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This study examines how the stock liquidity with Amihud Illiquidity measurement to the company's value as measured by Tobin's Q value, and see whether there is a feedback effect in those relationship. In this study, panel data method is used with a sample of islamic stock in the period 2011 to 2018. The results of this study indicate that Islamic stocks as a whole are listed on the Indonesian Sharia Stock Index (ISSI) where the level of stock liquidity has a positive effect on company value through a feedback effect mechanism. Further analysis was carried out using a sample of the most liquid Islamic stocks listed on the Jakarta Islamic Index (JII) which also showed the positive effect of stock liquidity on company value, and found a feedback effect mechanism in this interaction. It means, liquid stocks has a higher value, and positive stock liquidity effect on firm value is magnified for liquid stock with high business uncertainty.Ada Tabel
| Call Number | Location | Available |
|---|---|---|
| 12572 | PSB lt.2 - Karya Akhir | 1 |
| Penerbit | Depok: Program Studi Bisnis Islam Fakultas Ekonomi dan Bisnis Universitas Indonesia 2021 |
|---|---|
| Edisi | - |
| Subjek | Firm value Stock liquidity Islamic Stocks Feedback Effect |
| ISBN/ISSN | - |
| Klasifikasi | - |
| Deskripsi Fisik | xiv, 92 p. ; diagr. ; 30 cm |
| Info Detail Spesifik | - |
| Other Version/Related | Tidak tersedia versi lain |
| Lampiran Berkas | Tidak Ada Data |