Journal of Artificial Intelligence and Digital Economy
Vol. 1 No. 11 (2024): Journal of Artificial Intelligence and Digital Economy

ABNORMAL RETURN (AR) AND TRADING VOLUME ACTIVITY (TVA) ON FIRM VALUE IN BANKING COMPANIES IN INDONESIA

Wiwit Hariyanto (Muhammadiyah University of Sidoarjo, Indonesia)
Endra Wahyu Ningdiyah (Muhammadiyah University of Sidoarjo, Indonesia)
Fitiyan Izzah Noor Abidin (Muhammadiyah University of Sidoarjo, Indonesia)



Article Info

Publish Date
05 Dec 2024

Abstract

Objective: The study aims to evaluate the influence of Abnormal Return (AR) and Trading Volume Activity (TVA) on the Firm Value of banking companies in Indonesia during the 2019-2023 period. Methods: This quantitative research utilizes secondary data from 13 banking companies selected through purposive sampling, yielding a total of 65 observations (13 companies × 5 years). Data were analyzed using multiple linear regression, processed with SPSS version 27. Results: The findings reveal that both Abnormal Return and Trading Volume Activity significantly influence the Firm Value of banking companies in Indonesia during the specified period. Novelty: This study contributes to the literature by focusing on the dual impact of AR and TVA on Firm Value specifically within the banking sector in Indonesia, providing insights into financial performance dynamics during the 2019-2023 period.

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Journal Info

Abbrev

JAIDE

Publisher

Subject

Description

Journal of Artificial Intelligence and Digital Economy is part of the Discover journal series committed to providing a streamlined submission process, rapid review and publication, and a high level of author service at every stage. It is an open-access, community-focused journal publishing research ...