Electronic Theses and Dissertation

Penelitian ini bertujuan untuk menganalisis pengaruh kepemilikan negara, rasio likuiditas, ukuran perusahaan, dan volatilitas harga terhadap likuiditas saham pada perusahaan perbankan yang terdaftar di Bursa Efek Indonesia periode 2020–2024. Metode pengambilan sampel yang digunakan adalah purposive sampling. Sampel dalam penelitian ini adalah 40 perusahaan perbankan yang terdaftar di Bursa Efek Indonesia periode 2020–2024 sehingga diperoleh 200 observasi. Metode analisis yang digunakan adalah regresi data panel dengan bantuan perangkat lunak EViews 12. Hasil penelitian menunjukkan bahwa kepemilikan negara, ukuran perusahaan, dan volatilitas harga berpengaruh positif dan signifikan terhadap likuiditas saham. Sementara itu, rasio likuiditas tidak berpengaruh signifikan terhadap likuiditas saham. Secara simultan, kepemilikan negara, rasio likuiditas, ukuran perusahaan, dan volatilitas harga berpengaruh signifikan terhadap likuiditas saham. Hasil penelitian ini memberikan implikasi bahwa kepemilikan negara, ukuran perusahaan, dan volatilitas harga merupakan faktor yang dapat meningkatkan likuiditas saham, sehingga dapat menjadi pertimbangan bagi investor dalam pengambilan keputusan investasi serta menjadi masukan bagi perusahaan perbankan dalam meningkatkan daya tarik saham di pasar modal.
Kata Kunci: Kepemilikan Negara, Rasio Likuiditas, Ukuran Perusahaan, Volatilitas Harga, Likuiditas Saham

This study aims to examine the effect of state ownership, liquidity ratio, firm size, and price volatility on stock liquidity in banking companies listed on the Indonesia Stock Exchange during the 2020–2024 period. The sampling technique employed was purposive sampling. The sample consisted of 40 banking companies listed on the Indonesia Stock Exchange from 2020 to 2024, resulting in a total of 200 observations. The data were analyzed using panel data regression with the assistance of EViews 12 software. The results indicate that state ownership, firm size, and price volatility have a positive and significant effect on stock liquidity. Meanwhile, the liquidity ratio has no significant effect on stock liquidity. Simultaneously, state ownership, liquidity ratio, firm size, and price volatility have a significant effect on stock liquidity. These findings imply that state ownership, firm size, and price volatility are important factors in enhancing stock liquidity. Therefore, these factors may serve as valuable considerations for investors in making investment decisions and provide useful insights for banking companies in improving the attractiveness of their stocks in the capital market. Keywords: State Ownership, Liquidity Ratio, Firm Size, Price Volatility, Stock Liquidity.