Kemampuan Ukuran Perusahaan Memoderasi Pengaruh Kapitalisasi Pasar dan Volume Perdagangan Saham Terhadap Return Saham

Abstrak

This research aims to partially test and analyze the effect of market capitalization
and stock trading volume on return investment, as well as test and analyze the ability
of company size to moderate the effect of market capitalization and stock trading
volume on return investment. The population in the research is 84 food and beverage
companies registered on the IDX for the 2018-2022 period. This research uses a
purposive sampling technique in sampling with a total sample selected of 25
companies in the food and beverage sector. The data source used in this research is
secondary data in the form of financial report documentation. The independent
variables in this research are market capitalization (X1) and stock trading volume
(X2), while the dependent variable is return investment (Y). This research also uses
company size (Z) as a moderating variable. The analysis models used are multiple
regression analysis and moderate regression analysis (MRA). The results of this
research show that market capitalization has a positive and significant effect on
return investment, this is indicated by a significance value of 0,000 ((sig.) ≤ α (0,05)).
Meanwhile, stock trading volume does not have a significant positive effect on stock
returns, this is indicated by a significance value of 0,409 ((sig.) > α (0,05)). Then
company size is able to moderate the influence of market capitalization on return
investment, this is indicated by a significance value of 0,000 ((sig.) ≤ α (0,05)) with
a coefficient value of 0,005 which has a positive influence direction, but company
size is not able to moderate the influence of stock trading volume on on return
investment is characterized by a significance value of 0,184 ((sig.) > α (0,05)).