Journal of Innovation in Business and Economics
Vol. 5 No. 02 (2021): Journal of Innovation in Business and Economics

Google trend and stock market: Does it matter?

Ratih Kusumawardhani (Faculty of Economics,University of Sarjanawiyata Tamansiswa, Yogyakarta, Indonesia123)
Risal Rinofah (Faculty of Economics,University of Sarjanawiyata Tamansiswa, Yogyakarta, Indonesia123)
Dandi Rukmana (Faculty of Economics,University of Sarjanawiyata Tamansiswa, Yogyakarta, Indonesia123)

Article Info

Publish Date
22 Aug 2022

Abstract

This study aims to determine the effect of the financial ratio and Google search volume (GSV) on stock returns of LQ-45 companies listed on the IDX for the 2015-2020 period. The study used purposive sampling and applied multiple linear regression analysis. The results showed that the Current Ratio (CR) and Return on Assets (ROA) insignificantly affect stock returns. Meanwhile, the Debt-to-Equity Ratio (DER) hurts stock returns significantly. This finding implies that signals from search data volume can help build profitable trading strategies.

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Journal Info
Journal of Innovation in Business and Economics
Website

Abbrev

jibe

Publisher

Universitas Muhammadiyah Malang

Subject

Economics, Econometrics & Finance

Description

The Journal of Innovation in Business and Economics (JIBE) is published by the Department of Economics and Business at University of Muhammadiyah Malang in 2017. Previously this journal was known as Jurnal Media Ekonomi that was initially published in 2000. In 2011 until 2016, this journal was ...