Pengaruh Return on Asset Dan Tobin’s Q Terhadap Volume Perdagangan Saham Pada Perusahaan Perbankan Yang Listing Di Bursa Efek Indonesia Periode Tahun 2013-2017

Abstract

The ability of company to earn profit in its operational activities as a main focus in evaluation of banking performance, because from the company's profits it will be known the ability of company to fulfill its obligations to investors as well, which is an important element in creating corporate value that shows its prospects in the future. The objective of research was: (1) to analyze and explains the influence of ROA on the volume of stock trading of banking companies listed on the IDX for the period 2013-2017; (2) to analyze and explain the influence of Tobin's Q on the volume of stock trading of banking companies listed on the IDX for the period 2013-2017; and (3) to analyze and explain the influence of ROA and Tobin's Q simultaneously on the volume of stock trading of banking companies listed on the IDX for the period 2013-2017. The research was conducted at the Capital Market Information Center providing financial data and stock prices of banking companies listing on the IDX for the period 2013-2017 with a total sample of 8 (eight) banking companies. Data analysis used is descriptive to explain the characteristics of respondents and research descriptively, while to analyze quantitative data uses multiple regression analysis through SPSS ver. 22 program. The result of research indicates that partially Return on Asset (ROA) and Tobin's Q have influence positively and significantly on the volume of stock trading, and simultaneously Return on Asset (ROA) and Tobi's Q have influence positively and significantly on the volume of stock trading.

The Implication of Profitability as a Moderating in the Relation of Environmental Certification and Financial Performance to Market Reaction

“…Table 6 shows Tobin's Q ratio does not affect the market reaction. The results of this study are not in line with research conducted by Reny et al (2019); Saputra (2018);and Timothy &;Hutabarat (2022) who stated that tobin's Q ratio has a positive and significant effect on trading volume activity (TVA). This study assumes that investors do not know the value of Tobin's Q ratio, which describes the company's investment growth potential.…”

Market Response to Disclosure of Corporate Social Responsibility (CSR) During the Covid 19 Pandemic

“…Several studies have found a positive and significant effect of profitability on trading volume. Some of them are by Reny, et al (2019) discovering that partially Return on Assets (ROA) and Tobin's Q had a positive and significant effect on stock trading volume, and Return on Assets (ROA) and Tobin's Q had a simultaneous positive and significant effect on the trading volume of shares. This means that the better the company's profitability performance, the more positive the market response.…”