Febrica Dewi Paramita, Febrica Dewi
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PENGARUH HARGA SAHAM, VOLUME PERDAGANGAN, LIKUIDITAS DAN LEVERAGE TERHADAP BID-ASK SPREAD (STUDI PADA PERUSAHAAN INDEX JII DI BURSA EFEK INDONESIA PERIODE TAHUN 2010-2013) Paramita, Febrica Dewi; Yulianto, Agung
Accounting Analysis Journal Vol 3 No 3 (2014): August 2014
Publisher : UNIVERSITAS NEGERI SEMARANG

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.15294/aaj.v3i3.4217

Abstract

Tujuan dari penelitian ini adalah untuk menganalisis pengaruh harga saham, volume perdagangan, likuiditas dan leverage terhadap bid-ask spread saham syariah. Populasi dalam penelitian ini adalah 30 perusahaan yang terdaftar di Jakarta Islamic Index (JII) tahun 2010-2013. Teknik pengambilan sampel menggunakan purposive sampling yaitu emiten membukukan laporan keuangan dan tersedia data harga saham, volume perdagangan, bid price, offer price, current ratio dan leverage ratio selama periode penelitian sehingga jumlah sampel yang digunakan sebanyak 25 perusahaan. Pengujian hipotesis dalam penelitian ini menggunakan regresi linier berganda dengan koefisien determinasi, uji t dan uji F. Hasil penelitian menunjukkan bahwa harga saham, volume perdagangan, likuiditas dan leverage secara simultan berpengaruh siginifikan terhadap bid-ask spread saham syariah. Variabel harga saham dan leverage secara parsial berpengaruh negatif terhadap bid-ask spread saham syariah. Volume perdagangan secara parsial berpengaruh positif terhadap bid-ask spread saham syariah. Likuiditas secara parsial tidak berpengaruh terhadap bid-ask spread saham syariah. Penelitian selanjutnya diharapkan dapat menambahkan variabel lain seperti return saham dan rasio-rasio keuangan lainnya sebagai variabel yang berpengaruh terhadap bid-ask spread saham syariah sehingga dapat memperbesar adjusted R square.The purpose of this study was to exam the influence of stock price, trading volume activity, liquidity and leverage of the bid-ask spread share of sharia. The population in this research is 30 companies registered in Jakarta Islamic Index (JII) year 2010-2013. The sample is took by using purposive sampling technique there are issuer recorded financial statement and available of stock price, trading volume activity, bid price, offer price, current ratio and leverage ratio in study period so a total sample is 25 companies. The hypothesis was tested by using multiple linear regression coefficient of determination, t test and F test. The results showed that there were significant influence of stock price, trading volume activity, liquidity and leverage to bid-ask spread simultaneously. The research also proves that stock price and leverage have negative influence to bid-ask spread. Trading volume activity have positive influence to bid-ask spread. future studies are expected to use other variable such as stock return and other financial ratios as influence variable to islamic stock bid-ask spread so can enlarge adjusted R square.