International Journal of Social Science, Educational, Economics, Agriculture Research, and Technology (IJSET)
Vol. 5 No. 9 (2026): AUGUST

THE EFFECT OF INSTITUTIONAL OWNERSHIP, TRADING VOLUME ACTIVITY, TOTAL ASSET TURNOVER, AND LEVERAGE ON STOCK RETURNS WITH PROFITABILITY AS CONTROL

Inviolata Dua Sareng (Universitas Esa Unggul)
Mayang Sari Edastami (Universitas Esa Unggul)



Article Info

Publish Date
23 Aug 2026

Abstract

This study aims to examine the effect of Institutional Ownership, Trading Volume Activity (TVA), Total Asset Turnover (TATO), and Leverage on Stock Returns, with Profitability serving as a control variable. The research objects were companies in the industrial sector listed on the Indonesian Stock Exchange (IDX) during the six-year observation period from 2019 to 2024. The study population consisted of 22 industrial sector companies. The sample was selected using a purposive sampling method based on predetermined criteria, resulting in 132 firm-year observations. Multiple linear regression analysis was employed to examine the relationship between the independent variables and the dependent variable. Prior to hypothesis testing, descriptive statistical analysis and classical assumption tests were conducted to ensure the adequacy of the data and the regression model. The results indicate that Institutional Ownership, Trading Volume Activity, Total Asset Turnover, and Leverage simultaneously have a significant effect on Stock Returns. Partially, Institutional Ownership has a significant negative effect on Stock Returns, while Trading Volume Activity and Total Asset Turnover have significant positive effects on Stock Returns. Meanwhile, Leverage has no significant effect on Stock Returns.

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Journal Info

Abbrev

ijset

Publisher

Subject

Agriculture, Biological Sciences & Forestry Humanities Computer Science & IT Economics, Econometrics & Finance Education

Description

International Journal of Social Science, Educational, Economics, Agriculture Research, and Technology (IJSET) is an international journal that publishes popular articles in the fields of Social Science, Education, Economics, Agricultural Research, and Technology. IJSET is published every month in ...