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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 Hadi Al Aziz, Ahda Al-Aziz, Ahda Alfiana Alfiana Andi Surya, Andi Anwar, Amelia Apriliani, Rina Ari Suwondo Ariestantia, Bella Arnanda, Yulistiana Arsad, Arsad Asnuddin, Asnuddin Astuti, Aisyahtri Astutik, Wahyuni Sri Baehaqi Bedjo Santoso Kadri Bulu, Nofyanto Tanjung Catarina Cori Pradnya Paramita, Catarina Cori Pradnya CN, Yudhinanto Desmon, Desmon Dirman, Rezki Donny Dharmawan Dwi Nurahman, Dwi Haderiah Hadi, Saifullah Al Hasbullah Hasbullah Helmita, Helmita Herlambang, Dian Hiya, Nirmadarningsih Homsiyah, Homsiyah Husaini, Juwita Hutagalung, Annisa Maharani I Dewa Putu Nyeneng Ibrahim Ibrahim Ivanka, Annisa Maya Jayanto, Imam Judijanto, Loso Karina, Luthfia Ayu Kassaming, Kassaming Khotimah Rustam, Husnul Kumalasari, Nety Kuniasih, Evi Kusumawati, Theresia Dhian Lailatun Nafisa Masthuroh, Masthuroh Mega Metalia, Mega Megasari, Rita Muhammad Holil Muhammad Tahir Muhammad Zubair Mulyana Mulyana Ngurah Pandji Mertua Agung Durya Nur Salma, Nur Nurdin, Nasrayanti Oktaria, Eka Ttravilta Oktasulfya, A. Nun Ashty Putri, Nurohmayni Rahma Wahdiniwaty Ramadina, Putri Renandi, Renandi Rizaldy, Rizaldy Rizky, Adelia Sagita, Holdin Sakinah, Sri Sari, Meita Sekar Sari, Pipit Novalia Sari, Pipit Novila Sesario, Revi Silvia, Dewi Siti Aisyah Siti Khoirina Sri Wahyuni Israfatin Bobihu Suci Qardhawijayanti Sugeng Karyadi Sultan Amin Yasin Sunandar Sunandar Teguh Prakoso Undang Rosidin Utami, Werdy Utiarahman, Nurnaningsih WA, Armalia Reny WA, Shinta Merinda Yayat Sudrajat Yulitasari, Resy Mulya Zainab Zainab Zulkaidah, Utari