Proceedings of the International Conference on Sustainable Innovation Track Accounting and Management Sciences (ICOSIAMS 2021)

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Can Company Characteristics and Google Search Increase Stock Returns? An Evidence from Jakarta Islamic Index

Authors
Sri Lestari1, Retno Kurniasih2, *, Triya Aprillia Sutrisno3
1,2,3Department of Management, Faculty of Economics and Business, Universitas Jenderal Soedirman, Indonesia
*Corresponding author. Email: retno.kurniasih@unsoed.ac.id
Corresponding Author
Retno Kurniasih
Available Online 13 January 2022.
DOI
10.2991/aebmr.k.211225.012How to use a DOI?
Keywords
Stock Return; Company Characteristics; Google Search Volume
Abstract

Stock return is the level of profit obtained by investors from the results of investment decisions in stocks. Stock returns are influenced by various types of factors, both internal and external to the company. This study uses the characteristics of the company or the company’s internal factors, including company size, profitability, leverage, and liquidity. The company’s characteristics are used to analyze the ability to manage the company’s assets and liabilities and their effect on stock returns. This study also analyzes investors’ attention, which indicates the number of searches for the company’s ticker symbol on the Google Search engine. This study is a quantitative study on companies listed on the Jakarta Islamic Index. The sample is determined using the purposive sampling technique and then a sample of ten companies that fit the criteria are obtained. Panel data regression is used to analyze the effect of company characteristics and Google search on stock returns. The results showed that company size, profitability, and company liquidity positively affected stock returns. Meanwhile, leverage and Google search do not affect the company’s stock returns.

Copyright
© 2022 The Authors. Published by Atlantis Press International B.V.
Open Access
This is an open access article under the CC BY-NC license.

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Volume Title
Proceedings of the International Conference on Sustainable Innovation Track Accounting and Management Sciences (ICOSIAMS 2021)
Series
Advances in Economics, Business and Management Research
Publication Date
13 January 2022
ISBN
10.2991/aebmr.k.211225.012
ISSN
2352-5428
DOI
10.2991/aebmr.k.211225.012How to use a DOI?
Copyright
© 2022 The Authors. Published by Atlantis Press International B.V.
Open Access
This is an open access article under the CC BY-NC license.

Cite this article

risenwbib
TY  - CONF
AU  - Sri Lestari
AU  - Retno Kurniasih
AU  - Triya Aprillia Sutrisno
PY  - 2022
DA  - 2022/01/13
TI  - Can Company Characteristics and Google Search Increase Stock Returns? An Evidence from Jakarta Islamic Index
BT  - Proceedings of the International Conference on Sustainable Innovation Track Accounting and Management Sciences (ICOSIAMS 2021)
PB  - Atlantis Press
SP  - 73
EP  - 78
SN  - 2352-5428
UR  - https://doi.org/10.2991/aebmr.k.211225.012
DO  - 10.2991/aebmr.k.211225.012
ID  - Lestari2022
ER  -