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The effect of google trend as determinant of return and liquidity in Indonesia Stock Exchange

The impressive progress of information technology has substantially impacted economic development. Given this condition, the diffusion of information technology is related to the improvement of activities in the capital market, in which asymmetric information between investors can diminished to t...

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Main Authors: Nurazi, Ridwan, Kananlua, Paulus Sulluk, Usman, Berto
Format: Article
Language:English
Published: Penerbit Universiti Kebangsaan Malaysia 2015
Online Access:http://journalarticle.ukm.my/9614/1/12186-33205-1-SM.pdf
http://journalarticle.ukm.my/9614/
http://ejournals.ukm.my/pengurusan/issue/view/749
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spelling my-ukm.journal.96142016-12-14T06:50:27Z http://journalarticle.ukm.my/9614/ The effect of google trend as determinant of return and liquidity in Indonesia Stock Exchange Nurazi, Ridwan Kananlua, Paulus Sulluk Usman, Berto The impressive progress of information technology has substantially impacted economic development. Given this condition, the diffusion of information technology is related to the improvement of activities in the capital market, in which asymmetric information between investors can diminished to the lowest level. Thereby, we considered that information retrieval over the internet contributes to return and liquidity. We performed Google Trend (GT) as the surrogated indicator in attenuating the asymmetric information in Indonesia Stock Exchange. By utilizing 5976 observation data from 83 cross-sectional companies and 72 monthly time series ranging from January 2007 to December 2012, we noted that the information retrieval over the Internet has negative (p<0.05) contribution to return (RET). On the other hand, we confirmed that the information retrieval over the internet (GT) is positively (p<0.01) related to liquidity which is surrogated by trading volume (TV). Penerbit Universiti Kebangsaan Malaysia 2015 Article PeerReviewed application/pdf en http://journalarticle.ukm.my/9614/1/12186-33205-1-SM.pdf Nurazi, Ridwan and Kananlua, Paulus Sulluk and Usman, Berto (2015) The effect of google trend as determinant of return and liquidity in Indonesia Stock Exchange. Jurnal Pengurusan, 45 . pp. 1-17. ISSN 0127-2713 http://ejournals.ukm.my/pengurusan/issue/view/749
institution Universiti Kebangsaan Malaysia
building Perpustakaan Tun Sri Lanang Library
collection Institutional Repository
continent Asia
country Malaysia
content_provider Universiti Kebangsaan Malaysia
content_source UKM Journal Article Repository
url_provider http://journalarticle.ukm.my/
language English
description The impressive progress of information technology has substantially impacted economic development. Given this condition, the diffusion of information technology is related to the improvement of activities in the capital market, in which asymmetric information between investors can diminished to the lowest level. Thereby, we considered that information retrieval over the internet contributes to return and liquidity. We performed Google Trend (GT) as the surrogated indicator in attenuating the asymmetric information in Indonesia Stock Exchange. By utilizing 5976 observation data from 83 cross-sectional companies and 72 monthly time series ranging from January 2007 to December 2012, we noted that the information retrieval over the Internet has negative (p<0.05) contribution to return (RET). On the other hand, we confirmed that the information retrieval over the internet (GT) is positively (p<0.01) related to liquidity which is surrogated by trading volume (TV).
format Article
author Nurazi, Ridwan
Kananlua, Paulus Sulluk
Usman, Berto
spellingShingle Nurazi, Ridwan
Kananlua, Paulus Sulluk
Usman, Berto
The effect of google trend as determinant of return and liquidity in Indonesia Stock Exchange
author_facet Nurazi, Ridwan
Kananlua, Paulus Sulluk
Usman, Berto
author_sort Nurazi, Ridwan
title The effect of google trend as determinant of return and liquidity in Indonesia Stock Exchange
title_short The effect of google trend as determinant of return and liquidity in Indonesia Stock Exchange
title_full The effect of google trend as determinant of return and liquidity in Indonesia Stock Exchange
title_fullStr The effect of google trend as determinant of return and liquidity in Indonesia Stock Exchange
title_full_unstemmed The effect of google trend as determinant of return and liquidity in Indonesia Stock Exchange
title_sort effect of google trend as determinant of return and liquidity in indonesia stock exchange
publisher Penerbit Universiti Kebangsaan Malaysia
publishDate 2015
url http://journalarticle.ukm.my/9614/1/12186-33205-1-SM.pdf
http://journalarticle.ukm.my/9614/
http://ejournals.ukm.my/pengurusan/issue/view/749
_version_ 1643737859037855744
score 13.223943

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