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PENGARUH BID-ASK SPREAD, MARKET VALUE, RISK OF RETURN, DAN DIVIDEND PAYOUT RATIO TERHADAP HOLDING PERIOD DENGAN INTEREST RATE SEBAGAI VARIABEL MODERATING

Hasmiati, Hasmiati (2018) PENGARUH BID-ASK SPREAD, MARKET VALUE, RISK OF RETURN, DAN DIVIDEND PAYOUT RATIO TERHADAP HOLDING PERIOD DENGAN INTEREST RATE SEBAGAI VARIABEL MODERATING. Masters (S2) thesis, University Of Muhammadiyah Malang.

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Abstract

This study aims to examine the effect of Bid Ask Spread, Market Value, and Risk of Return, and Dividend payout ratio to Holding Period with Interest Rate as moderating variable. This research is an associative descriptive research using approach of Cause and Effect. The data used are secondary data in the form of financial statements of companies listed on the Indonesia Stock Exchange. Hypothesis testing using multiple regression analysis and MRA. The population in this study is the common stock and preferred stock with the population used amounted to 120 companies with purposive sampling method technique. The independent variables of this research are Bid Ask Spread, Market Value, Risk of Return, and Dividend payout ratio. The dependent variable of firm value is measured by Holding Period. While the Interest Rate is a moderation variable. The result showed that bid-ask spread, market value, risk of return, and dividend payout ratio simultaneously have a significant positive effect on holding period. While partially bid-ask spread, and dividend payout ratio have positive significant effect to holding period, market value and risk of return have significant negative effect to holding period. Then with the addition of interest rate as the moderating variable between the independent variable to the dependent variable, the result is bid-ask spread, and the risk of return positively insignificant effect on the holding period through the interest rate, the market value has a significant negative effect on the holding period through the interest rate, while the dividend payout ratio has a significant positive effect on holding period through interest rate.

Item Type: Thesis (Masters (S2))
Student ID: 201610280211007
Keywords: Bid Ask Spread, Market value, Risk of Return, dividend payout ratio, Holding Period and Interest Rate.
Subjects: H Social Sciences > HB Economic Theory
H Social Sciences > HD Industries. Land use. Labor > HD61 Risk Management
Divisions: Postgraduate > Master of Management (61101)
Depositing User: Moh. Zawawi
Date Deposited: 05 Nov 2018 11:43
Last Modified: 05 Nov 2018 11:43
URI : http://eprints.umm.ac.id/id/eprint/39326

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