Retail Investor Attention, Foreign Investors and Crash Risk: Evidence on Indonesian Shariah-compliant Equities | Zendy

Aang Kunaifi | Zendy; Geodita Woro Bramanti | Zendy; Muhammad Ibnu Sina Al Hanif | Zendy

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Retail Investor Attention, Foreign Investors and Crash Risk: Evidence on Indonesian Shariah-compliant Equities

Author(s) -

Aang Kunaifi,

Geodita Woro Bramanti,

Muhammad Ibnu Sina Al Hanif

Publication year - 2021

Publication title -

procedia business and financial technology

Language(s) - English

Resource type - Journals

ISSN - 2807-131X

DOI - 10.47494/pbft.2021.1.25

Subject(s) - business , indonesian , crash , stock price , capital market , stock (firearms) , monetary economics , financial system , finance , economics , mechanical engineering , paleontology , philosophy , linguistics , series (stratigraphy) , computer science , engineering , biology , programming language

This study analyzes how retail investor attention and foreign investors are related to stock price crash risk in shariah-compliant equities. Using quarterly data in Islamic stocks that listed on the Indonesian Capital Market during 2016- 2019, we show that retail investor attention and foreign investors are negatively associated with stock price crash risk. The retail investor attention and foreign investors diminish stock price crash risk in shariah-compliant equities. In conclusion, the benefit of active attention that retail investor pay and increasing foreign investor mitigate crash risk in shariah-compliant equities

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