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The effect of foreign ownership on stock return volatility with financial ratio as control variables Wijaya, Erric; Nurhazizah, Sofi; Samsudin, Syamsyul
Jurnal Fokus Manajemen Bisnis Vol. 15 No. 1 (2025)
Publisher : Universitas Ahmad Dahlan

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.12928/fokus.v15i1.12011

Abstract

The capital market in Indonesia is an attractive investment destination for both domestic and foreign investors. It allows investors with excess funds to invest in various securities to obtain returns. However, volatility is a risk factor in investing, prompting investors to monitor volatility levels to make informed decisions. This study seeks to examine the impact of independent variables, particularly foreign ownership, in conjunction with control variables including company size, leverage, book to market ratio, and turnover on stock return volatility. The sample comprises 33 mining industry businesses listed on the Indonesia Stock Exchange from 2019 to 2023, harnessing secondary quantitative data. The study utilizes panel data regression analysis. The data was analyzed using Eviews software. The results demonstrate that foreign ownership and leverage exert a modest negative influence on stock return volatility, as does the book to market ratio. In contrast, business size and turnover positively enhance stock return volatility, with turnover exerting the most substantial influence. Investors will allocate their assets to a huge enterprise. The turnover variable exerts the most significant impact on stock return volatility. This is because investors typically examine patterns in a company's turnover rate while trading shares in the capital market.
Strategi Peningkatan Daya Saing Dengan Meningkatkan Kualitas Pengelolaan Keuangan Dan Modal Pada UMKM POPKID.ID Santi Rimadias; Erric Wijaya; M. Bugo Vandori
KREATIF: Jurnal Pengabdian Masyarakat Nusantara Vol. 4 No. 1 (2024): Maret : Jurnal Pengabdian Masyarakat Nusantara
Publisher : Pusat Riset dan Inovasi Nasional

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.55606/kreatif.v4i1.2813

Abstract

This community service program focuses on strategies to increase the competitiveness of MSMEs in POPKID.ID Children's Clothing by improving the quality of financial and capital management. POPKID.ID is an MSME engaged in the convection of children's clothing aged 1-13 years which has been established since 2020. One of the main problems faced by POPKID.ID is limited working capital which hinders business growth and development. The purpose of this community service activity is to provide training and assistance related to financial and capital management strategies for POPKID.ID. The method used is through training and mentoring. As a result, financial projections show an upward trend if financial and capital management is improved. Suggested strategies include optimizing funding sources and increasing financial literacy.