Main Article Content
Abstract
The purpose of this research is to investigate the influence of transaction costs for the period of shareholding. This research is a replication of the Atkins and Dyl (1997). The first part of the invested transaction cost which represented the bid-ask spread on the holding period. On the Atkins and Dyl (1997) research had added the control variables as independent variables in the form of market value and variance of stock returns. This research employs 30 companies has been taken as sample deemed all of the criteria on period 2002-2004. Analysis of the hypothesis was taken using 2SLS (two stage least square) regression. The result of this research indicate that the bid-ask spread, market value, and variance of stock return have a significant influence on the holding period of shares registered in Jakarta Stock Exchange.
Keywords: transaction cost, bid-ask spread, holding period, market value, variance of stock return
Keywords: transaction cost, bid-ask spread, holding period, market value, variance of stock return
Article Details
License
Authors who publish with this journal agree to the following terms:
- Authors retain copyright and grant the journal right of first publication with the work simultaneously licensed under a Creative Commons Attribution-ShareAlike 4.0 International License that allows others to share the work with an acknowledgement of the work's authorship and initial publication in this journal.
- Authors are able to enter into separate, additional contractual arrangements for the non-exclusive distribution of the journal's published version of the work (e.g., post it to an institutional repository or publish it in a book), with an acknowledgement of its initial publication in this journal.
- Authors are permitted and encouraged to post their work online (e.g., in institutional repositories or on their website) prior to and during the submission process, as it can lead to productive exchanges, as well as earlier and greater citation of published work (See The Effect of Open Access).
How to Cite
Arifin, A. Z., & Tanzil, T. G. (2011). Biaya Transaksi dan Periode Pemegang Saham Biasa yang Terdaftar di Bursa Efek Jakarta Periode 2002-2004. Jurnal Siasat Bisnis, 12(3). Retrieved from https://journal.uii.ac.id/JSB/article/view/2009