THE EFFECT OF FIRM VALUE AND INSTITUTIONAL INVESTORS ON HERDING BEHAVIOR

Tifani Ayuningsih, Salsabila and Fenny, Marietza and Isma, Coryanata (2022) THE EFFECT OF FIRM VALUE AND INSTITUTIONAL INVESTORS ON HERDING BEHAVIOR. Undergraduated thesis, Universitas Bengkulu.

Archive (Thesis) SKRIPSI SALSABILA TIFANI A C1C018108 (2) (1).pdf - Bibliography Restricted to Repository staff only Available under License Creative Commons GNU GPL (Software). Download (3MB)

Abstract

This research aims to determine the effect of firm value and institutional investors on herding behavior. The measurement of firm value is carried out using the Book to Market Ratio and Firm Size. The measure of institutional investors uses the company's institutional ownership, and the measurement of herding behavior uses the Cross-Sectional Absolute Deviation (CSAD) method proposed by Chang et al. (2000). The population in this study is LQ45 companies listed on the Indonesia Stock Exchange for 2019-2020 (consecutive). The sample in this study is 23 companies .The data analysis method used in this study was carried out with multiple regression analysis with the help of the Eviews application. The study results show that there is indication of the occurrence of Herding Behavior in LQ45 companies in the 2019-2020 period. Firm Value (BTM and Firm Size) does not affect Herding Behavior. In addition, institutional investors also does not affect herding behavior on the Indonesia Stock Exchange

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