THE IMPACT OF FOREIGN OWNERSHIP ON STOCK RETURNS AND FINANCIAL PERFORMANCE OF LISTED CORPORATIONS IN INDONESIA STOCK EXCHANGE

Prasasto, Josephus Satwiko (2018) THE IMPACT OF FOREIGN OWNERSHIP ON STOCK RETURNS AND FINANCIAL PERFORMANCE OF LISTED CORPORATIONS IN INDONESIA STOCK EXCHANGE. S1 thesis, UAJY.

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Abstract

This research objective is to examine the impact of foreign ownership to financial performance represent by return on asset (ROA) and stock performance represent by stock return. Sample of data is from all listed company on Indonesia Stock Exchange (IDX) with minimum 20% of foreign ownership and published their annual report from 2013 to 2017. Total of 56 companies become the observation of research with total panel data of 280. The research used pearson correlation and t-test to test the hypothesis of research. Result of this research from t-test shows foreign ownership has no impact to ROA and stock return. The correlation between foreign ownership and ROA is positive relationship. The correlation between foreign ownership and stock return is negative relationship.

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