Balance : Jurnal Akuntansi dan Bisnis
Vol. 10 No. 2 (2025): Balance : Jurnal Akuntansi dan Bisnis

Peran Big Money dalam Pasar Modal Indonesia: Analisis Dampak terhadap Likuiditas, Harga Saham, dan Arah Sentimen Pasar

Muhammad Fahmi (Universitas Muhammadiyah Palembang)
Gumulya Sonny Marcel Kusuma (Universitas Muhammadiyah Palembang)
Muhammad Faris Afif (Universitas Muhammadiyah Palembang)
Junyka Widiyanti (Universitas Muhammadiyah Palembang)



Article Info

Publish Date
01 Nov 2025

Abstract

The main objective of this study is to analyze the role of Big Money in the Indonesian capital market. Specifically, the objectives of this study are to analyze the characteristics and behavior of Big Money in the Indonesian capital market, examine the impact of Big Money on Indonesian capital market liquidity, and identify the influence of Big Money on stock price movements in the Indonesian capital market. Secondary data from 2001-2024 was used. Data collection techniques were web scraping, observation, documentation, and literature review. The study found that Big Money plays a significant role in increasing liquidity through high trading volumes, but also triggers sharp fluctuations and volatility in stock prices, risking negatively impacting retail investors. Furthermore, big data-based fintech applications enable more accurate market predictions, creating an imbalance in access to information between large and small investors. This study emphasizes the importance of strict regulations to control the impact of Big Money in order to maintain market balance and protect all parties involved.

Copyrights © 2025






Journal Info

Abbrev

balance

Publisher

Subject

Economics, Econometrics & Finance

Description

Balance, p-ISSN 2548-7523 and e-ISSN 2613-8956, is a peer-reviewed journal managed by the Accounting Study Program, Faculty of Economics and Business, Universitas Muhammadiyah Palembang, and published by Universitas Muhammadiyah Palembang. It is published twice a year (June and November). Balance is ...