Pengaruh Ukuran Dewan Komisaris, Frekuensi Rapat Dewan Komisaris, Kepemilikan Institusional, Konsentrasi Kepemilikan, dan Kredit Bermasalah terhadap Volatilitas Idiosinkratik pada Perbankan yang Terdaftar di Bursa Efek Indonesia Periode 2019-2023

Abstract

This research aims to determine the effect of board size, frequency of board meetings, institutional ownership, ownership concentration, and non-performing loans on idiosyncratic volatility in banks listed on the Indonesia Stock Exchange for the 2019-2023 period. This research is a causal associative research with a quantitative approach. The population of this research is all banks listed on the Indonesia Stock Exchange for the 2019-2023 period. The sampling technique used is the census technique or total sampling, so that a sample of 46 banks was obtained. The data for this research are secondary data obtained from various websites, such as www.idx.co.id, https://finance.yahoo.com, and the company's official website. The analysis technique used is panel data regression analysis using SPSS version 26. The results showed that simultaneously, board size, frequency of board meetings, institutional ownership, ownership concentration, and non-performing loans affect idiosyncratic volatility. Partial tests show that institutional ownership has a positive effect on idiosyncratic volatility. Board size and ownership concentration have a negative effect on idiosyncratic volatility. Frequency of board meetings and non-performing loans do not have an effect on idiosyncratic volatility.