Biaya Transaksi dan Periode Pemegang Saham Biasa yang Terdaftar di Bursa Efek Jakarta Periode 2002-2004
The purpose of this research is to investigate the influence of transaction costs for the period of shareholding. This research is a replication of the Atkins and Dyl (1997). The first part of the invested transaction cost which represented the bid-ask spread on the holding period. On the Atkins and...
| Main Authors: | , |
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| Format: | Article |
| Language: | English |
| Published: |
Universitas Islam Indonesia
2011-03-01
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| Series: | Jurnal Siasat Bisnis |
| Online Access: | https://hmts.civil.uii.ac.id/JSB/article/view/2009 |
| _version_ | 1811341274207223808 |
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| author | Agus Zaenul Arifin Tan Grace Tanzil |
| author_facet | Agus Zaenul Arifin Tan Grace Tanzil |
| author_sort | Agus Zaenul Arifin |
| collection | DOAJ |
| description | The purpose of this research is to investigate the influence of transaction costs for the period of shareholding. This research is a replication of the Atkins and Dyl (1997). The first part of the invested transaction cost which represented the bid-ask spread on the holding period. On the Atkins and Dyl (1997) research had added the control variables as independent variables in the form of market value and variance of stock returns. This research employs 30 companies has been taken as sample deemed all of the criteria on period 2002-2004. Analysis of the hypothesis was taken using 2SLS (two stage least square) regression. The result of this research indicate that the bid-ask spread, market value, and variance of stock return have a significant influence on the holding period of shares registered in Jakarta Stock Exchange.
Keywords: transaction cost, bid-ask spread, holding period, market value, variance of stock return |
| first_indexed | 2024-04-13T18:53:36Z |
| format | Article |
| id | doaj.art-666a29eb5dc14537884ec6bfe939c03d |
| institution | Directory Open Access Journal |
| issn | 0853-7666 2528-7001 |
| language | English |
| last_indexed | 2024-04-13T18:53:36Z |
| publishDate | 2011-03-01 |
| publisher | Universitas Islam Indonesia |
| record_format | Article |
| series | Jurnal Siasat Bisnis |
| spelling | doaj.art-666a29eb5dc14537884ec6bfe939c03d2022-12-22T02:34:20ZengUniversitas Islam IndonesiaJurnal Siasat Bisnis0853-76662528-70012011-03-01123Biaya Transaksi dan Periode Pemegang Saham Biasa yang Terdaftar di Bursa Efek Jakarta Periode 2002-2004Agus Zaenul ArifinTan Grace TanzilThe purpose of this research is to investigate the influence of transaction costs for the period of shareholding. This research is a replication of the Atkins and Dyl (1997). The first part of the invested transaction cost which represented the bid-ask spread on the holding period. On the Atkins and Dyl (1997) research had added the control variables as independent variables in the form of market value and variance of stock returns. This research employs 30 companies has been taken as sample deemed all of the criteria on period 2002-2004. Analysis of the hypothesis was taken using 2SLS (two stage least square) regression. The result of this research indicate that the bid-ask spread, market value, and variance of stock return have a significant influence on the holding period of shares registered in Jakarta Stock Exchange. Keywords: transaction cost, bid-ask spread, holding period, market value, variance of stock returnhttps://hmts.civil.uii.ac.id/JSB/article/view/2009 |
| spellingShingle | Agus Zaenul Arifin Tan Grace Tanzil Biaya Transaksi dan Periode Pemegang Saham Biasa yang Terdaftar di Bursa Efek Jakarta Periode 2002-2004 Jurnal Siasat Bisnis |
| title | Biaya Transaksi dan Periode Pemegang Saham Biasa yang Terdaftar di Bursa Efek Jakarta Periode 2002-2004 |
| title_full | Biaya Transaksi dan Periode Pemegang Saham Biasa yang Terdaftar di Bursa Efek Jakarta Periode 2002-2004 |
| title_fullStr | Biaya Transaksi dan Periode Pemegang Saham Biasa yang Terdaftar di Bursa Efek Jakarta Periode 2002-2004 |
| title_full_unstemmed | Biaya Transaksi dan Periode Pemegang Saham Biasa yang Terdaftar di Bursa Efek Jakarta Periode 2002-2004 |
| title_short | Biaya Transaksi dan Periode Pemegang Saham Biasa yang Terdaftar di Bursa Efek Jakarta Periode 2002-2004 |
| title_sort | biaya transaksi dan periode pemegang saham biasa yang terdaftar di bursa efek jakarta periode 2002 2004 |
| url | https://hmts.civil.uii.ac.id/JSB/article/view/2009 |
| work_keys_str_mv | AT aguszaenularifin biayatransaksidanperiodepemegangsahambiasayangterdaftardibursaefekjakartaperiode20022004 AT tangracetanzil biayatransaksidanperiodepemegangsahambiasayangterdaftardibursaefekjakartaperiode20022004 |