7 4. Does any differences between investors’ attention of company stock
information in Indonesia and India in term of return, liquidity, and return volatility?
1.3 Research Scope
This study will concern to examine the influence of investors’ attention of company stock information on stock return, liquidity, and return volatility
comparison between Indonesia and India focusing on manufacture sector. The data observation will only focus on firms that listed on manufacture sector in
Indonesia Stock Exchange IDX and firms that listed on Manufacture sector in India Stock Exchange NSE-National Stock Exchange of India that already filter
using purposive sampling method. Search volume index from Google trends will use as a direct proxy to capture the attention of individual investor or retail
investor not the institutional investor. This study only uses the data from the period 2011-2013, because most of the data on the previous years of search
volume in Google trends is not available.
1.4 Research Objectives
The main purpose of this research is to examine whether there is an influence of individual investor attentions’ of company stock information to stock
return, liquidity, and return volatility or not. This paper will examine two countries which is Indonesia and India. But there are some others objectives that
hopefully can be reach or answer after conducting the research, such as: return volatility?
1.3 Research ch Scope
T This study w
il ill co
co nc
n ern to examine the
h in
i fl
flue uenc
nc e
e of investors s
’ attention of co
o m
mpany st st
oc oc
k k
inform m
at at
i ion
on stock retur n,
l l
iq iq
ui ui
dity, an
and d
re r
turn v vol
o atility
comp p
ar ar
is is
on on
bet t
w we
en I
nd onesia and
I nd
ia focusing on
m an
anufactu u
re re
s s
ec ec
tor. T
T he
da a
ta ta
o b
bserv va
tion will on ly
focus on fi
rms that l is
ted on man uf
ufactu ure
re s
sector i
in In
Indo donesi
i a
Stock Exchange ID
X and f
irms tha t
li sted on Manu
fa c
cture e
se se
ct cto
or in d
India S St
oc k Exch
an ge
NSE-Na tion
al S
tock E
xchange of
I nd
ia that a
already filte te
r using
purposive sampling m
etho d.
Search vo
lume index from Goog
le e trend
d s
s wil ll
use as as
a d
ir ec
t pr ox
x y
y to
to c
c ap
ap tu
tu re the atten
n ti
ti on
on o
o f
f in
in di
d vidual
i nv
es s
to to
r or ret et
a ai
l l
investor not the institutional inves sto
tor. .
T This study only uses the data from
m th
th e
pe peri
ri od
od 2011-2013, because most of the data on the previous yea
a rs
rs of f se
se ar
ar ch
vo volu
lume m
in G
Goo l
gle tr
tren en
ds ds
i is not av
v ai
aila labl
bl e.
e.
1.4 Research Objectives
The main purpose of th h
is i
researc c
h h is to examine whether there is an
influence of individual investor atte e
nt n
ion ns’ of company stock information to stock
return liquidity and return volatili i
t ty or not This paper will examine two
8 1. To examine the influence of investors’ attention of company stock
information on stock return of manufacture companies in Indonesia and India
2. To examine the influence of investors’ attention of company stock information on stock liquidity of manufacture companies in Indonesia
and India 3. To identify whether the investors’ attention of company stock
information influence the return volatility of manufacture companies in Indonesia and India
4. To identify any differences between investors’ attention of company stock information in Indonesia and India in term of return, liquidity,
and return volatility?
1.5 Research Benefits
