Jurnal Terapan Manajemen dan Bisnis
Vol 7, No 1 (2021): VOLUME 7 NUMBER 1 (2021)

STOCK RETURN IN INDONESIA BANKING COMPANIES: INVESTMENT DECISIONS, DIVIDEND POLICY, INSTITUTIONAL OWNERSHIP, INTEREST RATE

Enggar Bayu Kusumaningrum (Polytechnic of State Finance STAN)
Hasna Noor Alifa (Polytechnic of State Finance STAN)
Amrie Firmansyah (Polytechnic of State Finance STAN)



Article Info

Publish Date
29 Mar 2021

Abstract

This study aims to determine the effect of investment decisions, dividend policy, institutional ownership, and interest rates on stock returns. This research is a quantitative study using secondary data and multiple regression analysis methods. Data was sourced from www.idx.com and finance.yahoo.com consist of data and information from company financial statements and stock prices. Purposive sampling was chosen as the sampling method and obtained 35 banking companies for three years, so the total sample is 105 firm-year. The results suggest that investment decisions, dividend policy, and institutional ownership are not associated with stock returns, while interest rates negatively affected stock returns. This study indicates that banking companies make significant innovations in their products so that the investment objective is to support the company's operational activities and increase company value from investors' perspective.

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Journal Info

Abbrev

JTMB

Publisher

Subject

Decision Sciences, Operations Research & Management Economics, Econometrics & Finance

Description

Jurnal Terapan Manajemen dan Bisnis (JTMB) - Journal of Applied Management and Business with e-ISSN 2477-5282 and p-ISSN 2599-3127. JTMB is an International Journal, hereinafter abbreviated as JTMB, compiles and publishes various researchers in the field of management especially in the application ...