Analisis Faktor-Faktor Penentu Volatilitas Harga Saham Perusahan Sub Sektor Minyak, Gas dan Batu Bara Yang Terdaftar Di BEI

Abstract

Berangkat dari fenomena-fenomena global lima tahun terakhir yang diduga telah menyebabkan pergerakan tren investasi global pada perusahaan sub sektor minyak, gas dan batu bara dan sebanyak 29 saham sub sektor minyak, gas dan batu bara yang terdaftar di BEI tercatat oleh BEI masuk dalam saham kategori UMA (Unusual Market Activity) periode 2021 – 2023. Peneliti melakukan penelitian dengan tujuan untuk menganalisis pengaruh Pertumbuhan Aset, Volatilitas Laba (Earning Volatility), Leverage, dan Ukuran Perusahaan terhadap Volatilitas Harga Saham. Hasil dari penelitian ini membuktikan bahwa variabel Pertumbuhan Aset, Earning volatility, Leverage dan Ukuran Perusahaan tidak berpengaruh signifikan secara parsial maupun secara simultan terhadap Volatilitas Harga Saham perusahaan sub sektor minyak, gas dan batu bara yang terdaftar di Bursa Efek Indonesia periode 2019 – 2024. Penelitian ini dapat berguna bagi perusahaan dan investor untuk mengetahui bahwa volatilitas harga saham tidak hanya di pengaruhi oleh faktor-faktor internal saja. Sehingga investor dapat lebih cermat memantau resiko investasi berdasarkan fenomena global atau berita-berita politik yang terjadi. Penelitian ini merupakan penelitian kuantitatif asosiatif dengan menggunakan teknik analisis data uji asumsi klasik, uji regresi linear berganda, uji koefisien korelasi, uji koefisien determinasi, uji F (simultan) dan uji T (parsial). Kata Kunci: Pertumbuhan_Aset, Earning_Volatility, Leverage, Ukuran_Perusahaan dan Volatilitas Harga_SahamDeparting from the global phenomena of the last five years which are suspected to have caused the movement of global investment trends in companies in the oil, gas and coal sub-sector companies and as many as 29 oil, gas and coal sub-sector stocks listed on the IDX are listed by the IDX as stocks in the UMA (Unusual Market Activity) category for the 2021 – 2023 period. The researcher conducted the study with the aim of analyzing the influence of Asset Growth, Earning Volatility, Leverage, and Firm Size on Stock Price Volatility. The results of this study prove that the variables Asset Growth, Earning volatility, Leverage and Firm Size do not have a significant effect partially or simultaneously on the Stock Price Volatility of companies in the oil, gas and coal sub-sector listed on the IDX  for the period 2019 – 2024. This research can be useful for companies and investors to know that stock price volatility is not only influenced by internal factors. So that investors can more closely monitor investment risks based on global phenomena or political news that occurs. This study is an associative quantitative research using data analysis techniques of classical assumption test, multiple linear regression test, correlation coefficient test, determination coefficient test, F test (simultaneous) and T test (partial). Keywords: Asset_Growth, Earning_Volatility, Leverage, Firm_Size and Stock_Price_ Volatility