Sentiment's Stock Impact: Company Size's Role In Stock Price Dynamics
DOI:
https://doi.org/10.57185/joss.v3i1.277Keywords:
Investor sentiments, market capitalization, stock priceAbstract
This study aims to present empirical evidence on the impact of investor sentiment on stock prices, test the moderating effect of firm size on the relationship between investor sentiment and stock prices, and examine potential differences in this relationship across firms of varying sizes. The sample for this study consists of 246 companies listed on the main board of the Indonesia Stock Exchange from 2018 to 2022. EViews 12 were used for data processing. The findings of the study suggest that investor sentiment has a positive impact on the stock prices of firms traded on the Indonesia Stock Exchange. Additionally, the relationship between investor sentiment and stock prices is not moderated by company size, although the effect of investor sentiment on stock prices varies across different company sizes.
Published
Issue
Section
License
Copyright (c) 2024 Humairoh Zahra, Bandi
This work is licensed under a Creative Commons Attribution-ShareAlike 4.0 International License.
Authors who publish with this journal agree to the following terms:
- Authors retain copyright and grant the journal right of first publication with the work simultaneously licensed under a Creative Commons Attribution-ShareAlike 4.0 International. that allows others to share the work with an acknowledgement of the work's authorship and initial publication in this journal.
- Authors are able to enter into separate, additional contractual arrangements for the non-exclusive distribution of the journal's published version of the work (e.g., post it to an institutional repository or publish it in a book), with an acknowledgement of its initial publication in this journal.
- Authors are permitted and encouraged to post their work online (e.g., in institutional repositories or on their website) prior to and during the submission process, as it can lead to productive exchanges, as well as earlier and greater citation of published work.
