The Impact of Implementing Asymmetric Auto Reject on Liquidity and Stock Trading Volume (Case Study on LQ45 Stock in Indonesia Stock Exchange)

Abstract

The existence of the Covid-19 pandemic has greatly affected the condition of the public in investing, especially investing in stocks. The Indonesia Stock Exchange as a stakeholder makes several regulations so that the public continues to have a high interest in investing in stocks one of which is the application of an asymmetric auto reject policy. This study was conducted with the aim to explaining whether there is an effect before and after the implementation of the asymmetric auto reject policy on liquidity and stock trading volume. This study uses the paired sample test method to see whether there are differences before and after the implementation of the asymmetric auto reject policy. The result of this study indicate that the significance value (2- tailed) of the paired sample test table is <0.05 which indicates a significant difference between the initial and final variables. This shows that there is a significance influence on liquidity and stock trading volume in LQ45 stocks.