The Pengaruh Harga Saham, Return Saham, Volume Perdagangan, dan Risiko Return Saham Terhadap Bid Ask Spread pada Perusahaan di Indeks LQ45

Abstract

The purpose of this study was to determine the effect of Stock Price, Stock Return, Trade Volume and Stock Return Risk partially or simultaneously on the bid ask spread of the LQ45 index companies 2019. The data source used in this study was daily secondary data. The population used in this study are companies listed in the 2019 LQ45 index, totaling 45 companies. The sampling technique used purposive sampling method which resulted in a total sample size of 37 companies and 245 days, thus forming a panel data of 9,065 samples. The analysis technique used is the Fixed Effect Model panel data regression analysis with the help of eviews 10 software application. The results show that: 1) stock prices have a significant effect on the bid ask spread, 2) stock returns have no significant effect on the bid ask spread, 3) volume stock trading has a significant effect on the bid ask spread, 4) the risk of stock return has a significant effect on the bid ask spread, 5) the stock price, stock return, trading volume, and the risk of stock return have a significant effect on the bid ask spread.