Analisis Holding Period Saham Perusahaan Indeks LQ-45 di Bursa Efek Indonesia

ABSTRAK

ANALISIS HOLDING PERIOD SAHAM PERUSAHAAN INDEKS LQ-45 DI
BURSA EFEK INDONESIA

Tujuan utama penelitian ini adalah untuk mengetahui pengaruh variabel bid-ask
spread, market value, Variance Return, dan dividend payout ratio terhadap holding
period saham. Hasil uji F menunjukan bahwa variabel bid-ask spread, market value,
variance return, dan dividend payout ratio secara simultan memiliki pengaruh terhadap
holding period saham biasa dengan nilai F hitung sebesar 56.24377 dan signifikansi
sebesar 0,000. Besarnya pengaruh empat variabel tersebut terhadap holding period
adalah 71%, sedangkan 29% dipengaruhi oleh variabel lain yang tidak dibahas dari
penelitian ini. Hasil uji t menunjukkan bahwa secara parsial variabel Bid ask spread
dan market value tidak berpengaruh signifikan terhadap holding period dengan
signifikansi 0.1318 dan 0.0970. Variabel variance return dan dividend payout ratio
berpengaruh signifikan terhadap holding period. Signifikansi variance return sebesar
0,0018 dan dividend payout ratio sebesar 0.0000.
Kata kunci: Holding Period, Bid ask spread, Market value, variance return, Dividend
Payout ratio

Universitas Sumatera Utara

ABSTRACT

ANALYSIS OF HOLDING PERIOD STOCK COMPANY INDEX LQ-45
INDONESIA STOCK EXCHANGE

The main objective of this study was to determine the effect of variable bid- ask
spreads, market value, Variance Return, and the dividend payout ratio to the stock
holding period. F test results showed that the variable bid- ask spreads, market value,
return variance, and the dividend payout ratio simultaneously having an influence on
the holding period of shares of common stock with a value of F count equal to
56.24377 and significance of 0.000 . The magnitude of the effect of four of these
variables on the holding period was 71 % , while 29 % are influenced by other
variables that are not addressed on this study. T test results showed that in partial bid
-ask spread and market value does not significantly influence the significance of
holding period by 0.1318 and 0.0970. Variable variance return and dividend payout
ratio significantly influence the holding period. Significance variance return of
0.0018 and a dividend payout ratio of 0.0000 .
Keywords: Holding Period, bid ask spread, Market value, variance return, Dividend
Payout Ratio

Universitas Sumatera Utara