IJSRP, Volume 13, Issue 1, January 2023 Edition [ISSN 2250-3153]
Safira Zahra Meiska, Farah Margaretha Leon
Abstract:
Foreign institutional ownership is considered a favorable signal by the market, showing more transparency and a low level of asymmetric information that is expected to increase company liquidity and increase investor confidence. This study aims to provide empirical evidence about the effect of foreign share ownership on liquidity. the dependent variable of this study is Liquidity which is divided by four different sizes. The independent variable of this study is foreign ownership and the control variable consists of company size, stock price, trading volume and return volatility. the sample consists of 34 companies in the food and beverage sub-sector in Indonesia over a period of 3 years (2019-2021) and uses a panel data regression model in its testing