Foreign Ownership, Return Volatility, Trading Volume, and Risk of Stocks in Indonesia
This study examines the relationship between foreign ownership and return volatility, trading volume, and risk of stocks at the Indonesia Stock Exchange (IDX). Panel data of selected companies listed on the LQ45 index of the IDX was employed for the period between 2011 and 2017. Foreign ownership wa...
| Main Authors: | , |
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| Format: | Article |
| Language: | English |
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UUM Press
2017
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| Online Access: | https://repo.uum.edu.my/id/eprint/29529/1/IJBF%2013%2002%202017%20119-141.pdf |
| _version_ | 1803629679284846592 |
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| author | Naufa, Ahmad Maulin Lantara, I Wayan Nuka |
| author_facet | Naufa, Ahmad Maulin Lantara, I Wayan Nuka |
| author_sort | Naufa, Ahmad Maulin |
| collection | UUM |
| description | This study examines the relationship between foreign ownership and return volatility, trading volume, and risk of stocks at the Indonesia Stock Exchange (IDX). Panel data of selected companies listed on the LQ45 index of the IDX was employed for the period between 2011 and 2017. Foreign ownership was found to positively affect stock return volatility, trading volume, and risk. Hence, more substantial foreign ownership of stocks meant more drawbacks to Indonesian stocks. Therefore, there is a need for the Indonesian government to limit and regulate foreign shareholders in Indonesia. |
| first_indexed | 2024-07-04T06:41:41Z |
| format | Article |
| id | uum-29529 |
| institution | Universiti Utara Malaysia |
| language | English |
| last_indexed | 2024-07-04T06:41:41Z |
| publishDate | 2017 |
| publisher | UUM Press |
| record_format | dspace |
| spelling | uum-295292023-06-08T13:31:30Z https://repo.uum.edu.my/id/eprint/29529/ Foreign Ownership, Return Volatility, Trading Volume, and Risk of Stocks in Indonesia Naufa, Ahmad Maulin Lantara, I Wayan Nuka HG Finance This study examines the relationship between foreign ownership and return volatility, trading volume, and risk of stocks at the Indonesia Stock Exchange (IDX). Panel data of selected companies listed on the LQ45 index of the IDX was employed for the period between 2011 and 2017. Foreign ownership was found to positively affect stock return volatility, trading volume, and risk. Hence, more substantial foreign ownership of stocks meant more drawbacks to Indonesian stocks. Therefore, there is a need for the Indonesian government to limit and regulate foreign shareholders in Indonesia. UUM Press 2017 Article PeerReviewed application/pdf en cc4_by https://repo.uum.edu.my/id/eprint/29529/1/IJBF%2013%2002%202017%20119-141.pdf Naufa, Ahmad Maulin and Lantara, I Wayan Nuka (2017) Foreign Ownership, Return Volatility, Trading Volume, and Risk of Stocks in Indonesia. International Journal of Banking and Finance (IJBF), 13 (2). pp. 119-141. ISSN 2590-423X https://e-journal.uum.edu.my/index.php/ijbf/article/view/8507 |
| spellingShingle | HG Finance Naufa, Ahmad Maulin Lantara, I Wayan Nuka Foreign Ownership, Return Volatility, Trading Volume, and Risk of Stocks in Indonesia |
| title | Foreign Ownership, Return Volatility, Trading Volume, and Risk of Stocks in Indonesia |
| title_full | Foreign Ownership, Return Volatility, Trading Volume, and Risk of Stocks in Indonesia |
| title_fullStr | Foreign Ownership, Return Volatility, Trading Volume, and Risk of Stocks in Indonesia |
| title_full_unstemmed | Foreign Ownership, Return Volatility, Trading Volume, and Risk of Stocks in Indonesia |
| title_short | Foreign Ownership, Return Volatility, Trading Volume, and Risk of Stocks in Indonesia |
| title_sort | foreign ownership return volatility trading volume and risk of stocks in indonesia |
| topic | HG Finance |
| url | https://repo.uum.edu.my/id/eprint/29529/1/IJBF%2013%2002%202017%20119-141.pdf |
| work_keys_str_mv | AT naufaahmadmaulin foreignownershipreturnvolatilitytradingvolumeandriskofstocksinindonesia AT lantaraiwayannuka foreignownershipreturnvolatilitytradingvolumeandriskofstocksinindonesia |