Proceedings of the 10th Padang International Conference on Education, Economics, Business and Accounting (PICEEBA-2 2022)

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The Effect of Stock Split, Stock Liquidity, and Financial Performance on Stock Returns in Companies Listed on the Indonesia Stock Exchange

Authors
Riko Zuhendri Efendi1, *, Hasrizal Hasan2, Raja Ria Yusnita3
1Universitas Negeri Padang, Padang, Indonesia
2Islamic University of Riau, Pekanbaru, Indonesia
3Islamic University of Riau, Pekanbaru, Indonesia
*Corresponding author. Email: rikozuhendriefendi@gmail.com
Corresponding Author
Riko Zuhendri Efendi
Available Online 16 September 2025.
DOI
10.2991/978-94-6463-839-4_118How to use a DOI?
Keywords
Stock Split; Stock Liquidity; Financial Performance; Stock Return
Abstract

This study aims to see the effect of stock split, stock liquidity, and financial performance on stock returns in companies listed on the Indonesia Stock Exchange for the 2014–2018 period. This study used multiple regression analysis as an analysis tool. The sampling technique uses purposive sampling, which is as many as 40 company samples. The result of the effect of the stock split shows that it has a significant positive effect on stock returns. Stock liquidity has a significant negative effect on stock returns. It can be said that when the company conducts a stock split, investors will be interested in buying shares that are cheap. If the stock price is too expensive, then the transaction will be quiet. Therefore, a stock split is carried out.

Copyright
© 2025 The Author(s)
Open Access
Open Access This chapter is licensed under the terms of the Creative Commons Attribution-NonCommercial 4.0 International License (http://creativecommons.org/licenses/by-nc/4.0/), which permits any noncommercial use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license and indicate if changes were made.

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Volume Title
Proceedings of the 10th Padang International Conference on Education, Economics, Business and Accounting (PICEEBA-2 2022)
Series
Advances in Economics, Business and Management Research
Publication Date
16 September 2025
ISBN
978-94-6463-839-4
ISSN
2352-5428
DOI
10.2991/978-94-6463-839-4_118How to use a DOI?
Copyright
© 2025 The Author(s)
Open Access
Open Access This chapter is licensed under the terms of the Creative Commons Attribution-NonCommercial 4.0 International License (http://creativecommons.org/licenses/by-nc/4.0/), which permits any noncommercial use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license and indicate if changes were made.

Cite this article

risenwbib
TY  - CONF
AU  - Riko Zuhendri Efendi
AU  - Hasrizal Hasan
AU  - Raja Ria Yusnita
PY  - 2025
DA  - 2025/09/16
TI  - The Effect of Stock Split, Stock Liquidity, and Financial Performance on Stock Returns in Companies Listed on the Indonesia Stock Exchange
BT  - Proceedings of the 10th Padang International Conference on Education, Economics, Business and Accounting (PICEEBA-2 2022)
PB  - Atlantis Press
SP  - 1485
EP  - 1497
SN  - 2352-5428
UR  - https://doi.org/10.2991/978-94-6463-839-4_118
DO  - 10.2991/978-94-6463-839-4_118
ID  - Efendi2025
ER  -