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Journal : Journal of Social Commerce

Investor Sensitivity to Liquidity and Systematic Risk in Indonesia's Real Estate Market Prakoso, Teguh; Apriliani, Rina; Yulistina, Yulistina; Dharmawan, Donny; Utiarahman, Nurnaningsih
Journal of Social Commerce Vol. 5 No. 3 (2025): Journal of Social Commerce
Publisher : Celebes Scholar pg

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.56209/jommerce.v5i3.165

Abstract

The current paper analyzes whether the liquidity and systematic risk can predict stock returns not only as a typical financial indicator but as a kind of a descriptive tip in modern market environments. Using panel data of Indonesian firms listed in the property-sector in the Indonesia Stock Exchange, the research makes use of the random effects model of statistical analysis to assess how firms-level liquidity statistics, beta, and Return results are connected to one another. The findings show that the systematic risk has a strong and positive effect on the stock returns but this is not the case with liquidity, which does not have a similar type of effect. This result is not an indicator of the reduced role of economy but it is a significant rejuvenation concerning the methods in which financial information is being assimilated, ranked and acted upon by the investors. The lack of the effect of liquidity is said not to be irrelevant but invisible in platforms, stories, and investor attention schemes that are more and more dominating the interpretive access. By highlighting a changing ecology of valuation where the salience of financial metrics is mediated by visibility and volatility, as well as digital resonance, the findings help to understand that salience in this context has become contested, and the measured episodically as they become visible and volatile on the temporal shelf of valuation.
Co-Authors Abdul Hamid Alfauzi Achmad Hidayatno Adhi Nugraha Affandi, Muhammad Afif Afin M Nurtsani Aghus Sofwan Agnes Yora Gracia Simatupang Ahmad Riyandi Ahmad Zaki Mubarok, Ahmad Zaki Akbar Satria Wardhana, Akbar Satria Alfian Rokhmansyah Ananda, Refisa Andreansyah, Muhammad Iqbal Apriani, Zuliana Apriliani Nabila Anjani Apriliani, Rina Ardhian Ainul Yaqin Arif Munandar Arifianto, Eko arjang Badriyah, Ratu Baron Murianda Brilian Dermawan Brillianing Pratiwi Damayanti, Denti Agustina Darjat Darjat Dewi, Arkidianabela Anggara Donny Dharmawan Dwi Budi Srisulistiowati E. H. Hadyan E.H. Hadyan E.H. Hadyan, E.H. Hadyan Eko Arifianto Eko Arifianto Enang Rusyana Enggar Hindami Hadyan Erasma, Erasma Fitra Jaya Hadyan, E. H. Halim, Indra Hanardi Satrio Hari Kurnia Safitri Heriani Heriani, Heriani Houtman Ian Amri Dinina Ibrahim Ibrahim Ifki Arifatul Utami Irawan D Sukawati Irawan Dharma Sukawati, Irawan Dharma Jatmiko E. Suseno Jatmiko E. Suseno Khoerul Fajri Lase, Sepandil Laras Liya Yusrina Sabila M. A. Riyadi M. Noor, N Shazwani M.A. Riyadi M.A. Riyadi, M.A. Riyadi Maulina, Murni Memet CASMAT Mertua Agung Durya, Ngurah Pandji Mochammad Facta Mohamad Yunus, Mohamad Muhamad Ridwan Fauzi, Muhamad Ridwan Mujib, Khusnil Munawar A Riyadi Munawar Agus Riyadi Murianti, Diana Mustari Mustari Muthia Nur Fajrina Muthouwali, Achmad Ngaqib N Shazwani M. Noor N. Shazwani M. Noor, N. Shazwani natanael pandapotan, natanael Ngah, Razali Ngah, Razali Nicholas Audric Adriel Nilawati Nilawati Novita Sari Harianja Nursantoso, Teguh Oktavianto, Tedi Permanasari, Devi Rachmani, Ferlinda Ainur Rahma Dewi Hartati Razali Ngah Razali Ngah Razali Ngah Riyadi, M. A. Riyadi, Munawar Riyadi, Munawar Riyadi, Munawar A. Riyandi, Ahmad Rovandi, Harris Rustaman, Dede Sabila, Liya Yusrina Santoso, Imam Santoso, Muhammad Hery Sapto Budi Priyatno Setiawan, Budhy Siti Aisyah Siti Hadianti, Siti Sofwan, Aghus Soleh, Soleh Stefani Dian Hutami Sudarmanto, Eko Sukiswo Sukiswo Sukiswo Sukiswo Sumardi . Suseno, Jatmiko E. Syafruddin Syuja Rizqullah Tanzila Azizi Rochim Tharek A. Rahman Ucu Rahayu Uli Wildan Nuryanto Utiarahman, Nurnaningsih Venus Khasanah Victor Pattiasina Winasis, Ganjar Yohandri Natan Yuli Christyono Yuli Christyono Yuliana, Rachma Yulistina Yulistina