa Agnesia Nilasari, Priyanti Dewi Ningrum, Dian Setya Nur Hidayat Sardini Nur Indah Sari Nurazizah, Windi Nurchoiriyah, Amelia Puteri Nurhayati Nurhayati Nurika Restuningdiah Octa Pratama Putra Perdiansyah, Nanda Kurnia Permata, Rizka Phusunti, Neeranuch Poernomo, R. Wahjoe Prameswari, Anggita Prasetya, Aditya Prastika, Ayu Dwi Pratama, Arianda Pratama, Hendy Emilia Pratiwi, Nurna Prazadhea, Agha Afiq Puji Handayati Putra, Anggelus Putri, Cindy Asa Putri, Fensy Rania Putri, Rizky Amelia Qomariyah, Nurul Ulfa R., Isma Salsabila R., Qurotul A’yun Rahmadani, Okta Dewi Tryshita Rahmat Hidayat Ramadhani, Anggia Noor Ramdan Hidayat Ratnawati Ratnawati Rismawati, Rizka Risthi, Alyssa Rizki Putra Sanjaya Rudi Hermawan Ruri Siti Resmisari Rusmalina, Euis S. Bachri, Bachtiar S., Aprilia Erlinda S., Widhi Ayu Sa'adah, Rizka Fadilla Naila Sa'adah, Siti Malihatus safitri, Mayshia Sakinah, Mutiara Saputra, Aswin Saputra, Muhammad Ryan Saputra, Tetra Arya Sari, Intan Rahma Satia Nur Maharani Sa’adah, Siti Malihatus Seftiani, Mustika Ayu Senen Senen Septyani, Fitria Setiadi Cahyono Putro Sidauruk, Juniato Silviyani, Yuli Anita Siswanto, Husna Malikatus Siti Mahtumah Sitompul, Jui Fasco Rini Soemarwoto, Retno Ariza Sofa, Natilatus Sofia, Emeliatus SRI ASTUTIK Sri Buwono . Sri Minarti Sri Minarti Suci Handayani, Suci Sudarti Sudarti Sufi Alawiyah Sufiah, Dwi Nur Rahma Sugeng, Andry Sukarti Sukarti Sumpono, Imam Suroso, Aisyah Ahzahra Suseno, Nugroho Noto Suyono Suyono Syailendra, Aricha Maharani Syarif Hidayat Syazili Mustofa Syazwina, Alika Sylvia, Sylvia Tahun, Omega DR Titian Adi, Wiruma Trivantira, Nindia Sukma Triyanna Widiyaningtyas Ulfia Fitriani Nafista Ulya, Luluk Fathnatul Umi Nadhiroh Verawaty, Een Veny Wardhana, Rakha Gusti Wardhani, Ika Desy Widiwurjani Widiyati, Dian Wijaya, M. Achsan Hari Wildan, Giazmara Galih Y., Muhamad Andika Yayuk Sri Rahayu Yoga Pratama , Dimas Yulia Hairina Yulianti, Sri Ratih Yuliantini, Nur Fajria Yuliantri, Rhoma Dwi Yuniawan, Adinda Z., Eva Rahmania Z.R, Hirdha Nurfarini. Zakaria, Nurhijrah Binti